Director of Business Development

What we do:

VerAI leverages its proprietary AI Discovery Platform to systematically identify and target high-probability locations of concealed mineral deposits, generating drill-ready targets. Our highly scalable business model creates value both from strategic partnerships with explorers to develop our fully owned license portfolios, and from generating high probability targets on partner ground. We unlock value by monetizing equity, royalties and other structures from these assets, sharing the risk/reward with our partners.

We are well funded by exceptional industry and strategic investors, including Insight Partners, T Rowe Price, Orion Resources, Chrysalix Capital, and Blumberg Capital.

Our Mission:

VerAI is committed to accelerating the global zero-carbon transformation by discovering the strategic minerals essential for our sustainable future. In the last two decades, the mineral exploration industry underperformed with a very low rate of discovery success, failing to supply the massive demand for these critical commodities. We are disrupting Mineral Exploration by deploying a revolutionary AI Discovery Platform that detects mineral deposits in underexplored, covered terrain - helping our partners drill in the right place, and with a much higher probability of success.

Our Culture: Why work with us?

This role forms a key part of accelerating our unique business strategy as we look to rapidly scale the deployment of our breakthrough technology. You'll join a small, dynamic, and entrepreneurial team that's pushing the boundaries of innovation, fully committed to transforming the mineral discovery space. In this role, working closely with your colleagues, you'll gain exposure to multiple new mineral discoveries across diverse geographies and commodities.

We are a remote-only US-headquartered company, with a diverse international team.

What's in it for you:

• Influence: You will have a direct influence on how we develop, grow and monetize our mineral asset business to generate value.
• Innovation: You will be provided with an amazing opportunity to generate scalable value from leveraging our state-of-the-art ML/AI technologies in a company that truly believes in innovation and continuous improvement.

Attributes that will make you successful at VerAI:

• Acumen: A sharp sense of where value exists and how to optimize exposure to it.
• Partner-Centric Collaborator: Empathetic relationship-builder who prioritizes partner satisfaction.

Salary range: $199,000-$227,000 Canadian

Bonus: Bonus Potential: Up to 25% of base salary, contingent on achieving performance targets.

Location: This is a home-based, remote position in Canada only. Frequent national and international travel is required.

Benefits: We offer excellent benefits: Unlimited PTO, Supplemental Health Coverage, Group Retirement Savings Plan (GRSP) match as well as a competitive compensation program with stock options.

A day in the life of this role:

The Director of Business Development, reporting to the VP of Value Creation and Portfolio Management, is a professional business and commercial manager who takes pride in generating significant business value through creative commercial efforts.

This role requires a well-connected business development professional with deep mining-industry knowledge, strong transactional expertise, and an ability to drive value creation through partnerships. The role will require responsibility for identifying, evaluating, and aiding the structuring and executing of transactions that align with the Company's business strategy.

• Scale VerAI's Value Generation and Realization, including:
  • Operate within the Company's defined OKRs, guiding new potential partner targets to optimize VerAI's partnership portfolio and value creation strategies.
  • Source, screen, filter, and review value creation and partnership opportunities.
  • Identification of counterparties as potential partners.
  • Deliver rapid value growth by finding go-to-market opportunities, leveraging VerAI's unique Products and Value Proposition.
  • Frame negotiation strategy and develop negotiation envelopes.
  • Work with in-house as well as third party cross-functional teams to ensure transactions progress smoothly.
  • Assist in contract drafting and contract closing.
  • Prepare project DCF and other valuation and scenario-based models.
  • Support Marketing and PR to attract relevant partners.
  • Support the implementation of a business development strategy that enhances the company's market position.
  • Represent the Company on-site visits, in partnerships' committees, in meetings, and at conferences in North America and abroad.
• Market & Industry Analysis
  • Conduct in-depth research and market analysis to identify emerging trends, competitive dynamics, new target companies/projects.
  • Prepare reports and presentations to communicate partnership opportunities to senior management.
  • Report business and commercial progress toward Company Objectives.
• Secondary Responsibilities
  • Support Asset Portfolio Management through administrative activities.
  • Support optimizing value from VerAI's asset portfolio.

Key Working Relationships:

• Reports to the VP of Value Creation and Portfolio Management.
• Collaborates and maintains strong relationships with VerAI's partners.
• Maintains and utilizes a deep network with mining industry counterparties.

What we need from you:

• Bachelor's degree in Mining Engineering, Geology, Finance, Business Administration, or a related field.
• Minimum of 10 years of experience in corporate and/or business development, private equity, or mining finance.
• Demonstrated success in executing transactions.
• Deep knowledge of mining operations, project development phases, mineral economics, and commodity markets.
• Excellent leadership, negotiation, and communication skills.
• Deep understanding of the mining industry, including royalty and streaming models.
• Proven track record identifying and closing new business opportunities.
• Strong senior contact network in the Americas focused on mining companies.
• Others:
  • Demonstrated project management organizational skills.
  • Demonstrated excellent technical written, verbal, and presentation communication skills in English.