Shares in Eurasia Mining plc (LON:EUA) raced 10% higher on Friday afternoon as it struck an alliance with GoldMint PTE - a firm which is an emerging player in blockchain technology - the platform originally devised for Bitcoin.
The memorandum of understanding means where Eurasia identifies potential exploration and mining projects it can collaborate with GoldMint on financing all or part of them.
The agreement can also apply to Eurasia's current projects and interests.
GoldMint has evolved from the Russian high street gold management and lending business Lot-Zoloto.
It is developing a platform so physical gold can be traded more quickly and it aims to make transactions backed by physical gold more fluid.
The platform was originally devised for the digital currency Bitcoin but has now found further applications.
It is creating opportunities for innovation in finance itself - the way companies can put money in place for projects.
Eurasia has an operating mine in the Ural Mountains, and separately its approved reserves and resources within the Monchetundra project on the Kola Peninsula comprise 1.9mln ounces of palladium equivalent.
In addition, Eurasia has an interest in the Semenovsky gold and mine tailings project, a project which has near term gold production potential.
Earlier this week, Eurasia said it was making progress towards submitting the production license application for its Monchetundra platinum group metals project.
So far, all necessary contracts covering mine design, blasting, mine surveying, ecological monitoring and land rehabilitation have been assigned to third parties, a necessary step towards a successful mining license application.
It means the application itself will be lodged on schedule, in September.
Shares added over 10% to 45p.