URVS · 1.0 · 2026 Edition · ACM Standards Committee

Urban Reserve
Valuation Standard

A global framework for the classification, quantification, and financial perfection of manufacturing feedstock assets under Advanced Circular Manufacturing. The standard that makes urban reserves bankable at institutional grade.

View URVS Scenario Analysis → ← The Thesis
Document Control
IdentifierURVS · 1.0 · 2026
Edition2026 — First Edition
StatusEFFECTIVE
Governing AuthorityACM Standards Committee
AudienceLicensed Practitioners
Review CycleAnnual
Current StageStage 5 — RAV
SupersedesNone — Inaugural
§ 1
Purpose &
Scope
The governing purpose and the boundaries of URVS application

The Urban Reserve Valuation Standard (URVS) provides the definitive global framework for the classification, quantification, and financial perfection of Urban Reserves. Unlike traditional resource extraction, which relies on the discovery of finite geological deposits, Urban Reserves comprise manufacturing feedstock — polymers, organics, and minerals — found in active urban supply streams and legacy deposits.

This standard provides a proprietary methodology utilized exclusively by Licensed Practitioners to resolve the asset value of these feedstocks for institutional project finance.

The Core Transition
By transitioning the asset class from "waste domain" metrics to a rigorous Atom-Count Discipline, the URVS treats feedstock as a molecularly complex raw material for an ACM refining platform. This shift allows lenders to value an Urban Reserve with the same mathematical certainty as a proven oil field or mineral vein — with the added benefit of a perpetually renewable supply and no geological decline rates.

The reserve does not deplete. The urban supply stream is continuously renewed by the community. Value is bounded by the 30-year Circular Offtake Agreement term, not by resource exhaustion.

Sovereign Database Citations

All elemental assays must be cited against: EU JRC EUR 28582 EN (Municipal Solid Waste composition), EU JRC EUR 30663 EN (Waste-specific elemental data), US EPA WARM v15 (Material-specific emission and composition factors), and USGS MCS 2024 (Mineral Commodity Summaries, market pricing).

§ 2
The
Contractual
Anchor
The Circular Offtake Agreement as legal bedrock

To reach "Perfected" status, a valuation must be anchored by a Circular Offtake Agreement (COA) or an equivalent commercial supply instrument. The COA executes the Economic Inversion: a community liability is transformed into a bankable asset. Four non-negotiable provisions:

Title Transfer
Irrevocable
Immediate and irrevocable legal transfer of manufacturing feedstock ownership to the operator at the point of collection or delivery. The material is legally classified as "purchased inventory" rather than "discarded waste." GASB 18 contingent liability is extinguished.
Guaranteed TMC Fee
$75–$150/ton
A non-cancelable manufacturing service fee with a mandatory 2.5% annual escalator. Must be backed by −BBB or better credit to ensure stability of the debt-service coverage ratio (DSCR).
Deterministic Throughput
30 yr Take-or-Pay
A 30-year "Take-or-Pay" guarantee on daily tonnage. Eliminates volume risk, ensuring the facility operates at deterministic capacity regardless of local economic fluctuations.
Circular Royalty™
120% × TMC
A recurring royalty paid back to the feedstock supplier commencing 13 months after first delivery. The 12-month lag accounts for the manufacturing and valorization cycle. 1%/yr escalator. Aligns supplier interests with ACM success for 29 years.
§ 3
The 5-Stage
Certification
Protocol
An Urban Reserve is "Perfected" only when all five stages are verified and bundled
1
Catchment Logistics & Reserve Tiering
Actor: Licensed Practitioner
A forensic audit of 30-year historical feedstock logistics data for the designated catchment area. Identifies the physical presence of material and tiers it based on contractual certainty.
1.1
Proven Contractual Reserves (PCR). Base TPD fully secured under Take-or-Pay provisions of the primary COA.
1.2
Probable Expansion Reserves (PER). Planned scaling milestones based on ROFR clauses and population growth projections.
1.3
Legacy Accruals. Material from closed landfills or ash ponds via Exogenesis precursor protocol.
2
Elemental Assay & Atom-Count Discipline
Actor: Licensed Practitioner
Resolution of complex feedstock into a molecular mass inventory. Every element (C, H, Fe, Al, Si, and 80+ others) cited at sovereign database Table/Row level.
2.1
Traceability. Every weight percentage cited at specific Table and Row level to survive forensic institutional audit.
2.2
Uncertainty Modeling. Explicit uncertainty bands via RSS propagation (e.g., Carbon ±2.1%).
3
Institutional Attestation & Compliance
Actor: Outside Auditor (SGS / Intertek)
Mandatory independent audit by an Authorized URVS Auditor. The Institutional Shield. Output: formal Certificate of Protocol Compliance, allowing lenders to accept scientific data as fact.
4
Integrated Feedstock Asset Valuation (IFAV)
Actor: Sector-Specialist Financial Firm (Wood Mackenzie)
Financial perfection based on Gross Manufactured Feedstock Value (GMFV). LME/Platts commodity pricing applied to verified molecules. Valuation based on diversified Refined Product Mix.
4.1
Weighted Yield Mix. Conversion of atoms into diversified product mix (C into Graphite, Carbon Black, CNTs, etc.).
4.2
Term Perfection (Vₖₛₗₙ). 30-year compounded model integrating TMC growth, Royalty increases, and commodity inflation.
Formula — Per-Ton Value (Vₖₛₗ)
Vₖₛₗ = TMC + Σ[(Element Mass) × Σ(Product Yield % × Market Price)]
Vₖₛₗ = integrated per-ton asset value from weighted sum of each element’s market-indexed product yields
Vₖₛₗₙ = Σ(n=0→29) [TMC·1.025ⁿ + GEV·1.03ⁿ + Royalty·1.01ⁿ] × (1.08)⁻ⁿ × 35,000 t/yr
5
Refined Asset Value (RAV) & Yield Agility
Actor: Licensed Practitioner — CURRENT STAGE
The application of the ACM Materials Strategy to operational yields. Demonstrates the Technical Alpha of the project.
5.1
Valuation Ceiling. RAV anchored to conservative RevCon™ 3 Baseline for bankability. RC4/RC5 profits excluded from primary balance sheet. Lender comfort ensured.
5.2
Zero Stranded Product Guarantee. Through Recursive Refinement, any material not extracted at a specific tier is reflowed as Refined Intermediate for higher-tier refinement. 100% material utilization. Every atom contributes to long-term bankable value.
URVS Stage 5 Certified

Refined Asset Value
Confirmed

The ACM Scenario Analysis reflects a URVS Stage 5 RAV across four scenarios and six facility scales. The interactive dashboard includes the Urban Reserve Asset Value Statement and full cross-scenario comparison.

Open Scenario Dashboard → RevCon™ 116-Product Reference