Staff Insights

While U.S. Patented Land Claims offer a clear pathway for tokenization within the NatGold industry, given the presence of certified gold resources, the opportunity to obtain new Patented Land Claims was effectively closed in 1994. That year, the United States Congress enacted a moratorium that significantly restricted the issuance of new mineral patents, although it grandfathered existing claims that had fulfilled all requirements before its enactment.

To develop a truly global NatGold market, there is an urgent need for NatGold legislation that accommodates the digital mining of all certified gold resources. This legislation is critical not only at the federal and state levels in the United States but also internationally, aiming to establish a cohesive, globally recognized standard for the NatGold industry.

FAQs

What is the International NatGold Council?2024-04-20T23:26:47+00:00

The International NatGold Council, initially known as the International Green Gold Council, was founded in December 2023 in Geneva, Switzerland, by New York-based OroEx Corp. as a Swiss commercial foundation.

Structured as an independent governing body, the Council functions separately from industry participants, including its founding entity, OroEx Corp. Its Board of Directors consists of an exceptionally experienced and diverse team of individuals with international expertise.

What are the distinct roles of the Canadian Securities Administrators (CSA) and the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM) in relation to NI 43-101 reports?2024-04-20T23:31:01+00:00

The roles of the Canadian Securities Administrators (CSA) and the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM) in the context of National Instrument 43-101 (NI 43-101) are distinct yet complementary:

1. Canadian Securities Administrators (CSA):

Regulatory Role: The CSA is responsible for regulating securities laws in Canada, including the enforcement of NI 43-101. Its primary function is to ensure compliance with the rules and standards set for the public disclosure of scientific and technical information on mineral projects.

Investor Protection: The CSA aims to protect investors by ensuring that the disclosures about mineral projects are truthful, complete, and comply with the regulations, thus helping investors make informed decisions.

2. Canadian Institute of Mining, Metallurgy, and Petroleum (CIM):

Standards Development: The CIM is instrumental in developing the definitions and standards that are incorporated into NI 43-101. They provide the framework and guidelines used to report on mineral resources and reserves.

Expertise and Guidance: CIM offers guidance based on the expertise of professionals in the mining industry. This includes best practices in documentation and reporting that companies must follow to align with NI 43-101 standards.Essentially, while the CIM provides the technical definitions and standards, the CSA enforces these standards within the legal framework of the Canadian securities market, ensuring that all public disclosures meet these established criteria. This system ensures that both the technical accuracy and regulatory compliance are maintained in the reporting of mineral projects.

What is NatGold?2024-05-03T15:18:49+00:00

NatGold, sometimes referred to as “green gold,” represents the concept of monetizing natural gold—gold that is left unextracted and remains in the ground. The distinctiveness of NatGold lies in the method of capturing its value, making it a superior choice for monetary purposes compared to its above-ground counterpart, which serves better for industrial, jewelry, and luxury uses.

The value of NatGold is realized through the tokenization of NI 43-101 certified gold resources, which are fundamental to all investment decisions related to gold mine financing for extraction purposes. By being digitally mined and kept in its natural state, NatGold provides a plentiful supply to meet flexible monetary demands without the need for the security, storage, transportation, and insurance required for physical gold.

Moreover, NatGold is ESG-friendly (Environmental, Social, and Governance), positioning NatGold as a positive force for sustainable finance, in stark contrast to the significant environmental and social impacts associated with above-ground gold extraction and processing.

What is the NatGold ecosystem?2024-04-21T19:08:58+00:00

The NatGold ecosystem is a comprehensive hybrid ledger/blockchain-based platform designed to facilitate the tokenization of qualifying mining titles containing certified gold resources into NatGold coins, ready for storage, distribution, and global trading within a DeFi framework. Operating in a fully auditable, transparent, and strategically managed manner, the ecosystem encompasses key components such as the NatGold Trust, NatGold Digital Vault, NatGold Bilateral Bridge, NatGold Multichain, and NatGold Media DApp. Together, these elements ensure a secure, transparent, and regulatory compliant environment, exemplifying a robust NatGold framework.

Why are NI 43-101 Technical Reports automatically accepted by the U.S. Securities and Exchange Commission (SEC) under Regulation S-K 1300, whereas technical reports from other nations are not?2024-04-20T23:32:08+00:00

NI 43-101 Technical Reports are automatically accepted by the SEC under Regulation S-K 1300 due to their strict adherence to the regulation’s rigorous standards, which prioritize detailed, transparent, and reliable disclosures of mineral resources and reserves. These reports are developed by the Canadian Securities Administrators and set a high standard for the public disclosure of scientific and technical information concerning mineral projects. This includes stringent requirements for the qualifications and responsibilities of “Qualified Persons” who verify the reports, ensuring that the disclosed information is both accurate and verifiable.

In contrast, reports from other standards like JORC (Australia) or SAMREC (South Africa) might require additional reconciliation to align with S-K 1300. While these standards are internationally aligned to the CRIRSCO templates, which share common core definitions and guidelines with S-K 1300, they often have slight variations in definitions and reporting criteria. These differences mean that technical reports from these and other non-Canadian jurisdictions may need to demonstrate their compliance with S-K 1300’s specific requirements through detailed reconciliation, making them not automatically acceptable like NI 43-101 reports.