Staff Insights

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.

FAQs

Why does NatGold only recognize certified gold resources and not certified gold reserves when determining tokenization ratios?2024-04-20T23:34:04+00:00

The essence of NatGold’s valuation lies in its innovative approach to digital mining, which capitalizes on the inherent value of gold’s existence rather than its physical retrievability. This method relies on the assessment of certified gold resources, which quantify the presence of gold irrespective of its extraction feasibility. Conversely, certified gold reserves evaluate the economic viability of extracting these resources, a consideration irrelevant to NatGold’s mission. The International NatGold Council upholds a philosophy that sidesteps the environmentally and financially costly process of physical extraction in favor of a more sustainable, digital approach.

By choosing to tokenize gold based on its certified existence, NatGold challenges the traditional mining paradigm, rendering the debate over extraction viability moot. This shift not only aligns with environmental conservation efforts but also redefines the utility of gold as a store of wealth. It renders the act of extracting gold only to secure it in vaults both illogical and wasteful. Through digital tokenization, NatGold ensures that gold can fulfill its monetary role while remaining undisturbed in the earth, showcasing a practical commitment to ESG principles and making a clear case for the absurdity of conventional extraction methods.

What is the NatGold Bilateral Bridge?2024-04-21T19:42:36+00:00

The NatGold Bilateral Bridge is a pivotal technological infrastructure within the NatGold ecosystem, designed by OroEx Corp. to connect the private ledger of the NatGold Digital Vault with the NatGold NatGold Multichain where NatGold coins are actively stored, distributed, and traded globally. This bridge plays a critical role by facilitating the seamless and secure transfer of NatGold coins from their post-tokenization crediting in the Digital Vault to their respective public blockchain addresses.

Essential to both operational oversight and regulatory compliance, the NatGold Bilateral Bridge utilizes advanced technologies such as smart contracts, APIs, and cryptographic security measures. These tools ensure that the transfers and tracking of NatGold coins are conducted securely and efficiently, thereby preserving the integrity and trustworthiness of the digital asset management system. This infrastructure not only supports the smooth functioning of the NatGold ecosystem but also enhances its capacity for strategic decision-making and regulatory adherence.

Who are “Qualified Persons,” and how is their independence guaranteed?2024-04-20T23:30:49+00:00

“Qualified Persons” (QPs) are integral to the Canadian National Instrument 43-101 (NI 43-101) standards for mineral project reporting. These professionals must have a minimum of five years of experience in the area of mineral exploration, mining, or project evaluation related to the deposit type and activity being reported on. Importantly, QPs are required to be members in good standing of a recognized professional association, such as the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC), among others across Canada and internationally that uphold similar professional standards and ethical codes.

The independence of QPs is critical to maintaining the credibility of NI 43-101 reports. To ensure impartiality:

Professional Ethics and Standards: As members of reputable professional associations, QPs adhere to strict ethical codes that mandate integrity and objectivity in their assessments.

Regulatory Criteria for Independence: NI 43-101 defines clear criteria to prevent conflicts of interest, ensuring that QPs do not have a vested interest in the projects they report on, beyond their professional fees for services rendered.

Mandatory Disclosure: QPs must disclose any potential conflicts of interest in their reports, including financial interests or any relationships with the company that could be perceived as compromising their independence.These measures guarantee that mineral resource estimates and technical evaluations are conducted following the highest standards of professional conduct, offering a reliable and unbiased perspective to investors and the public.

Isn’t silver considered to have monetary utility, similar to gold? What happens when there are certified silver resources in addition to the primary deposit of certified gold resources? Is the silver given any gold equivalent value?2024-05-01T17:22:10+00:00

It’s extremely common for a gold deposit to include significant amounts of other metals—both precious and otherwise—alongside the gold. Silver is one such metal that frequently occurs with gold and has a rich monetary tradition alongside its “big monetary brother.”

Silver has always played an important monetary role throughout history. Sometimes referred to as the “common man’s gold,” silver was historically used for more routine commercial transactions of a smaller nature, whereas gold fulfilled larger transactions. The true monetary history of the world is bimetallic: gold and silver.

One significant difference between gold and silver is that over time, the monetary utility of silver became overshadowed by industrial usage, which accounts for about 60% of its utility. Thus, its monetary utility is no longer its primary utility, whereas with gold, its store of wealth utility remains its primary function.

Because silver plays an important role in the global investment world, with as much as 40% of its demand for investment and store of wealth purposes, it is important to recognize their value. Therefore, in models like NatGold, certified silver resources are valued on their gold equivalent ratio basis. This means that the NI 43-101 certified silver resource is converted into its gold equivalent value within the same resource category; inferred, indicated, or measured resources.

It is important to note that NatGold’s legislative policies are focused on gold as the primary element of tokenization. The silver resources to which we are referring would be a by-product resource that occurs along with the primary certified gold resource.

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.