Staff Insights

The NatGold Integrity Trust, established by the International NatGold Council and incorporated in Delaware, plays a critical role in the NatGold ecosystem. As the pivotal entity overseeing the tokenization of NatGold mining titles into NatGold coins, the Trust also holds custody of these titles, ensuring the integrity and transparency of the process.

The Trust’s operation involves a meticulous approval process for tokenizing NatGold mining titles, managed by three independent trustees appointed by the International NatGold Council. These trustees, experts in securities law and NI 43-101 resource reporting, conduct their roles without direct financial interests in the industry participants, underscoring the Trust’s commitment to unbiased and ethical governance.

Upon approval, the NatGold Integrity Trust deposits the mining titles, corresponding NI 43-101 Technical Reports, and accompanying due diligence materials into the NatGold Digital Vault. Here, the certified gold resources are digitally tokenized into NatGold coins based on standardized ratios set by the International NatGold Council. This ensures that every NatGold coin is backed by verified gold resources, maintaining the system’s integrity and offering a transparent digital asset backed by tangible value.

FAQs

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.

Why are NI 43-101 certification standards essential in NatGold legislation?2024-04-20T23:30:11+00:00

Certification standards play a pivotal role in the NatGold ecosystem, with only titles containing certified gold resources under the National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects being eligible. Established by the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM), NI 43-101 certified gold resource reports are the benchmark in global gold mining and finance and the most widely accepted reporting standard by all major world stock exchanges.

The meticulousness of NI 43-101 in auditing and validating the existence of gold resources ensures unparalleled reliability, making it the most trusted metric for mining financiers worldwide. This level of certainty and quality is crucial for NatGold legislation, ensuring that only the most accurately quantified and scientifically backed gold resources are tokenized, maintaining the highest standards of integrity and trust in the NatGold ecosystem.

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.

Who is OroEx Corp., and what is their role within the NatGold ecosystem?2024-04-21T19:10:09+00:00

OroEx Corp., based in New York, NY, is the founder and exclusive operator of the NatGold ecosystem, a comprehensive hybrid ledger/blockchain-based platform that facilitates the tokenization, storage, distribution, and global trading of NatGold coins within a DeFi framework. OroEx ensures that all components of its operations are fully auditable, transparent, and strategically managed.

The NatGold ecosystem encompasses several key components:

NatGold Digital Vault: Actively facilitates the tokenization process and safeguards all related documentation by securely recording and managing tokenized assets.

NatGold Bilateral Bridge: Facilitates seamless interactions between the ledger system and blockchain networks.

NatGold Multichain: Supports the global distribution, storage, and trading of NatGold coins.

NatGold Media DApp: Delivers continuous communication and updates on the NatGold industry within the DeFi universe, keeping stakeholders informed and engaged.

Each component works in concert to ensure a secure, transparent, and regulatory compliant environment, making the NatGold ecosystem the essence of the global NatGold industry.

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.