Staff Insights

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.

FAQs

What are NatGold Miners?2024-05-03T15:38:38+00:00

NatGold Miners, often called natural gold or green gold miners, are primarily gold exploration companies or producers that focus on developing new or acquiring existing gold deposits with National Instrument 43-101 (NI 43-101) certified resources. Operating within jurisdictions with NatGold legislation, their main activity is “swapping or exchanging” mining titles for an equivalent quantity of NatGold coins through tokenization. This method bypasses traditional gold mining by utilizing legal frameworks that allow the digital tokenization of in-ground gold resources. Consequently, these resources are mined digitally in an ESG-friendly manner, avoiding the negative environmental and social impacts typically associated with physical extraction. This process effectively unlocks gold’s monetary value without the detrimental effects. NatGold Miners are instrumental in the expansion of the NatGold ecosystem, fostering the sustainable and digital monetization of gold resources.

Why is the elimination of fees and royalties crucial in NatGold legislation?2024-05-03T15:33:15+00:00

To ensure the NatGold industry’s integrity and sustainability, it’s critical to eliminate ongoing state fees and royalties tied to traditional mining titles. Such ongoing annual costs, if applied, necessitate the issuance of new NatGold coins to cover them, risking the one-to-one correspondence between NatGold coins and certified gold resources. This could potentially dilute NatGold coins’ monetary integrity by introducing the possibility of devaluation within the ecosystem. Therefore, abolishing these fees and royalties is paramount to preserving NatGold coins as a reliable and devaluation-resistant store of value, safeguarding against the depreciation that could arise from ongoing state-imposed costs.

Why is NatGold mining considered ESG-friendly?2024-04-21T15:42:57+00:00

NatGold mining is considered environmentally, socially, and governance (ESG)-friendly because it promotes the monetization of natural gold resources without the physical extraction of gold from the earth. This innovative approach involves the tokenization of National Instrument 43-101 (NI 43-101) certified gold resources, which are kept in their natural state underground. Unlike traditional gold mining, NatGold mining does not involve the environmentally and socially detrimental activities typically associated with the extraction and processing of physical gold, such as land degradation, water pollution, and the displacement of communities.

Furthermore, NatGold mining eliminates the need for the extensive security measures, transportation, storage, and insurance required for physical gold, thereby reducing the carbon footprint and enhancing the sustainability of gold as a financial asset. By leveraging digital tokenization, NatGold provides a stable, secure, and flexible supply of monetary assets that meets modern financial system demands without the negative environmental and social impacts of traditional gold mining practices. This positions NatGold as a pivotal component in sustainable finance, offering an ESG-friendly alternative to conventional methods of gold monetization.

Why Must NatGold Legislation Ensure Perpetual-Like Protection for Titles?2024-04-20T23:28:00+00:00

Perpetual or perpetual-like title protection in NatGold legislation is vital to ensure that NatGold coins, which are backed by certified green gold resources, remain a reliable store of value. Traditional mining titles are generally issued by governments for fixed periods, such as 20 or 30 years, allowing companies to explore and exploit subsurface mineral rights. However, for a monetary asset like NatGold coins, the backing asset—certified gold resources—must not expire. Money, unlike perishable goods, should not have a shelf life.

Perpetual title protection ensures that the value represented by NatGold coins is enduring and stable, thereby upholding the monetary integrity of NatGold as a dependable and long-lasting store of value. This approach aligns with the foundational principles of sustainable and ethical finance, ensuring that NatGold remains a viable and attractive option for investors and stakeholders in the long term.