The U.S. Fortuitously Leads the NatGold™ Industry; Well, More or Less

The U.S. Fortuitously Leads the NatGold™ Industry; Well, More or Less

The journey toward digitizing gold through NatGold™ tokenization has unveiled a unique competitive edge for the United States, thanks to its historic U.S. Patented Land Claims system. Established in the mid-19th century, this system inherently possesses the qualities essential for participating in the NatGold ecosystem, placing the U.S. at a significant, albeit limited, advantage in the global race toward tokenizing mining titles containing National Instrument 43-101 (NI 43-101) certified gold resources.

Go West My Son

Tracing its roots to the General Mining Act of 1872, the U.S. Patented Land Claims system was enacted to encourage the exploration and extraction of mineral resources on public lands. Under this legislation, individuals and corporations could stake a claim and, upon proving the presence of valuable minerals, receive a government-issued patent. This patent conferred ownership of both the land’s surface and the minerals beneath to the claimant. The responsibility for issuing these patents fell to the General Land Office, the forerunner of the modern-day Bureau of Land Management (BLM).

This system played a pivotal role in the mining landscape for over a century, underpinning the development of the American West by facilitating land acquisition for mining. Nevertheless, the latter part of the 20th century saw a shift. Faced with escalating environmental concerns and a heightened appreciation for the communal value of the remaining federal lands, Congress imposed a moratorium in 1994. This decision significantly restrained the issuance of new mineral patents, although it did make provisions for existing claims that had fulfilled all prerequisites prior to the moratorium.

A Serendipitous Convergence with NatGold

The alignment of the U.S. Patented Land Claims with the International NatGold Council’s suggested legislative policies to support a robust NatGold industry could hardly have been better synthesized.

U.S. Patented Land Claims stand out as privately held mining rights, a stark contrast to public lands where mining rights are typically subject to lease or license. These claims confer ownership of both the land’s surface and the valuable minerals beneath, allowing the holders rather than the state to dictate the terms of mineral resource management. Furthermore, there are no ongoing fees to the government to maintain these titles in good standing.

What sets these claims apart is their fully transferable nature, allowing for purchase, sale, or inheritance. This transferability ensures a robust investment and development platform. The claims’ perpetuity means they remain in force indefinitely, without reverting to government control, a key benefit for the NatGold industry, as it guarantees the seamless transfer of titles necessary for digital tokenization.

Financially, the burden on patented land claim owners is light, with property taxes often amounting to mere hundreds of dollars annually. This minimal financial commitment further bolsters their appeal as prime candidates for tokenization into NatGold coins.

A Strategic Path Forward

While the benefits of the existing system are clear for current U.S. Patented Land Claim holders with titles containing National Instrument 43-101 (NI 43-101) certified gold resources, it leaves other mining entities and newcomers eager to partake in the anticipated NatGold green rush on the sidelines.

The potential of the U.S. Patented Land Claims system as a unique lever in the digital gold sector is undeniable. However, to fully tap into this reservoir of opportunity, the U.S. must rethink its stance on the moratorium, consider adopting non-extraction digital mining policies as a prerequisite to registration, or craft entirely new legislation tailored to these ends, similarly to that proposed by the International NatGold Council for the rest of the world.

Lifting the moratorium and revising the legislative framework to prioritize non-production digital mining could unlock vast potentials of federal lands for a new era of the digital gold rush. This shift not only promises significant tax revenue and a surge in green employment opportunities but also paves the way for a more inclusive, sustainable future in mining. By embracing these changes, the United States could amplify its standing as a global leader in ESG innovation and industrial modernization while unlocking a significant new contributor to the country’s economic growth.

While other countries on the cusp of implementing the pro-digital gold mining policies advocated by the International NatGold Council, the United States has already inadvertently staked its leadership claim in the burgeoning worldwide NatGold industry through its U.S. Patented Land Claim legacy program. The question now is whether the U.S. will act quickly enough to maintain its fortuitous lead.

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FAQs

Are NI 43-101 Technical Reports considered the “gold standard” among international financial community?2024-04-20T23:32:21+00:00

Yes, NI 43-101 Technical Reports are often considered the “gold standard” within the international financial community for mineral project reporting. This reputation stems from their rigorous standards for transparency, accuracy, and detail in reporting mineral resources and reserves. Developed under the guidelines set by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), these reports require comprehensive disclosure and are overseen by qualified professionals who must adhere to strict ethical and professional standards.

The NI 43-101 Technical Report is the preferred choice for mining financiers worldwide when assessing potential funding for mining operations. As a result, NI 43-101 reports are uniquely recognized and accepted by all major global stock exchanges, further solidifying their status as the most widely trusted and authoritative source for certifying gold resources.

The higher degree of certainty and reliability associated with NI 43-101 reports, as compared to other international standards, ensures that investors, financiers, and other stakeholders have the most dependable information at their disposal when evaluating the potential of gold mining projects. This level of trust has established the NI 43-101 reports as the benchmark for gold resource reporting, thereby justifying their recognition as the “gold standard” in the industry and the only standard acceptable for tokenization into NatGold coins.

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.

What does ESG stand for?2024-04-21T15:19:38+00:00

ESG stands for Environmental, Social, and Governance. These three broad categories are used to evaluate the sustainability and ethical impact of an investment in a company or business. Here’s what each component generally focuses on:

Environmental criteria consider how a company performs as a steward of nature. This includes its energy use, waste, pollution, natural resource conservation, and treatment of animals. The criteria can also help evaluate any environmental risks a company might face and how the company is managing those risks.

Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. This can include labor practices, employee health and safety, and the company’s impact on the communities where it operates.

Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. This aspect looks into how a company is governed, particularly in terms of transparency, accountability, and business ethics.

These factors are increasingly important to investors, as they can affect a company’s profitability, risk profile, and overall sustainability.

What is the NatGold Digital Vault?2024-04-21T19:41:01+00:00

The NatGold Digital Vault, operated by OroEx Corp., is a crucial component of the NatGold ecosystem, specifically engineered to tokenize, securely manage, and store NatGold Coins before their distribution, storage, and trading on the NatGold Multichain. These coins result from the tokenization of mining titles containing NI 43-101 certified gold resources. The vault utilizes ledger-based technology that incorporates some blockchain principles, such as ledgering and digital signatures. However, it remains a closed system to ensure controlled access and enhanced security, distinguishing it from public blockchains, which are accessible by the general public.

This Digital Vault is designed with a robust security architecture to safeguard sensitive information. It operates on a closed ledger system, which allows for stringent control over all transactions related to the creation and distribution of NatGold Coins. To maintain data integrity and prevent tampering, each transaction is securely hashed using advanced cryptographic algorithms. Additionally, comprehensive audit trails capture detailed logs of all operations, enhancing the vault’s compliance and auditability.

Access to the NatGold Digital Vault is tightly regulated through sophisticated authentication mechanisms, ensuring that only authorized personnel can interact with or access the system. This is further supported by role-based access control, which assigns different levels of permissions based on the specific roles of the participants. The physical and network security measures in place, including encryption of sensitive data and regular security audits, ensure that the vault remains not only compliant but also resilient against unauthorized access and data breaches. This combination of privacy, security, and transparency makes the NatGold Digital Vault a pivotal element in maintaining the integrity and trustworthiness of the NatGold ecosystem.

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.