CENTRAL CITY, Colo.--(BUSINESS WIRE)--Moria Token (MOR), the world’s first ERC-20 compliant token that is sponsored by a US-based gold mine, today announced its launch on the trading platform IDEX.io, one of the world’s most advanced decentralized cryptocurrency exchanges. Members of the international community who register as IDEX customers can now trade Moria Token (MOR) on the IDEX international exchange.
The Moria Token (“Moria”) symbol MOR is an ERC-20 compliant token representing an interest in certain royalties generated from each of the Bates Hunter Mine (“Bates”), the Clay County Mine (“Clay”), the Becker Bates (“Becker”), the Gregory-Bates (“Gregory”), the Black Eagle Mill (“Black Eagle”), and the Golden Gilpin Mill (“Gilpin”) in Colorado and any additional mines or mills purchased or developed by GS Mining Company, LLC (collectively, the “Mines”).
Moria is the world’s only royalty paying token based on production revenue by a mining company operating a gold mine in the United States. The token offers its holders the opportunity to gain from the trading value of the Tokens themselves, as well as in royalties generated from the gold mining revenue. Each Moria Token (MOR) is entitled to its pro-rata share of royalty payments equal to the greater of 10% of annual gross revenues generated by the Company, or a minimum of $0.20 per token annually.
“We are excited that IDEX is listing Moria Token on its international exchange,” says Deborah King, CEO of GS Mining Company. “We’ve been very impressed with IDEX’s customer support, platform ease of use, their forward-looking innovation, and growth potential. We look forward to a long and successful relationship. We believe this will provide an avenue to liquidity for our international investors. This is truly a golden opportunity.”
"We're happy to collaborate with GS Mining Company and provide the MOR token a safe place to trade,” said Alex Wearn, CEO of IDEX.
Operating on the Rocky Mountains’ front range, GS Mining Company is a committed guardian of the beautiful and historic communities of Central City and Black Hawk. Mining as an industry is historically characterized by exploitation of the environment. We are rewriting that story with every drop of water, every ton of soil, and every ounce of gold that we pull out of the ground. The company mines and mills operate and maintain strict Environmental, Social and Governance (ESG) Principles. Investors can be confident that the operations are of the highest safety and ethical mining standards worldwide and have the security of knowing that mining and milling operations are conducted in an environmentally and ethically safe manner.
About GS Mining Company
GS Mining Company intends to profit by locating, rehabilitating and re-opening closed gold mines which the Company believes may contain undeveloped gold vein systems. The Company has identified and acquired options to three such mines and entered into long term leases on additional mining properties. The Company continues to seek out additional similar opportunities. In each case the Company intends to make decisions based upon existing historical records, the experience of Company employees and experts, and geologic reports.
View GS Mining Company’s 2020 End Of Year Report and Look Ahead To 2021, visit:
https://www.youtube.com/watch?v=sl5Dj_05oQk
View the full ESG standards:
https://gsminingcompany.com/environmental-social-governance
Learn more about the Moria Token (MOR) and its royalty structure:
https://gsminingcompany.com/moria-token
GS Mining Company, LLC (the “Company”) has no financial or legal interest in IDEX. The Company makes no representations or warranties concerning the security, safety, legality or advisability of conducting any business with IDEX or trading on any of the IDEX platforms. Token holders and investors are urged to conduct their own inquiries and consult with their own financial and legal advisors about whether or not using the IDEX platform is advisable or appropriate for them. The Company has yet to produce any revenue and investors should be aware that they may lose their entire investment.
CAUTIONARY STATEMENT FOR PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This report may be deemed to contain “forward-looking” statements. We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and we are including this statement for the express purpose of availing ourselves of the protections of such safe harbor with respect to all of such forward-looking statements. Examples of forward-looking statements include, but are not limited to (i) projections of revenues, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure and other financial items, (ii) statements of plans and objectives of ours or our management or Board of Directors, including the introduction of new products or services, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (iii) statements of future economic performance and (iv) statements of assumptions underlying other statements and statements about us or our business.
Our ability to predict projected results or to predict the effect of any legislation or other pending events on our operating results is inherently uncertain. Therefore, we wish to caution each reader of the report to carefully consider specific factors, including competition for products, services and technology; the uncertainty of developing or obtaining rights to new products, services or technologies that will be accepted by the market; the effects of government regulations and other factors discussed herein because such factors in some cases have affected; and in the future (together with other factors) could affect, our ability to achieve our projected results and may cause actual results to differ materially from those expressed herein.
For more information, email mediarelations@gsminingcompany.com, visit https://gsminingcompany.com/moria-token/ OR https://gsminingcompany.com/media/, follow GS Mining Company on Facebook (@GSMiningCompany), Twitter (@GSMiningCompany) and YouTube (@GSMiningCompanyLLC) and Moria Token on Facebook (@MORToken) and Twitter (@Moria_Token).
Investors outside of the United States are encouraged to contact the Company at investments@gsminingcompany.com or visit the Company's website at https://gsminingcompany.com/moria-token.
