PROVIDING COMMODITY FROM
OFF-WORLD GOLD MINES
Asteroid Mining Project
HOW CLOSE ARE WE TO MINING ASTEROIDS? WHAT IS THE SPACEGOLD’S ROLE?
WHAT IS SGOLD?
SpaceGold is an Asteroid mining project to bring back Gold and Platinum metals to Earth. There have been efforts from companies like Planetary Resources in the past in this area, but they couldn’t pinpoint a feasible approach to process the metals in Space. Well… we have found the answer, put a patent on it, and we are aiming to deliver Gold from Space in 2025 for the first time! Meanwhile that our industry is on the trend because of Donald Trump’s Executive Order to support mining space resources and the moon mining, we decided to initiate our IEO beside the traditional financing approaches that we already are pursuing.
We designed a Gold streaming cryptocurrency backed by physical Gold we will bring back from Space, called SGOLD which is a goldstreaming contract in the form of an ERC20 token, regulated by the CFTC, and registered with FinCen in the United States. Each SGOLD is a digital streaming contract that at a minimum entitles the holder to a total of 240 milligrams over the useful life of the mining satellites we build. The value of 240 milligrams gold is $13 today. The maximum value takes place when our R&D component succeeds. Then the token holders can claim up to 0.1 oz of gold ($170 today) per SGOLD.
Funds from the investment in SGOLD will be used for engineering, fabricating, launching, and operating 9 satellites over the next 40 months that are equipped with proven asteroid mining and refining technology that SpaceGold Corporation owns.
The SpaceGold Platform
Gold in Meteorites
Metal resources found in the most common iron-based meteorites are much richer than Earth’s crust. Taking gold as an example, on average, there is 4.7 parts per million gold in a common type of meteorite vs 0.004 part per million gold in Earth’s crust. So these baby asteroids (and their mother asteroids) are more than 1000 times richer in gold compared to our planet’s crust. We have always dreamed of mining these asteroids but it has not been achievable until now. In recent years, the technical and legal processes have been implemented to successfully commercialize a space mining mission. The new decade is all about abundance from off-world resources while saving our planet earth from the over-extraction of its own resources.
Gold in Meteorites And in the Earth’s Crust by United States Department of the Interior, 1968