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Great Eagle Gold Corp. is a Canadian public company listed in the U.S. and Germany, specializing in NatGold mining. NatGold combines gold's wealth protection, ESG principles, and digital asset innovation. The company acquires NI 43-101 certified gold resources to digitally mine into NatGold coins through OroEx Corp's tokenization ecosystem. Great Eagle's focus is on acquiring U.S. Patented Land Claims to monetize gold's value in an ESG-friendly manner.
President and Director Andrew Fletcher leads the company in building a globally focused enterprise with listings in the U.S. (OTC Pink: GEGCF), Frankfurt, and Canada. By offering private placement opportunities and stock options, Great Eagle aims to attract global investors and enhance shareholder value.
Great Eagle Gold Corp. (GEGC) has signed a Letter of Intent to acquire a 100% interest in 3 patented mining claims containing 240,100 ounces of NI 43-101 certified inferred gold resources from New Path Resources Inc. The claims are part of the Northshore Gold Property in Ontario. The acquisition cost is set at CDN$1,000,000, with an initial option payment of CDN$100,000 and the remaining balance due within one year.
Upon tokenization by NatGold Digital, the deposit would yield 48,020 NatGold Tokens, of which Great Eagle would receive 40,817 tokens (85%). This acquisition supports Great Eagle's exclusive partnership with NatGold to provide resources for generating the first 2.5 million NatGold Tokens. The purchase price may be adjusted based on gold price fluctuations during the option period.
Great Eagle Gold Corp. (GEGCF) has announced a strengthened strategic partnership with NatGold Digital , superseding their previous agreement. The partnership focuses on launching NatGold's digital mining ecosystem, which tokenizes certified in-ground gold resources.
Key aspects of the agreement include: Great Eagle's exclusive rights to supply mineral rights for the first 2.5 million NatGold Tokens, followed by five years of priority queuing rights. In return, Great Eagle will issue 5 million common shares to NatGold Digital in two tranches of 2.5 million each, tied to tokenization milestones.
Additionally, Great Eagle has closed a private placement raising $374,085 through the issuance of 1,870,425 units at $0.20 per unit. The company has also announced a new financing initiative aiming to raise up to $1,000,000 through a private placement of up to 5,000,000 units at $0.20 per unit.
Great Eagle Gold Corp. (GEGCF) has appointed Michelle Ash as Director and Chairwoman of the Board, replacing Chris Hansen who remains as Director. Laura Pacheco has resigned from the Board. Ash brings 30+ years of mining industry experience, notably serving as Chief Innovation Officer at Barrick Gold and COO at Acacia Mining. She specializes in digital transformation, innovation, and sustainable mining practices.
The company will host an Investor Information Webinar on November 7, 2024, focusing on updates regarding their progress in tokenizing certified in-ground gold resources and NatGold ecosystem developments. Great Eagle's business model centers on digital mining through blockchain technology, partnering with Abu Dhabi-based NatGold Digital
The Canadian Investment Regulatory Organization (CIRO) has requested clarification from Great Eagle Gold regarding its June 24, 2024 press release about the Cahuilla Gold Project in California. The project was initially reported to have indicated gold resources of 1,420,660 ounces and inferred resources of 82,487 ounces. These resources are eligible for the minting of 584,761 NatGold coins, valued at over $560 million. Great Eagle clarified that these figures are based on a technical report dated March 10, 2021, prepared by Steven D. Craig in compliance with NI 43-101 standards. The coin valuation is based on the International NatGold Council's standards, with each NatGold Coin representing one certified ounce of gold valued at $958 per ounce. Further details on the calculation can be found on the council's website.
Great Eagle Gold Corp. (CSE: GEGC, OTC Pink: GEGCF, FSE: GI8) announced the pre-approval for tokenizing its Cahuilla Gold Deposit in California into NatGold coins by OroEx Corp. The project has 1,420,660 indicated and 82,487 inferred gold resources, qualifying it for 584,761 NatGold coins valued over $560M. Of these, 470,733 coins will be retained by Great Eagle, with 47,073.3 allocated for shareholder dividends. The acquisition deal with Teras Resources totals $18,376,904, divided into two phases. Great Eagle aims to acquire 3 million ounces of tokenization-ready gold deposits by end-2024. The final tokenization approval is pending completion of the Definitive Agreement. A non-brokered private placement for up to $1M is also announced, with funds intended for due diligence, liabilities, and working capital.
Great Eagle Gold Corp. (CSE: GEGC, OTC Pink: GEGCF, FSE: GI8) announced its shares are now trading on the U.S. OTC Pink Open Market, broadening its global reach. President Andrew Fletcher highlighted this as a strategic move for attracting international investors. Additionally, Great Eagle plans a private placement to raise up to $1,000,000. Each unit, priced at $0.35, includes a common share and a warrant, exercisable at $0.75 for 24 months. The funds will go towards acquisition due diligence, current liabilities, and working capital. The company also granted 60,000 stock options to its Environmental Committee.
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