Welcome to our dedicated page for Santo Mining news (Ticker: SANP), a resource for investors and traders seeking the latest updates and insights on Santo Mining stock.
SANTO MINING CORP (symbol: SANP) is a publicly traded company engaged in the acquisition, exploration, and development of mineral properties. The company's primary focus is on the mining sector, specializing in the extraction of valuable metals like gold and silver. SANTO MINING CORP is committed to advancing its projects through strategic partnerships, cutting-edge technology, and sustainable practices to maximize shareholder value.
Recent achievements include securing new exploration licenses and forming strategic alliances with industry-leading firms. The company is currently working on several promising projects aimed at expanding its resource base and enhancing production capabilities. Financially, SANTO MINING CORP has shown resilience and growth potential, backed by a solid management team with extensive industry experience.
SANTO MINING CORP continuously strives to innovate and improve its operations, ensuring a competitive edge in the mining industry. The company's products are highly sought after in the global market, catering to various industrial and investment needs. Stay updated with the latest news on SANTO MINING CORP to follow their ongoing developments and successes.
Santo Mining Corp. (OTC PINK:SANP) has entered an NFT software development agreement with Vegachi Holdings SAS to create NFTs linked to gold mining land rights. Santo will earn a 3% transaction fee on NFT sales and a 1.5% royalty on future transactions. This contract aims to showcase Santo's NFT development experience and ensure recurring revenue through innovative blockchain solutions. Vegachi Holdings owns 345.94 acres in Colombia, with a geological test indicating 18 grams of gold per metric tonne. Colombia produced 26.8 tonnes of gold in 2020, highlighting the region's potential.
Santo Mining Corp. (OTC PINK:SANP) has announced its plans to develop the Badbunniez NFTs on the CHIMBA Blockchain, marking the first R-rated generative NFT drop on this platform. The company aims to release 11,111 Badbunniez NFTs by late Q1 or mid Q2 2023. Inspired by popular games, the project targets the gaming community and plans to merge DeFi and NFTs into a play-to-earn game. The CHIMBA Blockchain aims to connect various independent blockchains in Colombia, enhancing local development.
Santo Mining Corp. (OTC PINK:SANP) has launched the Chimba Blockchain website, the first Colombian blockchain built on Cosmos Network. Developed by Santo Blockchain Labs, Chimba aims to create a local eco-system for Colombian developers, featuring 50 Santo ATMs for Chimba Token transactions. CEO Mr. Yglesias emphasized the project's goal of establishing a decentralized network for local blockchain applications. The initiative focuses on interoperability among independent blockchains, providing essential infrastructure for Colombia's burgeoning blockchain community.
Santo Mining Corp (OTC PINK:SANP) has announced a contract to develop AGUA, a stablecoin linked to water rights at $0.30 per liter. This initiative will utilize weather telemetry data from reservoirs, with an in-house analytics system ensuring price stability through automatic minting or burning of coins. CEO Frank Yglesias emphasized the smart contract's integration with the Ethereum blockchain for efficient water resource management. The company aims to share development updates with shareholders. AGUA aligns with its humanitarian mission to enhance access to clean water.
Santo Mining Corp (OTC PINK:SANP) has formed a strategic partnership with XPO.CRYPTO S.A.S., acquiring a 10% stake in the inaugural blockchain/crypto conference in Medellin, Colombia. The event, taking place September 6-11, showcases Santo’s Crypto ATMs and new NFT dispensers. The partnership aims to expand into Latin America, with future conferences planned in Uruguay and Mexico City. CEO Frank Yglesias highlighted the ambition to create a record-breaking 3D NFT Graffiti Wall, further establishing Santo's presence in the growing crypto landscape of Latin America.
Santo Mining Corp. (OTC:SANP) has announced the development of its backend software solution for crypto ATMs, named AMAZONIA™. This initiative targets franchise opportunities across Latin America and the Caribbean, leveraging a market of nearly 700 million residents. The company plans to deploy 50 crypto ATMs from an initial order of 300 in Panama by April. This strategy includes providing hardware, software support, and training for franchisees, aiming for substantial market penetration in a diverse region.
Santo Mining Corp. (OTC PINK:SANP) has been named an Affiliate by SZZT Electronics Co. for the Latin American market, enabling the use of Santo Pay on OEM POS and ATM equipment. The global crypto ATM market, valued at $35.80 million in 2020, is projected to grow to $3,557.05 million by 2030 at a CAGR of 58.5%. This partnership is expected to enhance Santo’s presence in the rapidly growing cryptocurrency sector, which is driven by increasing adoption and demand for instant transactions.
Santo Mining Corp. (OTC PINK: SANP) has announced an upcoming auction on OpenSea for Jerome Peschard's art collection titled "Rush of Mars". The auction will feature a unique XR-NFT linked to a physical art piece, starting at $50,000, with a total of 51 minted XR-NFTs. The remaining NFTs will start at 1ETH. The CEO emphasized the company's focus on enhancing access to art through blockchain technology. A second series of NFTs is planned for mid-February.
Santo Mining Corp (OTC PINK:SANP) has announced the purchase of 50 Bitcoin ATM machines, set to be shipped to Panama by Q1 2022. The company plans to invest over $1,000,000 in a total of 300 Bitcoin ATMs throughout 2022. This rollout will be complemented by the development of a Santo Crypto Wallet and a Bitcoin debit card, targeting unbanked populations in Latin America and the USA. CEO Frank Yglesias emphasizes significant growth plans for 2022.
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