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 (SANP) maintains this comprehensive news hub for stakeholders tracking its mining operations and corporate developments. Investors and industry observers will find verified updates on exploration progress, strategic partnerships, and operational milestones within the precious metals sector.
This resource consolidates official announcements regarding license acquisitions, project expansions, and sustainability initiatives. Key updates include progress reports on gold/silver extraction projects, technology implementations, and partnership developments with industry leaders.
All content undergoes strict verification to ensure accuracy and relevance. Users can expect timely updates on resource estimation reports, environmental compliance achievements, and management strategy communications. Bookmark this page for direct access to SANP's evolving position in the global mining landscape.
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.
