Cunningham Mining Updates NGTGOLD Tokenization Structure With Pending First Ever Purchase of a Public Company

VANCOUVER, BC - (NewMediaWire) - July 16, 2024 - Cunningham Mining Ltd provided the crypto community more details on certain aspects of its “Nugget Trap Gold” RWA Token, which aims to transform the antiquated Mining Sector, as well as other details concerning the overall tokenization structure.  The company is actively engaged in diligence required for further asset additions into the Nugget Trap Gold token.

Ryan Cunningham, Chief Executive Officer of Cunningham Mining explained, “Our model is not only ground breaking, it is desperately needed by the mining industry.  We are taking a token approach modelling architecture and building a platform that mining companies and miners can use to finance their operations. This has real tangible value backed by in ground assets that have yet to monetized properly by the market.  Financing options for mining operations is almost non-existent at this point, even with the price of metals running to new highs in the past year.  The traditional equity, investment, and debt markets that metals miners need to finance operations are simply broken.  The need for liquidity and monetization of in ground assets is massive.”

The company has recently made a bid, through non-binding letter of intent to acquire American Creek Resources (AMK: TSX-V), which would be the first time in known history that a crypto backed company has purchased an entire publicly traded entity.  The price of CAD 209m (two-hundred nine million dollars) represents a share price of CAD.43 cents per share.  American Creek Resources has shown its 20% fully carried share of the Treaty Creek gold deposit to hold upwards of 6.6Au million ounces of gold, not to mention large silver and copper reserves.  The treaty creek deposit has been recognized as one of the largest gold finds in the last 30 years.

“Our model secures ownership of in ground deposits, operating & non-operating mines, and even physical gold to be owned outright by the token with full auditing in place.  Market participants deserving of financing can exchange equity for token ownership to hold or in many cases to finance actual mining.  We are confident that tokenization offers incredible benefits to holders of the token as well as to the mining industry itself.  Our team has been overwhelmed with solid projects, deposits, and operating teams wanting to take advantage of this fresh new capital wave brought by crypto and tokenization,” Cunningham explained and went on to say, “Blackrock and most larger institutions are already moving full speed into tokenization, it is just a matter of time before most assets are on the blockchain through one project medium or another.”

Cunningham Mining’s token, pending symbol “Nugget Trap Gold” is named after the first mining property the company acquired last year called the “Nugget Trap” in the golden triangle area of British Columbia, not too far from American Creek Resources’ “Treaty Creek” deposit.  The company has not limited itself to just gold in Canada, having made an agreement to purchase almost 20% of the Kharrouba Copper Company’s operating copper mine in Morocco, Africa.  “Nugget Trap Gold” token is not bound by Country or Continent," said CEO Ryan Cunningham, “We are open to solid projects and management teams in friendly mining venues all over the world.  Requests have been heavy from Africa and South America, and we expect that trend to continue as the token becomes more well known by the mining industry and crypto community.”

The company has enlisted Smartcard Marketing Systems Inc. to help design, conceptualize and build the required infrastructure of its intake program and cross-border payment solutions systems as well as advisory services throughout the tokenization process.

About Cunningham Mining Ltd

Cunningham Mining (www.cunninghammining.com) has successfully completed the acquisition of the Placer Claims known as the 'Nugget Trap Placer Mine" in the British Columbia Mineral Title registry, covering 573.7 acres, along with the accompanying permits and authorizations ("Property"). The Property is situated within the Skeena Mining Division of British Columbia, Canada, in the area known as BC's Golden Triangle. The company intends to digitize its current and future mining properties and claims through the issuance of “Nugget Trap Gold” (www.nuggettrap.com) digital asset tokens.

FORWARD-LOOKING STATEMENTS:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.

Contact: 

Cunningham Mining Ltd

10026 Pacific Centre 25th FL

Vancouver, BC, V7Y 1B3

Phone: 1-833-344-4653

Email: info@cunninghammining.com

https://www.cunninghammining.com

https://x.com/Cunninghamminin

https://x.com/Nuggettrapgold

https://www.nuggettrap.com