Moria Token is a security token sponsored by a U.S. mining company. GS Mining Company — owners of the Bates Hunter mine, the Gilpin Mill, and Clay County Mine — is the sponsor of the Moria Token (MOR2).
Each Moria Token receives a pro-rata share of royalty payments equal to 10% of annual gross revenues, subject to a minimum valuation of $0.20 per token annually, payable on a quarterly basis. Moria Tokens will rank senior to the Company’s existing classes of securities.
In the event of any sale, acquisition or liquidation transaction, holders of Moria Tokens will receive a 1x preferred return plus 10% of the net proceeds available for distribution to its security holders, payable in whatever form of consideration was received by the Company.
Funding Raised to Date
Asset Estimated Replacement Cost
The Bates Hunter Mine, a shaft mine, is located in historic Central City mining district in Gilpin County, Colorado about 35 miles west of Denver. Central City is the oldest mining district in Colorado and the most important one in the Front Range mineral belt. The Mine itself extends about 22 acres and is home to a series of established gold veins.
The GS Mining Company (GSMC) isn’t your typical mining operation. One of the most significant challenges facing mining companies is integrating successful economic development while preserving environmental integrity. Meeting that challenge is known as sustainable mining. The GS Mining Company is committed to the ethical development of its resources and the wellness of its surroundings.
Bates Hunter Clean Up
Moria Token ICO
Mine Exploration & Dewatering Process Began
First Quarterly Royalty Payment of $.05/Token
Drilling Began and Samples Removed & Tested
Improved Moria Token Smart Contract
6th Consecutive Quarterly Royalty Payment Completed