Investment Announcement and Financial Support

In 2024, our project has embraced two major developments. Firstly, a mutual investment contract was executed between the International Blockchain Technology Exchange and PM Mining Corporation. This agreement has facilitated the expansion of PM Mining's mining facilities with a preliminary investment of 5 billion KRW. PM Mining is set to augment the competitive edge between both entities by investing in gold bars, valued at 100 billion KRW, to be launched in the first half of 2024 into the International Blockchain Technology Exchange. Consequently, PM Mining Corporation will acquire 10% of the total issuance of IBTC coins, and an agreement for the exchange of 5% of the total shares between both companies was established. This robust collaboration underscores our dedication to fostering growth and innovation in the blockchain technology and financial markets.

Secondly, the discovery of the largest gold vein in the country in Jecheon represents a significant breakthrough. This vein, extending 1,800 meters and measuring 45 meters in width, with an estimated ore reserve of over 1 million tons, is anticipated to become a landmark among domestic gold mines. The quality of the discovered gold vein, averaging 13g per ton, suggests a high profitability in both domestic and international gold markets. The uncovering of this vein paves the way for our nation to once again emerge as a gold-producing country, marking a vital financial endorsement for our project.

Daehan Mine Development plans to utilize this vein to embark on various gold-related ventures, providing new avenues for value creation and financial stability for our project. These developments are poised to enhance our project's global competitiveness and lay the groundwork for a leading role in the blockchain technology and financial markets.