Granite Mine is the first to commit entire portfolio of in-ground assets to the blockchain, ceasing mining in return for access to Element Digital Economy
LEHI, UTAH, USA, August 22, 2022 /EINPresswire.com/ -- Red Granite Mine is the first mine in history to commit an entire portfolio of in-ground assets to the blockchain, immediately ceasing mining operations in return for access to the Element United Digital Economy.
Element United is thrilled to announce that CanRock Mining has signed a contract to immediately cease mining operations as part of a partnership to digitize their entire Red Granite Mine.
The agreement represents a first of its kind: A potentially profitable mine deciding that there is more value in the digital application of its assayed elements than in their actual extraction.
“We know what’s in the ground. We have the assays and N.I. 43-101 geological surveys,” says mining consultant, Ryan Chomiuk, noting that the Red Granite Mine has a value of over $103 billion...
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