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Comstock Mining (NYSE MKT:LODE) announced it has agreed o license an initial five metric tons of gold or gold-equivalent to support the value of the initial 50 million HOPE gold coins being sold. Proceeds from the sale of the coins will be used by the HOPE charitable trust to support charity, aid and other humanitarian causes across the world.
According to the press release:
The HOPE Gold Coin is a new cryptographic currency being launched by the HOPE Gold Coin Charitable Trust (the “HOPE Charitable Trust”). Ultimately, the maximum number of HOPE Gold Coins in circulation will be supported by 100 metric tons of physical gold bullion, preferably from Comstock, purchased and directly owned by the HOPE Charitable Trust.
Corrado De Gasperis, president and CEO of Comstock, said:
HOPE Charitable Trust is an exceptional opportunity for us to safely and responsibly enhance revenue, support a charitable endeavor of the highest purpose, and sustain Comstock innovations that define our brand. We are extremely selective with our strategic alliances and the Comstock brand and proud to partner with this exceptional organization.
Click here to read the Comstock Mining (NYSE,MKT:LODE) press release