Aim Exploration Researches Blockchain To Make A Coal Commodity Based Cryptocurrency Coin For Global Markets
Additionally the Company expands its business plan on research and development of a Cryptocurrency coin to be backed by the value of its coal reserves.
The company has retained LP Capital Group to assist in the research and development of a commodity based digital currency coin. http://lp-capitalgroup.com/
Aim Exploration has approximately 104,000,000 metric tonnes of coal, according to a non-compliant 43-101 Spanish Technical Geological report. The price of Anthracite ranges from $100 to $400 per metric tonne. The deposits have an estimated value of $10,400,000,000 recoverable at today's market prices.
Proposed names are CoalCoin, EnergyCoin or CommodityCoin.
The blockchain research is devoted to ERC20 compliant smart contracts backed by coal reserves. We have looked into many varieties of options to enter the Cryptocurrency market and feel that Ethereum, verified via EtherScan is a very good candidate to proceed with developing the coin and go to market or making an entirely new whitepaper "Proof of State" coin. Ethereum has successful coins such as EOS ($9.07), POPULUS ($26.63), OmiseGO ($12.72), and Augur ($52.29)
Anthracite coal is a desirable mineral for steel making and is clean burning. The Department of Energy of the United States has reported in November 2017 that it has found concentrations of rare earth elements in coal. The rare earth elements are used in the manufacturing of cell phones, batteries, and high-end electronics.
More information here:
Due to the recent discovery of rare earth elements in coal, the company has a plan, following the results of Energy.gov, to investigate whether our mines have REE deposits to warrant the research and development of a Rare Earth Element coin as well.
In addition AIM is working with potential coal buyers worldwide who have displayed a great deal of interest setting up long term supply contracts. It is anticipated that a world buyer will be visiting the mine site in the near future to review the logistics AIM has set up and carry out some additional testing to ascertain the anthracite meets their requirements.
About AIM Exploration
The Company owns mining concessions in Peru reported to be rich in Anthracite coal. The company plans to mine 1,000 hectares of land. Putting this into perspective: 1,000 hectares is three times the size of Central Park. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are an SEC reporting publicly traded company with the symbol (OTC: AEXE).
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Twitter: www.twitter.com/aexeqb or @aexeqb
AIM Exploration Inc. J.R. (Bob) Todhunter