The Blue Hill Foundation has achieved its objectives and has achieved its mission towards the Blue Hill Mining Project. It has not only carried out what was proposed and required initially at the Project configuration stage, but has also left a large potential business in the project: a fully placed utility token, 4 mining licenses initially supporting the future security token, and a solid corporate structure.
The mission of the Blue Hill Foundation was not easy, and the road it traveled had great challenges. Beginning with the adventure, the ultimate goal was to explore and/or exploit the mining licenses to bring the results to an international standard of value and then place them in the Toronto stock market (Specialized in mining).
This giant task involved a great cost and an important logistic and economic effort, without having a knowledge of the market and the industry at the height of the challenge. For this reason and under a professional criterion, it is that Blue Hill Foundation assembled a frontline team to develop the Blue Hill Mining Project and reached partnership agreements with companies in the sector to assist in the task.
By reaching a collaboration agreement with GWE Intech, the Blue Hill Mining Project obtained strategic knowhow and constant active advice and consulting on the implementation of the Blockchain technology for the Blue Hill Platform and its Utility token, and the tokenization of the project with its future security token.
As a last novelty, GWE Intech has once again been an important supporter and a solid project partner by having acquired all the remaining BHF-Tokens of the project via Swiss Asian Resources; ensuring not only its continuity with the project but also its solid conviction of its promise of success.
As the Blue Hill Mining Project progressed, the Blue Hill Foundation achieved an exceptional task that today is a basis for the project and will be so in the coming years: the creation of the Liquidity System and the future Burning Program.
The Liquidity System is a way of self-financing, resulting from the purchase and sale of mining licenses in financial difficulties for the subsequent injection of liquidity into the Blue Hill Mining project.
This liquidity process was initially put under the tutelage of Swiss Asian Resources, a brand created by the Blue Hill Foundation to provide the Blue Hill Mining Project with mining licenses to grow the Blue Hill Mines portfolio, what we call Scalability System, and subsequently provide the project with the liquidity necessary to implement the Burning Program.
Now, Swiss Asian Resources has taken a step forward since as a brand and company it has grown under its own objectives, reaching an agreement to have a satellite scanning technology service, which has been a radical change for the whole project. This agreement is what allows Blue Hill Mining Project to advance exploration times and reduce their costs in the Blue Hill Mines portfolio. The consequence of this productive agreement is the drastic reduction of the initial hard-cap from 38 Million dollars to only 7 Million dollars.
As if that were not enough, Swiss Asian Resources has made its contribution to the project as a partner by granting the co-ownership of 2 new mines with licenses XV-017877, XV-019281 at 0.0000001428% each one, as well as 2 mines with licenses XV-020751, XV-020817 in 0.0000001428% each that will be used for the exploration and sale of them in the future. These 4 mines are pending valuation through exploration with the new satellite scanning technology of the previously named agreement.
In exchange for the contributions of Swiss Asian Resources (and GWE Intech via Swiss Asian Resources), it is that all the Utility BHF-Tokens have been placed through these two companies, resulting in a reduction of the hard cap. In consequence,no more financing is needed to continue, for which it is not necessary to to carry out a public offer of sale as there are no more tokens to offer and no need to issue more tokens.
Concluding then, the excellent news is that the necessary funding has been achieved to carry out the Blue Hill Mining project; all BHF-Tokens have been placed for private sale, the Blue Hill Mines Portfolio has been increased with 4 new mining licenses; a technology that accelerates the exploratory processes and reduces costs has been acquired (via Swiss Asian Resources) and a powerful and functional Liquidity System has been established that will provide the company with necessary funds.
The work of the Blue Hill Foundation has been exceptional, and it is now up to the Blue Hill Mining Project to continue this success and take the project to its new final destination, including the Burning Program and the Buyback Plan.