Coinsilium Group Ltd, which finances and manages the development of early-stage blockchain technology companies, has announced the appointment of Richard Lloyd as Mining Industry Sector Advisor to TerraStream, its Gibraltar registered wholly-owned subsidiary.
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The company has also provided an update on TerraStream’s progress towards the development of its platform and its planned Token Generating Event (TGE).
TerraStream was formed with the objective of creating a blockchain-powered platform to support the offering of Token based alternative funding solutions with potential applications across several industry sectors. Initially it will focus on the mining industry and in particular, precious metals and natural resources extraction.
The build and development of the TerraStream Platform is expected to be funded from the company’s existing reserves and the proceeds of a non-dilutive digital TGE under Gibraltar’s Regulatory framework.
Appointment of Mining Industry Advisor to TerraStream
Coinsilium has appointed Richard Lloyd as Mining Industry Sector Advisor to TerraStream, with immediate effect. Lloyd has 17 years investment banking experience with a specific focus on the mining and exploration sector.
Coinsilium believes that the mining and exploration sector offers a broad range of compelling commercial opportunities for TerraStream, particularly in relation to the provision of project level finance solutions for precious metals resource developers.
Market sector analysis and industry specific modelling is ongoing and discussions are now being advanced with potential industry partners.
TerraStream TGE Update
With Gibraltar’s DLT Regulatory framework successfully launched as of 1 January 2018 the company is awaiting the publication of a more specific set of regulations relating to Token Generating Events (TGE’s) which is expected to be published by the Gibraltar Financial Services Commission (GFSC) during 2Q18.
Based on its discussions with Coinsilium’s legal advisors, ISOLAS, in Gibraltar and the public announcements from the GFSC, the company’s priority is to ensure that the TerraStream TGE will be fully compliant with Gibraltar’s forthcoming TGE regulations and aims to be in a position to commission the development and build of its Minimum Viable Product (MVP) once the TGE regulations are published.
Coinsilium’s Chairman, Malcolm Palle, commented: “We are delighted to welcome Richard as an advisor to TerraStream and it is most pleasing that, as an industry sector veteran, he shares Coinsilium’s vision and enthusiasm for the opportunities that blockchain technology has to offer within the Mining and Exploration sector.
“Richard is now working with us on developing the TerraStream model and we are confident that his industry knowledge and experience will be of great benefit as we progress discussions with potential industry partners and look to position TerraStream for its Mining sector launch.”
Read the article online at: https://www.globalminingreview.com/finance-business/20022018/coinsilium-appoints-mining-industry-sector-advisor-to-terrastream/