Taġiuk Gold, LLC mines for gold from the bottom of the Bering Sea. The expansion funded by this capital raise will be the largest gold mining operation offshore Nome, Alaska.
The loan plus off-take model is becoming quite popular in the mining world. For our version of it, investors are repaid their investment, plus interest, from 95% of net operating revenue. Plus, as a bonus, investors get the option to buy 12.5% of our gold production at a fixed low price until 10 years after the investment loan is repaid. This provides rapid ROI as well as long term income.
We have an ownership stake in over 19,000 acres, shown in green and yellow:
Andrew C. Lee founded Taġiuk Gold, LLC. Andrew has over a decade of gold mining experience offshore Alaska with a variety of methods. Starting with a diver controlled 8” suction dredge in 2006. Early success lead to the addition of a second unit in 2008. After 6 years of operating and managing 6-inch, 8-inch, and 10-inch dredges, Andrew was recruited to become an operating partner in the largest Gold mining suction dredge in the United States. Now, with an ownership stake in over 19,000 acres, Andrew and his family are striking out with the newest and largest eco-friendly mega-dredge.
Taġiuk is the local Iñupiaq word for sea and reflects both physical location where we mine for gold as well as our company’s deep respect for the people and history of this area. Our family has lived in Alaska for generations. We see mining for gold from the sea as continuation and extension of the subsistence lifestyle, which must only be done in harmony with traditionally harvested resources.
The Bering Sea is harsh enough already for the sea life that lives here and the people that depend on it. While the life that thrives here is very hardy, we at Taġiuk Gold are committed to minimize any impact that we may have. Where possible, we strive to make that impact net positive as we renew the sea floor during the mining process.
Tagiuk Provider arrived in Nome, Alaska and began on-site testing.September, 2018
Purchased 205 foot barge Tagiuk Provider for use as main mining platform.November, 2016
Andrew Lee invited by University of Alaska Fairbanks to give expert guest lecture on Nome gold mining.October, 2016
Acquired ownership stake in 16,579 acres of State of Alaska gold mining leases in the submerged gold field nearshore of Nome, Alaska.June, 2016
Acquired ownership stake in 2,700 acres of State of Alaska gold mining leases in the submerged gold field nearshore of Nome, Alaska.February, 2016