Introduction & Success To Date
The founder's motivation to start the business stemmed from a deep concern for the environmental impact of traditional mining practices. Witnessing the detrimental effects on ecosystems led to a vision of a more sustainable and responsible approach to resource extraction. This aligns seamlessly with the company's mission of being at the forefront of sustainable gold mining. By championing chemical-free extraction processes, leveraging advanced technology, and prioritizing environmental responsibility, the brand aims to set new standards for ethical and sustainable practices in mining.
The envisioned impact on the world is profound. By pioneering sustainable mining practices, the brand aspires to inspire a shift in the entire industry towards greater environmental consciousness. It seeks to demonstrate that profitability and chemical free extraction can coexist, reshaping the narrative of resource extraction globally. Ultimately, the brand aims to contribute to a more sustainable and harmonious relationship between human activities and the planet, leaving a lasting legacy of positive change for future generations.
The Problem & Our Solution
Our company addresses consumer challenges by prioritizing innovation, ethical mining, and environmental consciousness. Through revolutionary gold acquisition methods, we cater to the diverse needs of major jewelry manufacturers and individual collectors, bridging luxury with responsibility. Our departure from traditional mining practices positions us as leaders in responsible mining, attracting industry giants seeking alternatives.
Our solution, the M/V Lady Justice, is designed to seamlessly integrates cutting-edge technology with time-honored traditions, creating a gold recovery process that stands as a beacon of sustainability.
By eliminating the use of chemicals, we not only embrace environmental stewardship but also address the concerns of major jewelry manufacturers and individual collectors alike. The extended operational capability of the M/V Lady Justice is indeed a game-changer in the gold mining industry.
Traditional mining operations often face limitations due to factors like fuel capacity, maintenance requirements, weather, and crew rest periods. However, our boat's resilient hull design, coupled with efficient propulsion systems, allows it to withstand harsh marine conditions and remain operational for significantly longer periods.
By staying on the water for extended durations, we can maximize productivity and optimize resource utilization. This means fewer interruptions for refueling or weather translating to higher output and profitability. Additionally, our extended operational time reduces the need for frequent transit to and from shore, minimizing fuel consumption and carbon emissions, thus further contributing to our sustainability goals.
Moreover, the ability to operate for extended periods enhances our flexibility in responding to market demands and fluctuations. We may be able to capitalize on favorable market conditions without being constrained by operational limitations.
Overall, the M/V Lady Justice's extended operational capability is not just a technological feat but a strategic advantage that underscores our commitment to efficiency, sustainability, and profitability in gold mining operations.
Business Model & Market
Our revenue is planned to be sourced from current mining operations in Alaska and Nevada. We manage a nearly 2,000 acre inland mine in NV and two dredge boats on the Bering Sea. After extracting gold, it undergoes cleanup and smelting before being swiftly brought to market and sold. Anticipating exponential growth in recovered ounces with the upcoming dredge construction, we remain committed to our revenue model. Operating on our claims in AK and managing the NV claim, we possess over 50 years of mining potential due to the substantial size of our claims.
Our mining operation functions on two main fronts: business-to-business (B2B) and business-to-consumer (B2C) transactions. In the B2B realm, we engage with other businesses, such as jewelry manufacturers or electronics companies, to sell bulk quantities of gold for use in their products. This involves negotiating contracts and ensuring timely delivery of the gold.
On the other hand, in the B2C aspect, we directly interact with individual consumers who may be interested in purchasing gold for investment purposes or personal use. This could involve selling gold bars, coins, or other forms of refined gold directly to consumers through various channels such as online platforms or physical stores.
Frequently Asked Questions
Biodiversity conservation: We conduct comprehensive biodiversity assessments before initiating any mining operations. We implement measures to protect and restore habitats for local flora and fauna.
Sustainable land use: We employ responsible land management practices to minimize habitat destruction and ensure the long-term health of ecosystems. This includes reclamation efforts to restore mined areas to their natural state after extraction is complete.
Water conservation: We implement water management strategies to minimize our impact on local water sources, including recycling and treating water used in mining processes to reduce contamination and preserve aquatic ecosystems.
Community engagement: We engage with local communities and stakeholders to understand their concerns and incorporate their input into our environmental management plans. This fosters collaboration and ensures that our operations align with local conservation priorities.
Overall, our commitment to ecosystem preservation guides every aspect of our mining operations, ensuring that we minimize our environmental footprint and leave a positive legacy in the areas where we operate.
Efficiency and innovation: By investing in advanced technology and process optimization, we minimize waste and maximize resource utilization, reducing operational costs and increasing profitability.
Risk mitigation: By prioritizing environmental responsibility, we mitigate the risk of fines, legal liabilities, and reputational damage associated with environmental violations. This protects our bottom line and enhances long-term sustainability.
Stakeholder engagement: We engage with stakeholders, including investors, communities, and regulatory authorities, to demonstrate our commitment to environmental responsibility and gain support for sustainable practices. This would enhance our reputation and access to capital.
Long-term perspective: We recognize that environmental degradation poses significant risks to our business and society as a whole. By investing in environmental stewardship, we safeguard the health of ecosystems and strive towards the availability of resources for future generations, thereby securing our long-term viability.
Team
Joining our team means being emotionally invested in a narrative that transcends traditional business success – it's about shaping a future where responsible practices and financial gains coalesce, fostering a sense of purpose and pride among our investors.
Use of Proceeds
If the offering's maximum amount of $5,000,000 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Compensation for Managers | $150,000 | 3.0% |
| Refinery | $500,000 | 10.0% |
| Real Estate | $250,000 | 5.0% |
| Steel for Platform | $250,000 | 5.0% |
| Thrust Master Motors | $750,000 | 15.0% |
| Excavator | $280,000 | 5.6% |
| Wash Plant | $350,000 | 7.0% |
| Generators | $150,000 | 3.0% |
| Hydraulic Power Pack | $500,000 | 10.0% |
| Water Pump | $100,000 | 2.0% |
| Cutter Head Attachment | $150,000 | 3.0% |
| Barge Skiff | $75,000 | 1.5% |
| Gold Recovery Equipment | $100,000 | 2.0% |
| Dive Dredge | $200,000 | 4.0% |
| Labor | $600,000 | 12.0% |
| Shipping | $120,000 | 2.4% |
| General & Administrative Expenses | $100,000 | 2.0% |
| Port Fees | $25,000 | 0.5% |
| Connex Quarters | $105,000 | 2.1% |
| Intermediary fees | $245,000 | 4.9% |
Terms
This is an offering of Common Membership Units, under registration exemption 4(a)(6), in Lady Justice Alaska LLC, doing business as Lucky 7 Mining. This offering must raise at least $10,000 by June 28, 2024 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Lucky 7 Mining may issue additional securities to raise up to $5,000,000, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
Lucky 7 Mining’s official name is Lady Justice Alaska LLC, so that’s the name that appears in the statements below.
These financial statements have been audited by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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