Inception Mining Inc. (“Inception”) is a producing gold mining company founded in 2013 that is engaged in the identification, exploration, acquisition and development of mineral properties. Inception’s primary focus is the Clavo Rico project, a gold mine located on the 200 hectare Clavo Rico concession in southern Honduras. The area has been explored and proven to be a profitable source of gold reserves since before the Spanish empire discovered its rich deposits in the 16th century, and more recently by the local residents. Currently, the Clavo Rico operation has the capacity to process up to 1,000 tons of material per day, with low recovery costs. Acquired in 2015, Inception operates the Clavo Rico mining concession through its subsidiaries Compañía Minera Cerros del Sur, S.A de C.V. and Compañía Minera Clavo Rico, S.A. de C.V.