Dynasty Metals & Mining Inc. is a Canada-based exploration and development-stage company engaged in the business of acquiring, exploring and developing mineral concessions in Ecuador. The Company operates a processing plant and is in the process of developing one main and two planned declines to access the resource at its Zaruma Gold Project. In addition to the Zaruma Gold Project, the Company owns two other non-producing assets, the Jerusalem Project and the Dynasty Copper-Gold Belt Project, which includes the Dynasty Goldfield. The Company has obtained small scale mining licenses for five concessions at its Zaruma Gold Project. Such licenses permit the Company to mine up to 300 tons per day from each concession, which has obtained the small scale mining license at a royalty rate of 3%, payable to the Ecuador government, and no windfall tax on the extraction and sale of precious metals.