(MENAFN- Investor Brand Network) GEMXX (OTC: GEMZ) , a leader in the ammolite gemstone mine-to-market segment and a partner in Canadian gold-exploration company Crazy Horse Mining Inc. (“CHMI”), has released an update on corporate highlights and milestones for the company. According to the announcement, the report is provided for new and existing investors as the company prepares to release its quarter-end financial report. Highlights for this year include the successful completion of the third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining test season; the partnership with Aurora Geosciences to complete S-K 1300 technical reports on GEMXX assets; the signing of a binding letter of intent to acquire an initial 50% stake in the Yukon Gold Project, pending due diligence; and the company's strategic plan to expand gemstone and jewelry production by 300% year over year, just to name a few.
The announcement noted that for the remainder of this year and looking forward into 2024, GEMXX management is focused on expansion and adding shareholder value, which translates to additional acquisitions and mine production as well as increased revenues. Specifically, the company is working to complete the 50% acquisition of the Yukon Gold Property and initiate a pilot mine on that site, bring the Ammolite Gemstone mine into full production, upscale the gold mine operation at Snow Creek and move the test plant to Rosella Creek, complete S-K 1300 compliant resource reports on already owned assets, and finalize audits to be quoted on the OTC exchange, the company's first step toward uplisting to the New York Stock Exchange or NASDAQ.“We are tremendously pleased with the development of the company over the past several months, and we are extremely excited for the anticipated growth,” said GEMXX CEO Jay Maull in the press release.“We look forward to updating shareholders as each milestone below is met. Everything the Company has planned is focused on driving shareholder value.”
To view the full press release, visit
About GEMXX Corporation
GEMXX is a publicly traded, mine-to-market gemstone, gold and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global
distribution. GEMXX is a producer of
top-quality finished ammolite and ammolite jewelry.
The company's world-class
gemstone cutters and jewelry
designers are
continuously leading the ammolite industry in new and exciting directions. The company's management team is made up of the industry's leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience. For more information about this company, please visit
.
NOTE TO INVESTORS:
The latest news and updates relating to GEMZ are available in the company's newsroom at
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