LAS VEGAS / May 2, 2023 / NEWS WIRE / GEMXX Corporation (OTC: GEMZ) GEMZ; “the Company”), a leader in the Ammolite Gems mine-to-market segment is pleased to provide a corporate update.
GEMXX CORPORATION A LEADER IN THE AMMOLITE GEMSTONE MINE-TO-MARKET SEGMENT, PROVIDES CORPORATE UPDATE ON RECENT MILESTONES AND EXPANSION PLANS FOR 2023.
The Company is highlighting recent significant achievements to update new and existing investors prior to releasing year-end financial reporting.
Current State - GEMXX has achieved significant milestones recently, and it's worth noting that the Company controls each stage of its production, including gold mining, gemstone production, jewelry manufacturing, and global distribution. Its management team is made up of the industry's leading experts with a combined total of 160 years of gold, gemstone, and jewelry business experience.
"We are tremendously pleased with the development of the Company over the past several months and we are extremely excited for the anticipated growth. We look forward to updating shareholders as we move into full gold and gemstone production. We intend to do everything necessary to drive shareholder value." Commented Jay Maull, GEMXX CEO.
Stability Through Diversification - The Company is focused on Gold and Ammolite mine expansion, increased production to meet global demand, as well as diversification of its operations. By executing its overall business plan and investing in complimentary precious metal mining operations, the Company is one step closer to being fully integrated from mine to market.
The Company's mergers and acquisition team is working to further strengthen the business through strategic partnerships and acquisitions. GEMXX is in discussions with several companies that complement its strategic-partner initiatives and acquisition plan. The Company believes that through product and market diversification, the Company will be resilient in any economic condition.
“GEMXX is in discussions with several companies that support our market diversification philosophy, and the Company looks forward to announcing significant new relationships and acquisitions in the very near future” stated Richard Clowater, GEMXX President.
2023 and Beyond
Funding the Growth
GEMXX is growing fast, and to satisfy global demand for its products the Company recently announced a qualified Regulation A Offering Statement and aims to raise $6,000,000 USD at $0.40 per share pursuant to the Offering Statement. GEMXX’s management team is excited to welcome new shareholders into the GEMXX family.
The Company is proud of its recent growth, and this raise will allow the Company to further control each stage of its production, including gemstone and gold mining, gemstone production, jewelry manufacturing, and global distribution.
January 31, 2023, the Company’s announced that its Form 1-A to raise up to $6,000,000 USD at $0.40 per share pursuant to the Offering Statement has been qualified. Shareholders, investors, institutions, and financiers interested in participating in the Regulation A Financing are encouraged to visit www.gemxx.com/invest or contact Company officials for more information.
Supporting the Regulation A
September 6, 2022, GEMXX Corporation partnered with DealMaker. DealMaker is built for high-performance capital raising. Their tech puts forward-thinking organizations in control of raising their capital and provides innovative tools to manage all aspects in one centralized platform. Read more here.
June 14, 2022, GEMXX Corporation partnered with SRAX financial technology company. This partnership with SRAX will allow the Company to properly tailor the marketing and communication strategies it uses and more importantly to use the most efficient channels to reach out to consumers, shareholders, and investors. The Company believes this partnership will propel GEMXX’s profile even further. Read more here.
February 28th, 2023, the Company reported its quarter ending result as follows: Shares issued and outstanding are 96,866,845. The Quarter’s Account Receivables have increased to $690,310.00 compared to the same Quarter last year which was $318,390.00. Net Income increased to $182,992.00 compared to $126,360.00 in the previous Quarter. Total Long-Term liabilities have been reduced to $0.00 as compared to $226,759.00 last year. The Total Assets of the Company have increased year over year by $1,226,354 to $18,610,757.00. Read more here.
March 13, 2023, in a board resolution, the Company appointed Richard Clowater to the board of directors of GEMXX Corporation and formally offered him the management title of "President". Both positions have been accepted by Mr. Clowater.
March 14, 2023, the Company announced that it has acquired a 50% interest in the Canadian exploration company Crazy Horse Mining Inc. (“CHMI”). Crazy Horse Mining Inc. assets include 100% percent interest in two gold projects, Snow Creek, and Rosella Creek, covering more than 700 acres. In connection with the Transaction, GEMXX and CHMI have completed the 2023 mining plan. Under the Agreement, GEMXX and CHMI will share costs and gold produced from the project. Read more here.
"The acquisition of the gold assets enhances the Company’s long-term asset expansion plan and helps to de-risk revenues, but most importantly, it will provide GEMXX with a significant reduction in the cost of goods for our entire gold jewelry product line" said Jay Maull, GEMXX’s CEO.
March 23, 2023, the Company announced that it had signed an Ammolite Master Supply Agreement (“MSA”) with Canadian Ammolite Gems by Kenneth Bradley. Kenneth Bradley is one of the World’s most recognized Ammolite experts and is a Canadian influencer with a global following that continues to grow. Kenneth Bradley hosts multiple live, on-air events annually featuring unique ammolite jewelry designs. Read more here.
“This Ammolite supply agreement is a fundamental step in the Company’s expansion plans. GEMXX and Kenneth Bradley share a goal of creating awareness and expanding the global market for GEMXX Ammolite gemstones” commented Jay Maull, CEO of GEMXX Corporation.
The Company also announces that it has engaged OTCWagon for a 40-day investor awareness program to increase the exposure of GEMXX Corporation.
ABOUT GEMXX CORPORATION
GEMXX Corporation is a publicly traded, mine-to-market gold, gemstone, 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 leading 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. Our 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.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
/S/ Jay Maull
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