GEMXX Corp. (GEMZ) Announces Significant Progress Regarding Financing for Gold and Ammolite Mining Operations

  • The company offers an approach that gives them a cost-saving edge over other producers in the market
  • Preliminary discussions have been made to shortlist engineering firms capable of conducting the necessary SK-1300 technical reports for the company’s newest gold and Ammolite assets – with anticipated completion by the end of FY-2023
  • GEMXX is participating in Regulation A financing, and interested investors, shareholders, institutions, and financiers, are urged to visit the company’s website for more information

GEMXX (OTC: GEMZ), a mine-to-market enterprise specializing in gold, gemstone, and jewelry production, recently announced that it has made significant progress in its efforts to finance its gold and Ammolite mining operations. During the last year, GEMXX has made significant strides in its growth plan, with increased shareholder value through acquiring materials and assets that support its goal of becoming fully integrated.

GEMXX has secured 75% of this fiscal year’s mining costs for the company’s gold and Ammolite initiatives. The involvement of new investors and strategic partners has strengthened the company’s financial position and supports its growth plan. This includes expanding GEMXX’s mine and process facility and increasing production to meet global product demand.

“Management is very excited to reach this financing milestone as it will allow the company to operate multiple mine assets at the same time,” said Richard Clowater, GEMXX President (https://ibn.fm/63mfz). “With the Snow Creek gold mine now in full production initial results have met all expectations, we look forward to having a gemstone and gold mine in production at the same time.”

GEMMX’s ambitious growth plan revolves around bolstering its market share through several key initiatives:

  • First, GEMXX aims to strengthen its position in current markets by nurturing and expanding existing relationships with customers and partners.
  • Second, the company plans to venture into untapped strategic markets by identifying and targeting new areas and establishing a presence in regions with promising growth opportunities.
  • Thirdly, GEMXX envisions its growth through acquisitions, aiming to consolidate the market position and capitalize on synergies for enhanced success.

“Significant Strategic Partnerships are being formed that will allow the company to create more awareness of its market position and products it produces and sells around the world,” said Jay Maull, CEO of GEMXX (https://ibn.fm/VW5ll). “We endeavor to keep our stakeholders and shareholders updated as we hit milestones and sign agreements that will help the company reduce costs and increase revenues through partnerships, expansion, and new complementary product lines.”

GEMXX stands out due to its advantages in mining its gold reserves for use in jewelry production – an approach that gives the company a cost-saving edge over other producers in the market. Ammolite, similar to black opal, is a biogenic gem derived from the fossilized shells of Ammonites, a group of extinct marine nautiluses. Both avenues give GEMXX an advantage as a prominent player in the industry – standing out as a leader and producer of high-quality finished jewelry.

GEMXX has also completed preliminary discussions and has shortlisted engineering firms capable of conducting SK-1300 technical reports on both gold and Ammolite assets. Management anticipates the completion of the SK-1300 technical reports on the gold and Ammolite properties will produce a three-fold increase in the company’s proven resource base by the end of FY-2023.

The Company’s Form 1-A to raise up to $6,000,000 at $.40 per share pursuant to the Offering Statement is fully qualified. Shareholders, investors, institutions, and financiers interested in participating in the Reg A financing are encouraged to visit the company’s investor page (https://ibn.fm/iWTf5) or contact company officials for more information (ir@gemxx.com – 702-930-1815).

For more information, visit the company’s website at www.GEMXX.com.

NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ

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