- Las Vegas-based jewelry maker GEMXX Corporation is reporting positive net revenues, and $0.00 in long-term liabilities, in the company’s recently released quarterly financial statement
- GEMXX is unique in that it mines its own gold resources and is making plans to operate the world’s largest Ammolite gemstone mine soon, all for its distinctively iridescent jewelry products
- Ammolite is a gemstone derived from the fossilized shells of large, extinct marine nautiluses — commercially mined in Alberta, Canada, and nowhere else in the world
- The company has a fully qualified Tier 1, Form 1A registration to raise up to $6 million through its Reg-A offering
Mine-to-market jewelry innovator GEMXX (OTC: GEMZ) continues to build a strong gold and gemstone supply chain based on its Canadian land resources and sound financial asset management, as noted in the company’s recent quarterly financial statement.
“We have made considerable strides in the past year and continue to post positive net revenues,” GEMXX CEO Jay Maull stated in the company’s news release (https://ibn.fm/pHm1R). “We have also reduced our total long-term liabilities to $0.00, which is a remarkable achievement. One that tangibly reinforces our ambitious commitment to building strategic partnerships, the pursuit of smart growth and expansion plans, introduction of new complementary product lines, and our focus on increasing shareholder value.”
GEMXX is notable as a company that mines its own gold reserves for use in its jewelry production as well as being the only publicly traded Ammolite mining company in the world, which provides GEMXX the ability to control every aspect of its production process and keep its prices competitive.
GEMXX has two gold resources in British Columbia — the 498-acre Snow Creek Mine and the 240-acre Rosella Creek project, which have estimated production potential of over 100,000 ounces of easily recoverable gold, according to initial testing at the sites (https://ibn.fm/in0qC).
In Alberta, the company continues to manage its Ammolite sources to produce the iridescent and distinctive gemstone derived from the fossilized shells of ammonites, a group of large, extinct marine nautiluses.
Alberta is the only place the rare gemstone is commercially mined and GEMXX works with world-class gem cutters and jewelry designers to deliver distinctive products that are delivered to customers around the world.
The company’s quarterly report shows that net income remains positive at $46,279 and account receivables increased to just over $1 million. GEMXX’s total assets have grown to $19.3 million.
GEMXX is partnering with Crazy Horse Mining Inc. to develop its gold assets to supply its global operation and reported the production of its first gold extraction at the Snow Creek Mine site this past month. The initial results have met or exceeded all expectations.
With no long-term debt, GEMXX plans to grow its market share by expanding its supplier relationships, opening new targeted markets and acquiring competitors.
“Upon completion of the S-K 1300 Reports on the company’s Southern Blocks, Management forecasts the NPV of the company’s assets to increase at least three-fold (3X). This is an exciting opportunity to become an investor in a rare product with increasing demand, and a company dedicated to growing across multiple markets, owning every step of production,” the company’s marketing materials state (https://ibn.fm/hgsAA).
The company has a fully qualified Regulation A offering to raise up to $6 million in investment through a Reg-A offering. Those interested in participating through Reg A financing are encouraged to visit the company’s investor page (https://ibn.fm/Hqpre) or contact the company officials for more information (firstname.lastname@example.org – 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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