LAS VEGAS, Dec. 13, 2023 — GEMXX Corporation (OTC: GEMZ), a key player in the ammolite gemstone mine-to-market sector and a collaborator with Canadian gold exploration entity Crazy Horse Mining, Inc. (CHMI), shares a comprehensive corporate update highlighting recent accomplishments and the ambitious expansion blueprint for 2024.
Current State:
GEMXX proudly asserts its control over every phase of production, from gold mining and gemstone extraction to jewelry manufacturing and global distribution. The Company, under the leadership of CEO Jay Maull, sustains its growth momentum without incurring long-term debts, marking a pivotal achievement in its operational landscape.
Jay Maull, GEMXX CEO, expresses enthusiasm, stating, “We are tremendously pleased with the development of the Company over the past several months and are extremely excited about the anticipated growth. We look forward to updating shareholders as each milestone below is met. Everything the Company has planned is focused on driving shareholder value.”
Recent Milestones:
Oct. 24, 2023: GEMXX, in collaboration with CHMI, successfully concluded its third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining test season. The results, meeting all expectations, underscore the Company’s operational prowess.
Oct. 3, 2023: Engaging Aurora Geosciences, GEMXX initiated S-K 1300 technical reports on Company-owned assets, currently unvalued in financial records.
Sept. 26, 2023: The Company entered a binding Letter of Intent to acquire an initial 50% stake in The Yukon Gold Project, signaling its commitment to expanding its gold portfolio.
Sept. 12, 2023: Addressing burgeoning demand, GEMXX strategizes a 300% year-over-year expansion in gemstone and jewelry production.
July 18, 2023: GEMXX secures 75% of mining costs for its Gold and Ammolite initiatives, reinforcing its financial position and supporting its global growth plan.
March 14, 2023: GEMXX acquires a 50% interest in Canadian exploration company Crazy Horse Mining Inc., gaining control over gold projects Snow Creek and Rosella Creek.
March 23, 2023: The Company signs an Ammolite Master Supply Agreement with Canadian Ammolite Gems by Kenneth Bradley, enhancing its presence in the ammolite industry.
Looking Forward – 2024 and Beyond:
GEMXX’s strategic focus for the remainder of 2023 and into 2024 revolves around expansion, aiming to enhance shareholder value through acquisitions, increased mine production, and revenue growth. Key targets include the completion of the Yukon Gold Property acquisition, full production at the Ammolite Gemstone mine, and scaling up gold mining operations at Snow Creek.
About GEMXX Corporation:
GEMXX Corporation is a publicly traded, mine-to-market gold, gemstone, and jewelry producer with a global footprint. The Company’s comprehensive control over production stages positions it as a leading player in the industry.
About Crazy Horse Mining Inc.:
Crazy Horse Mining Inc. is a Canadian Junior resource company with substantial gold assets in British Columbia, Canada. In partnership with GEMXX, CHMI aims to unlock the potential of its gold-bearing properties.
About Canadian Ammolite Gems by Kenneth Bradley:
Kenneth Bradley, a globally recognized ammolite expert and Canadian influencer, collaborates with GEMXX to showcase stunning ammolite gems through multiple annual events.
Safe Harbor Statement:
GEMXX commits to keeping stakeholders informed about industry changes, customer base expansion, and ongoing efforts to enhance products and systems. The Company maintains transparency as it navigates challenges in the market, emphasizing the limited public market for its common stock. Forward-looking statements are accurate only as of the date of issuance, with GEMXX pledging to update stakeholders on circumstances or events occurring after the initial statement.
