공시 • Jun 25
GEMXX Corporation Appoints Ali S. Abood to the Board of Latin Energy Partners GEMXX Corporation announced that Ali S. Abood has joined the board of Latin Energy Partners. This strategic addition to the board aligns with GEMXX's commitment to strengthening its investment portfolio and expanding its influence in the global energy sector. Ali S. Abood brings a wealth of experience in international business, finance, and consultancy, with a particular focus on the Middle East and Africa. His extensive career includes senior directorships and advisory roles in numerous multinational corporations, spanning sectors such as mining, energy, commodity trading, and financial services. Mr. Abood's entrepreneurial spirit and innovative marketing strategies have consistently secured substantial business deals for his clients. His expertise in arranging funding through international government credit agencies and syndicated loans has been instrumental in facilitating major business transactions. Notable roles in his distinguished career include key positions at Esso (Exxon) and the National Commercial Bank of Saudi Arabia, as well as consultancy work for defense, engineering, and various technology firms. With a Business Commerce degree and professional qualifications in Accountancy and Finance, Mr. Abood's academic background complements his practical experience. Known for his diplomatic negotiation skills and high-level political and senior business contacts in the Middle East, Africa and around the world, he is well-positioned to contribute to the strategic growth and success of Latin Energy Partners. 공시 • May 23
Gemxx Corp. has withdrawn its Follow-on Equity Offering in the amount of $1.725 million. Gemxx Corp. has withdrawn its Follow-on Equity Offering in the amount of $1.725 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 17,250,000
Price\Range: $0.05 to $0.1
Discount Per Security: $0.0085 공시 • May 02
GEMXX Corporation Announces CEO Changes GEMXX Corporation announced that with the retirement of Founder Jay Maull, the company welcomes Richard Clowater as the new Chief Executive Officer (CEO). Mr. Clowater brings with him a wealth of experience in upstream, midstream and downstream oil and gas projects, coupled with a proven track record of leadership. 공시 • Dec 20
GEMXX Corporation to Implement Pilot Mine at Proven Yukon Gold Project GEMXX Corporation announced that it has made additional progress in its assessments quantifying the proven and potential gold resources on the Yukon Gold property. GEMXX, working in concert with the current owners, have approved a plan to implement a pilot mine as soon as the weather permits in 2024. The Company has amended the Letter of Intent (LOI) to extend the closing deadline until after a pilot mine project is completed. Improved valuation with excellent potential for growth: Yukon Gold’s 2,210,660 ounces of gold in proven resources represents a significant milestone for the Company, particularly in light of the current gold price being projected at up to $2,500 per ounce. The latter will improve valuation with excellent potential for growth. GEMXX claim the property hosts somewhere between 2.2 million and as much as 4 million ounces of gold and current higher gold price environment will be contributed to an increase in project value. At current spot gold prices ($2,040/once), the NPV (at a 10% discount rate) could reach approximately $450 million. This positions the Company with a million in revenue, considering the current and forecasted market value of gold, this is expected to make a considerable impact on the Company's valuation, reflecting a robust future revenue stream. Rare Earth Elements and Other Minerals: In addition to the lucrative gold assets, GEMXX continues to review the data provided by the current owner to determine rare earth elements and /or other minerals if such as those used in battery manufacturing, are also commercially viable on the property. 공시 • Sep 27
Gemxx Corp. (OTCPK:GEMZ) signed a binding Letter of Intent to acquire 50% stake in The Yukon Gold Project Property in Canada from Richard Clowater. Gemxx Corp. (OTCPK:GEMZ) signed a binding Letter of Intent to acquire 50% stake in The Yukon Gold Project Property in Canada from Richard Clowater on September 26, 2023. GEMXX expects to pay to the vendor, on closing of the proposed transaction, a combination of cash and common shares of GEMXX. The transaction is subject to due diligence and prepare a Definitive Purchase Agreement. 공시 • Aug 17
GEMXX Corporation Announces First Gold Production from Snow Creek Mine Site GEMXX Corporation announced the successful completion of its first clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining season, in collaboration with Crazy Horse Mining Inc. (“CHMI”). CHMI, in partnership with GEMXX, has processed a 4,500 cubic yard sample of gold-bearing surface ore stockpiled while building the processing site, providing a positive indication of the resource potential on the property. The initial production results have exceeded expectations, yielding 38.73 ounces of gold from 4,500 cubic yards of surface material, amounting to 0.86 ounces per 100 cubic yards. CHMI’s principal Canadian gold exploration assets include the Snow Creek and Rosella Creek projects, as well as additional options on mining claims located in British Columbia. The Snow Creek project encompasses 498 acres, with approximately 80% being mineable, while the Rosella Creek project covers 240 acres, with an estimated 90% being mineable. Three initial 100 cubic yard (100 yd3) test runs have been completed on the Snow Creek project, returning excellent results of 1.07, 1.08 and 1.12 ounces respectively. The Snow Creek project boasts well-defined mineral resources with a 0.94:1 overburden-to-pay ore ratio. From initial testing, indications are that the properties could yield over 100,000 ounces of easily recoverable gold, which will be verified by an S-K 1300 compliant Resource Report this summer. GEMXX and CHMI will jointly share the costs and gold produced from the project. The Company plans to ramp up processing to 1,000 cubic yards of gold-bearing ore per day, further bolstering production levels and enhancing profitability.