Gemxx Corp. - GEMZ STOCK NEWS

GEMXX (OTC: GEMZ) has signed a Definitive Agreement with Latin Energy Partners (LEP) to drill four test wells in Latin America. The partnership, led by former ONGC Chairman Dinesh Kumar Sarraf, aims to identify and develop large-scale oil fields. This initiative represents GEMXX's strategic move into the energy sector, promising diversification and growth. Sarraf's leadership and his team's expertise are anticipated to drive the success of the project. Drilling is set to start in the coming months, with results expected to reveal significant oil potential.

On May 14, 2024, GEMXX (OTC: GEMZ) announced a strategic partnership with Latin Energy Partners (LEP) to jointly drill four test wells in a promising geological formation in Latin America. Guided by Dinesh Kumar Sarraf, former chairman of India's ONGC, LEP's leadership brings extensive experience in managing assets worth over $15 billion. Preliminary explorations have revealed significant sedimentary deposits, estimating over 1 billion barrels of recoverable oil in each of the two target basins. This partnership aims to leverage GEMXX's manpower to achieve global standards in oil exploration.

GEMXX is expanding its business model to include private equity funding for oil and gas exploration. They are focusing on funding the exploration of large oil fields in Latin America through new strategic partnerships. The company aims to tap into high-reward opportunities by targeting underexplored basins with substantial oil reserves. GEMXX is in final negotiations to secure financing for a four-well drilling program and has appointed Deane Preston to its Board of Directors.

GEMXX , a leading provider of gemstones and jewelry, announces plans to expand into new revenue streams and markets, focusing on energy projects. The company welcomes Richard Clowater as the new CEO, aiming for growth and shareholder value.

GEMXX Corporation (OTC: GEMZ) achieves a remarkable 600% increase in product deliveries in January, marking a strong start to 2024 with $1,051,374 in retail sales. The company's strategic investments in exploration, research, and development, coupled with operational efficiency, position it for continued success and growth.

GEMXX Corporation (GEMZ) reveals the remarkable growth projections of the jewelry market in India, with an estimated increase of USD 21.54 billion anticipated between 2023 and 2027. The colored gemstones market in India is expected to reach US$ 707.8 million in 2024, with a robust 10.5% CAGR projected between 2023 and 2033, culminating in a staggering US$ 1.9 billion for the market by 2033. GEMXX Corp is strategically positioned to capitalize on this growing trend, offering an extensive range of ammolite products to cater to the evolving preferences of the Indian market.

GEMXX Corporation (GEMZ) anticipates significant growth over the next 24 months due to the burgeoning demand for ammolite jewelry and the sustained upward trajectory in gold prices. The company's expansion into the mining of gold reserves in Canada is expected to reduce raw material costs, accumulate reserves for future funding needs, and attract investors looking for precious metal-based stocks.

GEMXX Corporation (OTC: GEMZ) is set to present at the Sequire Investor Summit 2024 in Puerto Rico, offering exciting opportunities for funds, companies, and investors. The event aims to bring together forward-thinking investors and issuers with world-class speakers, featuring 40+ presentations, panel discussions, and interactive sessions. Puerto Rico's favorable tax benefits make it an attractive location for investors. GEMXX looks forward to sharing its knowledge and expertise at the summit, highlighting its revenue model for the 'Mine to Consumer' markets.

GEMXX Corporation (GEMZ) announces a 'letter of Intent' to move ahead with a proven Yukon Gold Project, with 2.2 Million Ounces of Gold resources. The company plans to implement a pilot mine in 2024 and extend the closing deadline for the project. Analysts predict gold prices reaching or exceeding $2,500 per ounce, which could lead to improved valuation and excellent potential for growth for GEMXX.