Welcome to our dedicated page for Gulf Resource news (Ticker: GURE), a resource for investors and traders seeking the latest updates and insights on Gulf Resource stock.
Gulf Resources Inc (GURE) operates as a key manufacturer of bromine, crude salt, and specialty chemicals serving oil & gas, water treatment, and industrial sectors. This page aggregates official press releases and verified news about the company’s operational developments, financial disclosures, and market activities.
Investors and industry professionals will find timely updates on production milestones, regulatory filings, and strategic initiatives. Content spans earnings announcements, manufacturing capacity changes, product innovations, and resource management updates relevant to chemical industry stakeholders.
All materials are sourced directly from company communications or reputable financial publications. The curated collection enables efficient tracking of GURE’s performance in bromine production, natural gas exploration developments, and crude salt trade dynamics.
Bookmark this page for streamlined access to Gulf Resources’ latest disclosures. Check regularly for updates impacting chemical sector investments and industrial supply chain analysis.
Gulf Resources has announced the acquisition of five crude salt fields through its subsidiary, Shouguang Hengde Salt Industry. The total cost of the acquisition is RMB280,762,000 (around USD $38.6 million). The fields span 5,141,000 square meters, and 80% of the payment will be made in cash, while the remaining 20% will be paid in shares within three months after inspection. This acquisition supports the reopening of bromine factories #2 and #10, with production expected to commence in the first half of 2025. The company anticipates improved well drilling and higher utilization levels. The deal also involves investments in flood protection and aims to leverage new opportunities in zinc/bromine and sodium-ion batteries, suggesting future price increases for bromine and crude salt.
Gulf Resources (NASDAQ: GURE) has received a non-compliance notice from Nasdaq due to its failure to timely file its quarterly report for the quarter ended March 31, 2024. This follows a previous notice received in April 2024 for not filing its annual report for the fiscal year ended December 31, 2023. The company has until June 17, 2024, to submit a compliance plan to Nasdaq. If accepted, Gulf Resources may have until October 14, 2024, to comply. Failure to meet these deadlines could result in the delisting of its common stock. Gulf Resources is working diligently to complete the outstanding reports.
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