Vortex Brands (OTC: VTXB) Provides Strategic Advisory Services for Gold Transaction, Establishing Framework for Scalable Growth
Rhea-AI Summary
Vortex Brands (OTC: VTXB) has announced its strategic advisory role in gold transactions, marking a new business direction. The company is facilitating the acquisition of gold dore from African artisanal miners for refining and sale in Dubai. The initial transaction involves 7 kilograms of 95% pure gold dore, followed by a 10-kilogram transaction, with plans for bi-weekly operations.
The company's scalable model aims to reach up to 1,000 kilograms (1 metric ton) of gold processing monthly. This strategic move aligns with increased central bank gold purchases and positions VTXB to capitalize on the global gold trade while expanding its real asset portfolio.
Positive
- Initial transaction of 7kg gold dore secured with immediate follow-up of 10kg planned
- High-quality gold dore with 95% purity ensuring good recovery value
- Scalable model with potential to handle up to 1,000kg of gold monthly
- Strategic alignment with increasing central bank gold purchases and market demand
Negative
- Revenue specifics and profit margins from advisory services not disclosed
- Dependency on artisanal miners may pose supply chain risks
- International operations in Africa and Dubai may face regulatory challenges
News Market Reaction 1 Alert
On the day this news was published, VTXB declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vortex Brands is providing key advisory services related to the acquisition of gold dore from artisanal miners in
The first transaction involves the acquisition of 7 kilograms of gold dore, with arrangements underway for its transport to
The gold dore being acquired is approximately
The structure of Vortex Brands' advisory role is designed to scale in proportion to the size of each transaction. The Company anticipates that this model can grow to encompass the acquisition and processing of as much as 1,000 kilograms (1 metric ton) of gold per month, reflecting the significant production capacity and supply commitments available from artisanal sources.
"This engagement represents a strategic advancement for Vortex Brands," said Todd Higley, CEO of Vortex Brands. "By providing our expertise in establishing efficient supply chains and refining partnerships, we are positioning ourselves to capitalize on the global gold trade. This advisory role allows us to participate in a scalable and profitable model, with the potential for significant revenue generation as transaction volumes increase."
This move aligns with the increasing prominence of gold as both an inflation hedge and a valuable asset in uncertain markets. The World Gold Council reports that central bank gold purchases remain at multi-decade highs, and artisanal mining continues to be a key contributor to the global gold market.
Vortex Brands intends to leverage this advisory role to build a robust, revenue-generating vertical within its real asset portfolio. The Company will provide further updates as the business model expands and transaction volumes grow.
About Vortex Brands Co. (OTC: VTXB)
Leveraging its digital asset background, Vortex Brands is expanding into real assets with a sharpened focus on commodities trading. This strategy is underscored by its advisory role in gold transactions and the active pursuit of high-value partnerships and acquisitions in sectors like oil and gas technology, all aimed at building a robust portfolio of asset-backed, revenue-generating ventures.
View original content:https://www.prnewswire.com/news-releases/vortex-brands-otc-vtxb-provides-strategic-advisory-services-for-gold-transaction-establishing-framework-for-scalable-growth-302456016.html
SOURCE Vortex Brands Co.