GEMXX Forecasts Robust Growth Amidst Surging Demand for Ammolite Jewelry and Gold

LAS VEGAS, Jan. 23, 2024 (GLOBE NEWSWIRE) -- via IBN -- GEMXX Corporation ( OTC: GEMZ ) ("GEMXX" or the "Company"), a leading provider of exquisite gemstone jewelry and mine-to-market gold producer anticipates significant growth over the next 24 months. The Company is strategically positioned to capitalize on the burgeoning demand for ammolite jewelry and the sustained upward trajectory in gold prices.

Ammolite

With ammolite becoming the official gemstone of Canada, it has rapidly gained recognition as a rare gemstone, becoming desirable around the world for its unique history and rich colors. The gemstone’s vibrant colors and limited availability make it a prized possession. GEMXX has experienced additional demand throughout India and Asia as the gemstone appeals to a discerning clientele seeking exclusive and collectible pieces.

Gold

GEMXX Corporation’s expansion into the mining of gold reserves in Canada is a new and welcomed asset to the Company’s balance sheet. Gold adds considerable support to the Company’s “Mine-to-Market” business model in three core elements affecting long-term sustainable profitability:

First, the Company can cut its raw material costs by roughly 60% by mining its own gold for its jewelry segment. These cost savings will not only reduce the cost of goods, but the savings will also be reflected in higher and predictable profit margins.

Second, with effective mining of the gold reserves, GEMXX will be able to accumulate reserves for future funding needs for the Company. Therefore, avoiding additional dilutive fundraising by issuing stock or taking on debt to fund the Company.

Third, investors will be able to participate in a stock based on precious metals and gemstones. With the price of gold today at approx. USD $2,000 per ounce, the future looks promising for gold as it is projected to reach new highs in the coming 24 months. Furthermore, as global economic uncertainties persist, investors are turning to traditional safe-haven assets, particularly gold.

GEMXX Corporation's diversified portfolio, including its gold-related ventures, positions the Company to benefit from the ongoing appreciation in gold prices. "We are excited about the tremendous potential for growth in both the ammolite and gold markets," said Richard Clowater, President of GEMXX Corporation. "Our commitment to quality, craftsmanship and our ability to adapt to market dynamics position us for sustained success. We are confident we will be able to deliver strong returns to our shareholders," further stated Clowater.