Popular on Rezul
- Tampa-Based Social Media Marketing Agency Launches New Website to Help Local Businesses Grow Online
- The Tide Project Opens at Biennale Architettura 2025 in Venice Amplifying Youth Voices
- Aureli Construction Sets the Standard for Seamless Home Additions in Greater Boston
- Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
- The Paris Court of International Arbitration Elects Dr. John J. Maalouf as its New President
- Divorce-Online Marks 25 Years Transforming Family Law Services in the UK
- Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving
- Georgia's Traditions of Braselton to Host Spring Open House Event
- Visa Named Title Sponsor of Ascending Athletes' Business Owners Summits for NFL Entrepreneurs
- Harvest Properties Acquires Two San Francisco Bay Area Self Storage Facilities for $44.2 Million
Similar on Rezul
- Coinbase recommends using Winner Mining Classic hashrate for the benefit of everyone
- Detroit Grand Prix High Profile Media Exposure, $100 Million Financing for Major Acquisition & Growth Strategy; Remote Lottery Platform: Lottery.com
- FilmHedge Is Letting A.I. Into the Deal Room—And Hollywood Will Never Be the Same
- $100 Million Financing Unlocked for Aggressive Acquisition and Growth Strategy Including Plan to Acquire Remote Lottery Platform: Stock Symbol: LTRY
- Prymax Media & Technology Group Acquires 'Hidden Treasures' From Estate of Jewel Records Founder Stan Lewis
- GENIUS EDGE DEFI™ Distributed Energy Flexible Infrastructure
- 150% Increase in Fiscal Q2 Sales vs Previous Year to $750,000; Continuous Record Quarters & Profitability for Homebuilding Product: Innovative Designs
- The Jesse Roldan Team and Biz Hub Financial Successfully Facilitate One-Day Closing for Investor Deal in Hellertown, PA
- $10 Million Plan to Acquire Successful Remote Lottery Platform: Expanding Global Footprint into Live Entertainment: Lottery.com (Stock Symbol: LTRY)
- Fairmint Releases Whitepaper for Open Captable Protocol (OCP) to Advance On-Chain Equity Securities
Vortex Brands Begins Gold Purchases Under New Joint Venture with Dubai-Based Partner
Rezul News/10701666
DENVER - Rezul -- Vortex Brands Co., a diversified holding company focused on scalable, asset-backed ventures, is pleased to announce it has officially commenced gold purchases under a newly formed joint venture with a Dubai Free Zone company. The JV is focused on acquiring gold dore and bullion from artisanal miners in Africa and exporting it to Dubai for refining and sale.
The initial purchase of 10 kilograms of gold dore has been fully funded and is currently being picked up and transported to Dubai for refining and monetization. Upon completion of this transaction, an additional 10-kilogram purchase will immediately follow, with transactions scheduled to occur on a biweekly basis. The gold dore being acquired is approximately 95% pure, ensuring high recovery value upon refining.
The joint venture is expected to scale to as much as 1,000 kilograms (1 metric ton) of gold per month, based on the current production capacity and supply commitments offered to the JV partners by artisanal sources.
More on Rezul News
The JV partner, a Dubai Free Zone company, is responsible for overseeing the handling, refining, and sale of the gold, ensuring full regulatory compliance, efficient processing, and streamlined access to global buyers in one of the world's most trusted gold trading centers.
"This is a transformative moment for Vortex Brands," said Todd Higley, CEO of Vortex Brands. "We've spent months establishing reliable supply chains and refining partners and now we're positioned to participate in the global gold trade with a structure that is scalable, secure, and profitable. With increasing global demand for gold and tightening supply, we believe this JV opens the door to long-term value creation for our shareholders."
This move comes at a time when gold continues to gain prominence as both a hedge against inflation and a reserve asset in uncertain markets. According to the World Gold Council, central bank gold purchases remain at multi-decade highs, and artisanal mining continues to supply a significant portion of the global gold market--making this JV both timely and strategically important.
More on Rezul News
The joint venture supports VTXB's broader objective of building diversified, revenue-generating verticals in real assets. The Company will provide further updates as additional milestones are achieved under this partnership.
About Vortex Brands Co. (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 a new gold joint venture 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.
The initial purchase of 10 kilograms of gold dore has been fully funded and is currently being picked up and transported to Dubai for refining and monetization. Upon completion of this transaction, an additional 10-kilogram purchase will immediately follow, with transactions scheduled to occur on a biweekly basis. The gold dore being acquired is approximately 95% pure, ensuring high recovery value upon refining.
The joint venture is expected to scale to as much as 1,000 kilograms (1 metric ton) of gold per month, based on the current production capacity and supply commitments offered to the JV partners by artisanal sources.
More on Rezul News
- Thousands of Bats Explode from Florida Roof During Cleaning By Local Pressure Washing Company
- JVRE Realty Inc. Expands Rapidly Across Ontario — Announces Fifth Branch Opening in Windsor
- Deadline Extended: More Time to Submit Your Proposal for the OpenSSL Conference 2025
- "We Don't Give a Crap About Interest Rates." Baby Boomers are Flexing Their Equity Muscles
- Pulitzer Prize Nominated Lauren Coyle Rosen Releases New Album, Covers and Veils in Blue
The JV partner, a Dubai Free Zone company, is responsible for overseeing the handling, refining, and sale of the gold, ensuring full regulatory compliance, efficient processing, and streamlined access to global buyers in one of the world's most trusted gold trading centers.
"This is a transformative moment for Vortex Brands," said Todd Higley, CEO of Vortex Brands. "We've spent months establishing reliable supply chains and refining partners and now we're positioned to participate in the global gold trade with a structure that is scalable, secure, and profitable. With increasing global demand for gold and tightening supply, we believe this JV opens the door to long-term value creation for our shareholders."
This move comes at a time when gold continues to gain prominence as both a hedge against inflation and a reserve asset in uncertain markets. According to the World Gold Council, central bank gold purchases remain at multi-decade highs, and artisanal mining continues to supply a significant portion of the global gold market--making this JV both timely and strategically important.
More on Rezul News
- Central Florida Real Estate Prices Decline: What It Means for Buyers and Sellers
- Detroit Grand Prix High Profile Media Exposure, $100 Million Financing for Major Acquisition & Growth Strategy; Remote Lottery Platform: Lottery.com
- Tomorrow's World Today Shines Bright with Four Telly Awards at the 46th Annual Telly Awards
- Flexi-View Lending Closes $9.5 Million Commercial Loan for Property Acquisition in Dallas, TX
- Greenfield Communities Honored with Eight 2025 MAME Awards
The joint venture supports VTXB's broader objective of building diversified, revenue-generating verticals in real assets. The Company will provide further updates as additional milestones are achieved under this partnership.
About Vortex Brands Co. (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 a new gold joint venture 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.
Source: Vortex Brands Co.
0 Comments
Latest on Rezul News
- Create Your Retreat: Final Presale Opportunity at Chattahoochee Reserve on Lake Lanier
- Smart Style Floor Plans Showcasing Stylish, Affordable Home Exterior Designs
- New Website Launch Positions TekTone Builders As Tulsa's Commercial Construction Leader
- Explore Luxury Homes for Sale in Las Vegas with Blue Heron
- Inframark Expands Its Capabilities and Presence in Arizona, Adding Wastewater Experts Mehall Contracting
- FilmHedge Is Letting A.I. Into the Deal Room—And Hollywood Will Never Be the Same
- This Artificial Intelligence Platform Could Change How Hollywood Gets Funded Forever
- $100 Million Financing Unlocked for Aggressive Acquisition and Growth Strategy Including Plan to Acquire Remote Lottery Platform: Stock Symbol: LTRY
- ARCH Dental + Aesthetics Unveils New Website for Enhanced Patient Experience
- Juventix Regenerative Medical Announces Strategic Partnership with Juvasonic® to Expand Needle-Free Biologic Delivery Platform
- A-One Janitorial Grows El Paso Operations Amid Meta and Microsoft Expansion
- Upper Westside Gem: Don't Miss This Rare Opportunity for ITP Living at an OTP Value
- Hunters Run GM Optimistic About Future Of Club's Real Estate
- Final Building Release at Popular Townhome Community, The Collection at Wolf Creek in Lawrenceville
- Prymax Media & Technology Group Acquires 'Hidden Treasures' From Estate of Jewel Records Founder Stan Lewis
- Cooking with the Godfather Blends Family Tradition, Italian Flavor, and Leadership Wisdom
- Group Seeks End to Mandated Community Psychiatric Programs, Citing Global Alarm
- CoreIntegrator Announces Sage Intacct Approved A/P One Integration, Becoming an Official Sage Partner
- GENIUS EDGE DEFI™ Distributed Energy Flexible Infrastructure
- Enable Accessible Haircare Wins Bronze at 2025 NACD Packaging Awards