Gulf Resources Signs Agreements To Acquire Crude Salt Fields For Aggregate Price Of $38,619,257
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Gulf Resources Signs Agreements To Acquire Crude Salt Fields For Aggregate Price Of $38,619,257
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SC 13G - GULF RESOURCES, INC. (0000885462) (Subject)
SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the nine and three months ended September 30, 2024. Three Months ended September 30, 2024: Revenues for the third quarter were $2,242,365, a decline of 61.8% compared to the same period of 2023.The net loss was $3,492,883, and the basic and diluted loss was $0.33 per share.During the third quarter, bromine revenues declined by 68% to $1,571,313 and crude salt revenues declined by 26% to $654,039.Bromine operation loss
SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company will host a conference call on Wednesday, November 20, 2024 at 08:00 AM Eastern Time to discuss its Third Quarter 2024 results ended September 30, 2024. Mr. Xiaobin Liu, CEO of Gulf Resources, will be hosting the call. The Company management team will be available for investor questions following the prepared remarks. To participate in this live conference call, please dial Toll Free +1 (888) 506-0062 five to ten minutes prior to the scheduled con
SHOUGUANG, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we", or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its Letter to Shareholders as below. "Dear Shareholders, We want to emphasize our commitment to communicating actively with our shareholders. This letter is an integral part of our communication efforts. On April 16, 2024, we dismissed our auditors, WWC PC, and engaged GGF CPA Limited as our new auditor when we realized our audit would not be completed on time. Transitioning to new auditors at the last minute posed significant challenges, as we had to rest
4 - GULF RESOURCES, INC. (0000885462) (Issuer)
4 - GULF RESOURCES, INC. (0000885462) (Issuer)
4 - GULF RESOURCES, INC. (0000885462) (Issuer)
SHOUGUANG, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced the following press release to provide investors with a detailed overview of the key factors impacting our bromine segment, specifically focusing on how changes in both pricing and volume have influenced performance. Similar to oil and gold, we believe our company has a relatively fixed amount of bromine available for extracting from our properties. During the COVID-19 pandemic, demand for bromine, especially for antiseptics surged. Based on numbers from Suns
SHOUGUANG, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we", or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today issued a press release related to the purchase of additional land for salt fields and bromine. As previously reported by the Company in its SEC filings, in June 2024, we reached agreements to acquire five salt fields covering a total of 5,141,000 square meters for an aggregate purchase price of RMB 280,762,400. The Company paid 80% in cash and agreed to pay the remaining 20% in stock, with the terms and the pricing of the stock still under negotiation. The Company bel
SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the nine and three months ended September 30, 2024. Three Months ended September 30, 2024: Revenues for the third quarter were $2,242,365, a decline of 61.8% compared to the same period of 2023.The net loss was $3,492,883, and the basic and diluted loss was $0.33 per share.During the third quarter, bromine revenues declined by 68% to $1,571,313 and crude salt revenues declined by 26% to $654,039.Bromine operation loss
Gulf Resources, Inc. (NASDAQ:GURE) shares are trading lower by 10.4% to $1.08 during Friday’s session. The stock is trading lower, pulling back following Wednesday’s strength, after the company announced the signing of agreements to acquire crude salt fields. What Happened? Subsidiary Shouguang Hengde Salt Industry agreed to purchase crude salt fields in China for RMB280,762,000 (about USD $38,619,257). The acquisition involves 5 parcels totaling 5,141,000 square meters (approximately 1,270 acres). 80% of the payment (RMB224,609,600 or approximately USD $30,895,406) will be made in cash upon signing, with the remaining 20% paid in company shares within three months, post-inspection.
8-K - GULF RESOURCES, INC. (0000885462) (Filer)
10-Q - GULF RESOURCES, INC. (0000885462) (Filer)
NT 10-Q - GULF RESOURCES, INC. (0000885462) (Filer)