Trending...
- Governor Polis Attends Colorado River Discussions with Interior Secretary and Western Governors
- Precision Adult Care Expands 24/7 Adult In-Home Care Services to Meet Growing Demand in the Coachella Valley
- FondoQuantaX Completes Core Trading Engine Upgrade: Refactoring High-Concurrency Architecture with AI Adaptive Algorithms to Navigate Market Extremes
DENVER - ColoradoDesk -- 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 Colorado Desk
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 Colorado Desk
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 Colorado Desk
- Sleep Basil Curates a Clearer Brooklyn Bedding Experience for Performance-Minded Denver Sleepers
- Nevada Man Launches Nationwide Animal Abuse Registry
- Star-powered Kappa Takeover Weekend Returns to the DMV June 18- 21, 2026, Hosted By Comedian Joe Clair W/ Dj Quick Silva (the Party Kingpin)
- Colorado: Governor Polis Announces Sodern America Aerospace Expansion in Douglas County
- Boulder SEO Marketing Founder Chris Raulf to Present on AI SEO and Social Media Integration at Widefoc.us Webinar
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 Colorado Desk
- Colorado: Governor Polis Calls for Federal Action to Support Freedom in Light of the Hemani Case
- Scoop Social Co. Wins The Knot and WeddingWire Awards as Brand Expands Nationwide
- Denise Murphy Lenci Promoted to Century Fasteners Corp. – General Manager, Northeast Sales
- Jones Law Firm, PC Launches Parker Page to Help Local Families Navigate Divorce and Custody with Clarity
- TiNY Puts Real Pets on the Payroll for New PetArmor Campaign
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 Colorado Desk
- Colorado: Governor Polis Announces Staff Updates
- Eagle Americas Expands Into the Western U.S. With High West Machine Tool
- Governor Polis Attends Colorado River Discussions with Interior Secretary and Western Governors
- Colorado: Lt. Governor Primavera, as Acting Governor, Issues a Verbal Disaster Declaration for Avian Flu Outbreak in Weld County
- Desert Mountain Club Earns Prestigious Blue Zones Approved™ Triple Designation, a New Standard for Well-Being in a Luxury Lifestyle Community
- Outsports announces record-breaking number of LGBTQ+ athletes at 2026 Milan Winter Olympics
- Sheffield Clinic Highlights Safe, Inclusive Laser Hair Removal While Improving Access
- Appliance EMT Partners with Kids Motel Ministry in Metro Atlanta
- CNCPW Divulga Dados de Liquidez do 1º Trimestre: Confirma 100% de Reservas e Atualiza Protocolos de "Saque CNCPW" Contra Fluxos Ilícitos
- Tech Workers Are Escaping "Forever Layoffs" By Becoming Their Own Boss
- Colorado Committed to Solutions Ahead of Colorado River Talks
- Colorado: Department of Local Affairs Announces New Incentive to Fast-Track More Housing Coloradans Can Afford
- Colorado Welcomes Delegation from Japan, Showcases Leadership in Photonics, Quantum, and Semiconductors
- Colorado: Governor Polis Cabinet Update
- Heritage at South Brunswick Celebrates First Home Closing and Strong Sales Momentum
- WinkBeds High-Performance Hybrid Mattresses Debut at Sleep Basil Denver With In-Store Comfort Testing
- Tampa Nonprofit Expands Recovery Services for Men in Crisis With New Farm Program in Plant City
- IYKYK! Coffee Lab Thriving in Huntington Beach, Blending Elevated Coffee, Matcha, Music, and Community
- Accountants Near Me Cheyenne Opens U.S. Directory for Accountants, Bookkeepers and Tax Services
- Sacred Surrogacy, CFC, and Egghelpers Launch Women's Retreats