IN BRIEF: Gem Resources formally adopts cryptocurrency treasury policy
Gem Resources PLC - emerald miner in South Africa, Zambia and Australia - Formally adopts cryptocurrency and digital asset treasury policy as it looks to enter "new frontiers of value creation". Notes the policy is supported by an updated financial position and prospects procedures board memorandum and a new company standard operating procedure. Says that cryptocurrencies, led by bitcoin, will be utilised as both a hedge and a store of value, with the company now able to accept payment for emerald sales in bitcoin and other board-approved cryptocurrencies. Notes that this facilitates trade and offtake with a wider range of partners. Initial assets approved include bitcoin, ethereum and solana. Adds that the policy adoption does not alter the nature of its principal activities. Read More