Gulf Resources Announces Strategic Cooperation Agreement With Montes Verdes Participacoes
GURE•Strategic cooperation agreement and international expansion plan
Aug. 26 (Reuters) - Gulf Resources Inc. GURE.O:
- Gulf Resources announces an international expansion plan and a strategic cooperation agreement with a Brazilian company, Montes Verdes Participacoes Ltda.
- Gulf Resources enters into a strategic cooperation agreement with Montes Verdes on Aug. 20, 2026.
- Gulf Resources and Montes Verdes will establish a joint venture for international business.
- Montes Verdes guarantees 2027 sales revenue of at least $180 million, consolidated into Gulf's listed-company system.
- Under the deal, Montes Verdes guarantees annual sales growth of at least 20% for five years after 2027.
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