Gulf Resources signs strategic cooperation deal with Brazil’s Montes Verdes to form joint venture

Gulf Resources entered a strategic cooperation agreement on Aug. 20, 2026 with Brazil’s Montes Verdes to form a joint venture.

• The planned venture targets overseas expansion, integrating Montes Verdes’ mining assets with Gulf’s extraction and production capabilities.
• The agreement includes a revenue guarantee of at least USD 180 million to be consolidated into Gulf’s results in 2027.
• Montes Verdes also guarantees at least 20% annual sales growth for the following five years.
• The deal contemplates potential additional Gulf share issuance if targets are met and profitability matches industry levels.