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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. ‘My vision is to lead GEMR into new frontiers of value creation, and this cryptocurrency treasury policy is a central pillar of that strategy. Through this framework, we gain optionality in how we deploy capital, broaden our settlement universe, and strengthen resilience in volatile macro environments,’ says Executive Chair Louis Ching. Current share price: 0.80 pence, up 23% on Thursday afternoon in London 12-month change: down 22% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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