Gulf Resources Inc (GURE)

[boston127]

Great NEWS today. Heading back UP!!

Going to add a ton more tomorrow AM. Wish I knew about this last week. Better late than never.

Gulf Resources Announced the Receipt of Final Stage Governmental Approval for the Construction of Its New Yuxin Chemical Factory
8:30 am ET January 7, 2020 (Globe Newswire)

Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it has received the environmental protection approval by the government of Shouguang City, Shandong Province for the proposed Yuxin Chemical factory. The environmental protection approval was the last approval required before commencing construction.

With this approval, Gulf Resources plans to begin construction after the end of Chinese New Year holidays or at the latest in early March 2020. The Company expects that the construction could take up to 18-24 months.

This factory will utilize the most modern production techniques available. It will also utilize equipment that uses all modern technology and provides the highest level of environment protection.

Considering the use of modern production techniques and equipment and less competition, Gulf Resources believes this factory will operate with higher profit margins than before.

Mr. Liu Xiaobin, the CEO of Gulf Resources, stated, "We recognize that this process had been a long and frustrating for our management and our shareholders, however we are very pleased to have finally received final approval to begin construction. We look forward to the day when this factory will provide our company with substantial levels of sales and profits."