{
  "id": 3506803,
  "title": "Gulf Resources signs cooperation deal with Brazilian mining firm",
  "url": "https://urgent.news/2026/08/26/gulf-resources-signs-cooperation-deal-with-brazilian-mining-firm",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-26T12:36:38.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/gulf-resources-signs-cooperation-deal-with-brazilian-mining-firm-93CH-4877180"
  },
  "original_language": "en",
  "account": "SHOUGUANG, China - Gulf Resources, Inc. (NASDAQ: GURE) has entered into a strategic partnership with Brazilian mining firm Montes Verdes Participacoes Ltda. The two companies will form a joint venture, combining Gulf Resources' bromine and crude salt production with Montes Verdes' expertise in mineral exploration. The deal, announced on August 20th, guarantees a minimum of $180 million in consolidated sales revenue for Gulf Resources by 2027, with the Brazilian company committed to achieving a 20% annual sales growth over the next five years. If the 2027 sales target is met and profitability is on par with industry standards, additional shares of Gulf Resources may be issued based on the average price-to-earnings ratio for that year. Liu Xiaobin, Chairman and CEO of Gulf Resources, expressed optimism about the partnership, stating that it will provide the company with new revenue streams outside of China and improve its capital structure flexibility. The joint venture will leverage Gulf Resources' extraction and production technology alongside Montes Verdes' extensive mineral resources, including bromine and lithium deposits. Gulf Resources operates through three wholly-owned subsidiaries in China. Discussions are ongoing regarding additional details of the agreement.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}