Hiru Corporation (HIRU) Dubai Expansion Gold Processing

Rhea-AI Summary

Hiru announces its entry into the gold market with the acquisition of a West African mine and the establishment of a regional office in Dubai. The company aims to partner with Central Banks and stakeholders to procure gold and become a key player in the vibrant Dubai gold market.

Company Setting up Dubai UAE Regional Presence to Process Own Gold and Act as Intermediary Broker

Miami, Florida--(Newsfile Corp. - April 10, 2024) - Hiru Corporation (OTC Pink: HIRU), www.otchiru.com (The Company) proudly announces its launch and entrance into a groundbreaking project closely linked to:

1. Merger / Acquisition of a prominent gold mine in West Africa. This initiative marks a significant strategic move for the company as it aims to forge partnerships with Central Banks and key stakeholders in Africa to facilitate the procurement of gold. (Note the HIRU newly appointed COO is an affiliate of the West African mine project) More details will follow on the project via separate PR and or OTC filing.

2. Setting up a regional office in Dubai as a gold trader for its own mine projects and those that the company will operate in a joint venture type formation. (JV) Note: The mines displayed on our new corporate website mining.otchiru.com are JV type projects each in various stages) More comprehensive updates will be released in a separate filing and PR in due course.

3. In addition to the above, the other primary objective of the Dubai endeavor is to secure gold from various Central Banks and verified sellers across the African continent, aligning seamlessly with our overarching goal of achieving profitable resale in the vibrant gold market of Dubai. Hiru Corporation plans to execute this strategy by purchasing gold at competitive prices, leveraging efficient transportation, and securing necessary licensing arrangements.

As part of our meticulous planning, we intend to procure gold at the London Metal Exchange (LME) World Prices, ensuring competitiveness by offering a discounted rate of 15%. Dubai has been chosen as the prime marketplace for resale due to its dynamic gold market and advantageous tax-free legislation. This regulatory environment enables us to sell gold without imposing Value Added Tax (VAT), thereby maximizing profits for our stakeholders.

"Our foray into the gold market of West Africa represents a strategic milestone for Hiru Corporation," stated management of Hiru Corporation. "We are excited about the potential of this venture and are confident in our ability to deliver value to our shareholders while fostering mutually beneficial partnerships with Central Banks and other key players in Africa."

The Company current capacity capabilities range between $1,5 to $2 million dollars per week in gold transactions. As a Company we aim to achieve a target profit margin of 5% to 7% (market rate) on each transaction, carefully calculated to be both competitive and sustainable in the dynamic gold market landscape. This endeavor underscores our commitment to delivering tangible returns for our shareholders while expanding our footprint in the global commodities market. These projected revenues do not include our current logistics and ecommerce division and operations.

For further information and updates on this strategic turnaround, please follow our news and disclosure section and X account.

More updates will follow shortly on this project and other mining and JV projects.

About Hiru Corporation

HIRU is a holding Company (The Company) holds interest in 3 operating enterprises.

1. Mining Business in Africa
2. Gold Trading / Processing (United Arab Emirates (Dubai)
3. Freight & Warehouse services with 2 company-owned physical locations in FL and CA. 

The Company also has a codeshare type of agreement to utilize up to other POP (Point of Presence) locations throughout USA and Canada with over 25 FBA capabilities. The Company also has a well-developed water package infrastructure and a operating water packing division. The water division is currently in a diversification mode & being made available for sale to a qualified buyer / operator. See OTC Filings 3-4-24 (OTC Pink: HIRU) Supplemental filing Business Alignment.

Disclaimer Regarding Forward-Looking Statements

Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.  In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions.  Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.  We caution investors not to rely unduly on any forward-looking statements.

Contact:

Website: www.otchiru.com
Phone: +1 954-228-1053
Email: corporate@otchiru.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204859

FAQ

What is the latest strategic move announced by Hiru ?

Hiru has acquired a prominent gold mine in West Africa and is setting up a regional office in Dubai to become a key player in the gold market.

What is the primary objective of the Dubai endeavor for Hiru ?

The primary objective of the Dubai endeavor is to secure gold from Central Banks and verified sellers across Africa for profitable resale in the Dubai gold market.

How does Hiru plan to execute its gold procurement strategy?

Hiru plans to purchase gold at competitive prices, leverage efficient transportation, and secure necessary licensing arrangements to maximize profits for stakeholders.

Why has Dubai been chosen as the prime marketplace for gold resale?

Dubai has been chosen due to its dynamic gold market and tax-free legislation, enabling the company to sell gold without VAT and maximize profits.