Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF) announced that its common shares have qualified to trade on the OTCQX Best Market in the United States, effective immediately. The company has been upgraded from the OTCQB Venture Market, marking a significant milestone for the mineral exploration company.
Campbell Smyth, Chairman of Fitzroy, commented: "We are excited to have qualified for graduating to the OTCQX Market. This graduation improves our visibility to U.S. investors, increases liquidity, and highlights our commitment to creating long-term value for shareholders, as we advance the Buen Retiro and Caballos Copper Projects in Chile."
The company's common shares begin trading today on OTCQX under the symbol "FTZFF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the Americas. The company's current property portfolio includes the Buen Retiro Copper Project located near Copiapó, Chile, the Caballos Copper and Polimet Gold-Copper-Silver projects located in Valparaiso, Chile, the Taquetren Gold Project located in Rio Negro, Argentina, and the Caribou Project in British Columbia, Canada. Fitzroy Minerals' shares are listed on the TSX Venture Exchange under the symbol FTZ and on the OTCQX under the symbol FTZFF.
This upgrade to OTCQX is expected to broaden the company's investor base and enhance trading liquidity, as U.S. investors gain easier access to the stock. The move underscores Fitzroy Minerals' commitment to transparency and corporate governance, aligning with the requirements of the OTCQX market. As the company continues to advance its copper projects in Chile, the improved visibility could attract additional investment and support its growth strategy.
