(TheNewswire)
HIGHLIGHTS
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Metallum is now trading on USA based OTCQB under theticker code of MTLLF
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The OTC listing aims to provides greater visibility andliquidity of Metallum shares
Metallum Resources Inc. - TheNewswire – July 27, 2022 - (TSXV:MZN ) ; ( OTC:MTLLF) (“Metallum” or the“Company”) is pleased to announce asecondary listing on the OTCQB marketplace under the symbol“MTLLF”. The Company’s common shares will continue to trade onthe TSX Venture Exchange under the symbol “MZN”. https://www.otcmarkets.com/stock/MTLLF/overview
Trading of Metallum shares on the OTC is aimed atenhancing the visibility and accessibility of the Company to US basedinvestors, with the listing allowing potential US investors to bothtrade and settle in US dollars.
The OTC is an established trading platform, operated byOTC Markets Group in New York, providing livemarket trading incompanies which hold primary listings in other markets. Trading ofMetallum shares on the OTC imposes no additional compliance orregulatory standards over and above the Company’s existingcompliance requirements as a Canadian incorporated entity listed onthe TSX Venture Exchange.
OTC trading is non-dilutive to existing Metallumshareholders, as no new shares are being issued to enable trading onthe OTC.
President and CEO,Kerem Usenmez commented , “ The listing on OTCQB expands Metallum to alarger audience with the key objective to improve liquidity in thestock. We have had a lot of interest from US based investors seekingto participate in our story – an OTC listing makes this a muchsimpler process for them to buy shares in the Company .”
ON BEHALF OF THE BOARD
For further information, contact:
Kerem Usenmez, President & CEO
Tel: 604-688-5288; Fax: 604-682-1514
Email: info@metallumzinc.com
Website: metallumzinc.com
Neither the TSXVenture Exchange nor the Investment Industry Regulatory Organizationof Canada accepts responsibility for the adequacy or accuracy of thisrelease.
Cautionary NoteRegarding Forward-Looking Statements
Certain statements contained in thisnews release constitute forward-looking statements within the meaningof Canadian securities legislation. All statements included herein,other than statements of historical fact, are forward-lookingstatements and include, without limitation, statements about the OTCQBlisting, the Feasibility Study, the updated economics for the Project,and the Company’s development plans for the Project. Often, but notalways, these forward lookingstatements can be identified by the use of words such as“estimate”, “estimates”, “estimated”, “potential”,“open”, “future”, “assumed”, “projected”, “used”,“detailed”, “has been”, “gain”, “upgraded”,“offset”, “limited”, “contained”, “reflecting”,“containing”, “remaining”, “to be”, “periodically”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negative variations.
Forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto be materially different from any results, performance orachievements expressed or implied by forward-looking statements. Suchuncertainties and factors include, among others, the merits of theOTCQB listing; theuncertainties inherent in the Feasibility Study and the updatedeconomics of the Project; whether exploration and development of the Company’s propertieswill proceed as planned; changes in general economic conditions andfinancial markets; the Company or any joint venture partner not havingthe financial ability to meet its exploration and development goals;risks associated with the results of exploration and developmentactivities, estimation of mineral resources and the geology, grade andcontinuity of mineral deposits; unanticipated costs and expenses;risks associated with COVID-19 including adverse impacts on the worldeconomy, exploration and development efforts and the availability ofpersonnel; and such other risks detailed from time to time in theCompany’s quarterly and annual filings with securities regulatorsand available under the Company’s profile on SEDAR at www.sedar.com.Although the Company has attempted to identify important factors thatcould cause actual actions, events or results to differ materiallyfrom those described in forward-looking statements, there may be otherfactors that cause actions, events or results to differ from thoseanticipated, estimated or intended.
Forward-looking statements containedherein are based on the assumptions, beliefs, expectations andopinions of management, including but not limited to: that the OTCQBlisting will provide greater liquidity; the accuracy of theFeasibility Study and the updated economics of the Project; that theCompany’s stated goals and planned exploration and developmentactivities will be achieved; that there will be no material adversechange affecting the Company or its properties; and such otherassumptions as set out herein. Forward-looking statements are made asof the date hereof and the Company disclaims any obligation to updateany forward-looking statements, whether as a result of newinformation, future events orresults or otherwise, except as required by law. There can be noassurance that forward-looking statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.
QualifiedPerson
The technical information in thisnews release has been reviewed and approved by Andrew Tims, P.Geo.,Exploration Manager of the Company, and a Qualified Person as definedby National Instrument 43-101 – Standards of Disclosure for MineralProjects.
ABOUT METALLUM RESOURCES
Metallum Resources (MZN.TSXV; OTCQB:MTLLF) owns 100% of the Superior Lake Zinc and Copper Project inOntario, Canada. The Project ranks as the highest grade zinc projectin North America with a resource of 2.35 Mt at 17.9% Zn, 0.9% Cu, 0.4g/t Au and 34 g/t Ag.
The Company completed a positive Feasibility Study thathighlights the Project will rank in the lowest quartile of operatingcosts (C1 costs – C$0.44 / lb; AISC C$0.51 / lb). These low costsdriven by the high grade of the Project drive robust economic returns.The majority of permits and licenses are in place allowing for a quickre-development following a Final investment Decision.
For further details about the Company and the SuperiorProject, please visit the Company’s website at metallumzinc.com .
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