Fortitude Gold Announces Ticker Symbol and Trade Clearance

Rhea-AI Summary

Fortitude Gold Corp. (OTC PINK:FRTT) announced that its Form 211 submission to FINRA has been cleared, allowing its shares to trade under the symbol FRTT on the OTCQB Market shortly. The company operates in Nevada, focusing on gold production, development, and exploration, aiming for low operating costs and high returns. Notably, the Isabella Pearl gold mine is currently in production. Fortitude seeks to grow organically, remain debt-free, and distribute future dividends. However, investors should consider forward-looking statements and the inherent risks associated with mining operations.

Positive

• Shares qualified for trading under symbol FRTT on OTCQB Market.
• Focus on low operating costs and high returns enhances growth potential.
• Current production at the Isabella Pearl gold mine supports revenue.

Negative

• Forward-looking statements carry risks and uncertainties.
• COVID-19 may impact mining operations and supply chains, affecting future results.

COLORADO SPRINGS, CO / ACCESSWIRE / February 18, 2021 / Fortitude Gold Corp. (the "Company")(OTC PINK:FRTT)(OTCQB:FRTT) today announced its submission of Form 211 to the Financial Industry Regulatory Authority (FINRA) has been cleared and the Company's shares now qualify for trading under the symbol "FRTT". The Company expects to begin trading on the OTCQB Market within days. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

About Fortitude Gold Corp.
Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, strong returns on capital and high margins. The Company strategy is to grow organically, remain debt-free and distribute substantial future dividends. The Company's Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt, with the Isabella Pearl gold mine in current production. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.

Cautionary Statements
This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Fortitude Gold Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Fortitude Gold Corporation on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements.

Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause future actual results to differ materially from those expressed or implied by such forward-looking statements. Also, there can be no assurance that production will continue at any specific rate.

Contact:
719-717-9825
info@fortitudegold.com
www.Fortitudegold.com

SOURCE: Fortitude Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/630638/Fortitude-Gold-Announces-Ticker-Symbol-and-Trade-Clearance

FAQ

When will Fortitude Gold's shares start trading under the symbol FRTT?

Fortitude Gold's shares are expected to begin trading on the OTCQB Market shortly after the clearance of their Form 211 submission.

What is the significance of the Form 211 submission for Fortitude Gold?

The Form 211 submission cleared by FINRA allows Fortitude Gold to trade its shares publicly under the symbol FRTT.

What are Fortitude Gold's main business operations?

Fortitude Gold focuses on gold production, development, and exploration, primarily in Nevada.

What are the goals of Fortitude Gold Corp.?

The company aims to grow organically, remain debt-free, and distribute substantial future dividends.

What risks are associated with investing in Fortitude Gold?

Investors should be aware of risks tied to forward-looking statements and potential impacts from the COVID-19 pandemic on operations.