Fortitude Gold Announces Uplisting to OTCQB Market

Rhea-AI Summary

Fortitude Gold has announced its common stock has been approved for quotation on the OTC Markets OTCQB Venture Market, effective March 5, 2021. The company's shares will continue to trade under the symbol FRTT. Fortitude Gold is focused on gold production, development, and exploration, particularly in Nevada.

The company aims to maintain low operating costs, strong returns, and plans for organic growth while remaining debt-free. The Isabella Pearl gold mine is currently in production, contributing to its portfolio of high-grade gold properties.

Positive

• Uplisting to OTCQB is expected to increase visibility and trading volume.
• The company operates in Nevada, a mining-friendly jurisdiction.
• Fortitude Gold aims to maintain low operating costs and high margins.

Negative

• Forward-looking statements indicate potential risks and uncertainties.
• Actual production rates may not meet expectations.
• The COVID-19 pandemic could impact operations and supply chains.

COLORADO SPRINGS, CO / ACCESSWIRE / March 4, 2021 / Fortitude Gold (OTCQB:FRTT) (the "Company") today announced that its common stock was approved for quotation on the OTC Markets Group, Inc.'s OTCQB® Venture Market (the "OTCQB"). The Company's common shares will continue to trade under the symbol "FRTT". Trading on the OTCQB is expected to be effective on March 5, 2021. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

For more information on Fortitude Gold, please visit www.fortitudegold.com. Investors can find Real-Time quotes and market information for Fortitude Gold on https://otcmarkets.com.

About Fortitude Gold Corp.:
Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins and strong returns on capital. 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:
Greg Patterson
719-717-9825
greg.patterson@fortitudegold.com
www.Fortitudegold.com

SOURCE: Fortitude Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/633612/Fortitude-Gold-Announces-Uplisting-to-OTCQB-Market

FAQ

When will Fortitude Gold begin trading on the OTCQB?

Fortitude Gold will begin trading on the OTCQB on March 5, 2021.

What is Fortitude Gold's stock symbol?

Fortitude Gold trades under the stock symbol FRTT.

What is the focus of Fortitude Gold's operations?

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

What are the potential risks mentioned by Fortitude Gold?

Potential risks include the impact of the COVID-19 pandemic and uncertainties in production rates.