Greenridge Exploration Announces OTCQB Listing and Receives DTC Eligibility
Greenridge Exploration Inc. (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) has announced its successful listing on the OTCQB Venture Market and achieved DTC eligibility through the Depository Trust Company. The company's shares began trading on OTCQB under the symbol 'GXPLF' on January 15, 2025, while maintaining its listings on the Canadian Securities Exchange and Frankfurt Stock Exchange.
The DTC eligibility enables more efficient electronic clearing and settlement of shares in the United States, reducing costs and expanding access to U.S. brokerage firms. CEO Russell Starr highlighted this development as a significant step in simplifying investment processes and increasing U.S. market exposure. Additionally, the company announced the resignation of Amanuel Bein from its board of directors, effective January 15, 2025.
Greenridge Exploration Inc. (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) ha annunciato il suo successo nell'essere quotata sul OTCQB Venture Market e ha ottenuto l'idoneità DTC attraverso la Depository Trust Company. Le azioni della società sono iniziate a essere scambiate su OTCQB con il simbolo 'GXPLF' il 15 gennaio 2025, mantenendo al contempo le sue quotazioni sulla Canadian Securities Exchange e sulla Frankfurt Stock Exchange.
L'idoneità DTC consente una liquidazione e un regolamento elettronico delle azioni più efficienti negli Stati Uniti, riducendo i costi e ampliando l'accesso alle società di intermediazione statunitensi. Il CEO Russell Starr ha evidenziato questo sviluppo come un passo significativo per semplificare i processi di investimento e aumentare l'esposizione al mercato statunitense. Inoltre, la società ha annunciato le dimissioni di Amanuel Bein dal suo consiglio di amministrazione, con effetto dal 15 gennaio 2025.
Greenridge Exploration Inc. (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) ha anunciado su exitosa cotización en el OTCQB Venture Market y ha logrado la elegibilidad DTC a través de la Depository Trust Company. Las acciones de la compañía comenzaron a cotizar en OTCQB bajo el símbolo 'GXPLF' el 15 de enero de 2025, manteniendo al mismo tiempo sus listados en la Canadian Securities Exchange y la Frankfurt Stock Exchange.
La elegibilidad DTC permite un cumplimiento y liquidación electrónica de acciones más eficientes en los Estados Unidos, reduciendo costos y expandiendo el acceso a las firmas de corretaje de EE.UU. El CEO Russell Starr destacó este desarrollo como un paso significativo para simplificar los procesos de inversión y aumentar la exposición al mercado estadounidense. Además, la compañía anunció la dimisión de Amanuel Bein de su junta directiva, a partir del 15 de enero de 2025.
Greenridge Exploration Inc. (CSE: GXP | FRA: HW3 | OTCQB: GXPLF)는 OTCQB 벤처 마켓에 성공적으로 상장되었으며, 예탁신탁회사를 통해 DTC 자격을 달성했다고 발표했습니다. 회사의 주식은 2025년 1월 15일부터 'GXPLF' 기호로 OTCQB에서 거래를 시작하였고, 캐나다 증권거래소 및 프랑크푸르트 증권거래소의 상장은 유지하고 있습니다.
DTC 자격은 미국에서 주식의 전자 청산 및 결제를 보다 효율적으로 수행할 수 있도록 하여 비용을 줄이고 미국 중개업체에 대한 접근을 확대합니다. CEO 러셀 스타르는 이 발전을 투자 프로세스를 단순화하고 미국 시장에 대한 노출을 증가시키기 위한 중요한 단계로 강조했습니다. 또한, 회사는 2025년 1월 15일부로 이사 Amanuel Bein의 사임을 발표했습니다.
Greenridge Exploration Inc. (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) a annoncé son inscription réussie sur le OTCQB Venture Market et a obtenu l'éligibilité DTC via la Depository Trust Company. Les actions de l'entreprise ont débuté leur cotation sur OTCQB sous le symbole 'GXPLF' le 15 janvier 2025, tout en maintenant ses cotations à la Canadian Securities Exchange et à la Frankfurt Stock Exchange.
L'éligibilité DTC permet un règlement électronique des actions plus efficace aux États-Unis, réduisant les coûts et élargissant l'accès aux sociétés de courtage américaines. Le PDG Russell Starr a souligné ce développement comme une étape significative pour simplifier les processus d'investissement et augmenter l'exposition au marché américain. De plus, la société a annoncé la démission d'Amanuel Bein de son conseil d'administration, à compter du 15 janvier 2025.
Greenridge Exploration Inc. (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) hat seine erfolgreiche Listung im OTCQB Venture Market bekannt gegeben und die DTC-Eignung über die Depository Trust Company erreicht. Die Anteile des Unternehmens begannen am 15. Januar 2025 den Handel auf OTCQB unter dem Symbol 'GXPLF', während die Zulassungen an der Canadian Securities Exchange und der Frankfurter Börse erhalten blieben.
Die DTC-Eignung ermöglicht eine effizientere elektronische Abwicklung und Settlement von Aktien in den Vereinigten Staaten, wodurch Kosten gesenkt und der Zugang zu US-Brokerage-Firmen erweitert wird. CEO Russell Starr hob diese Entwicklung als einen bedeutenden Schritt zur Vereinfachung der Investitionsprozesse und zur Erhöhung der Präsenz auf dem US-Markt hervor. Darüber hinaus gab das Unternehmen die Rücktritt von Amanuel Bein aus seinem Vorstand bekannt, der am 15. Januar 2025 wirksam wird.
- Listing on OTCQB Venture Market expands market access
- DTC eligibility reduces trading costs and improves settlement efficiency
- Enhanced accessibility to U.S. investors through wider brokerage firm coverage
- Board member resignation could indicate internal changes
VANCOUVER, British Columbia, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), is pleased to announce its successful listing to the OTCQB Venture Market (“OTCQB”). Additionally, the Company’s common shares are now eligible for settlement through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp., which facilitates the electronic clearing and settlement of publicly traded companies in the United States.
The Company's common shares began trading on the OTCQB under the symbol “GXPLF” as of January 15, 2025. The Company’s common shares will remain trading on the Canadian Securities Exchange (CSE) and Frankfurt Stock Exchange (FSE) under the symbols “GXP” & “HW3”.
DTC eligibility reduces costs and accelerates the settlement process for investors and brokers in the United States, allowing the Company’s common shares to be traded more easily across a wider range of U.S. brokerage firms by fulfilling their compliance requirements.
Russell Starr, Chief Executive Officer of Greenridge, commented, “We are very excited to be approved for trading on the OTCQB and to have received DTC eligibility. Our OTCQB listing and DTC eligibility simplifies the process of investing in Greenridge and provides a heightened exposure in the United States. We diligently continue to advance our projects and seek to create further value for our shareholders in the coming months. Our new listing marks the beginning of a pivotal stage in our Company’s growth.”
The Company also announces that, effective January 15, 2025, Mr. Amanuel Bein resigned as a member of the Company's board of directors. The Company would like to thank Mr. Bein for his valued contributions and extends its best wishes to Mr. Bein in the future.
About Greenridge Exploration Inc.
Greenridge Exploration Inc. (CSE: GXP | OTCQB: GXPLF | FRA: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration, and development of critical mineral projects in Canada. The Company owns or has interests in 28 projects covering approximately 388,040 hectares with considerable exposure to potential uranium, lithium, nickel, copper and gold discoveries. The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects.
Greenridge has one of the largest uranium property portfolios in Canada consisting of 15 projects covering approximately 212,845 hectares. The Company has opportunities to realize value in a further 12 strategic metals projects which include lithium, nickel, gold, and copper exploration properties totalling ~175,195 hectares. Project highlights include:
- The Black Lake property, located in the NE Athabasca Basin, (
40% Greenridge,50.43% UEC,8.57% Orano) saw a 2004 discovery hole (BL-18) return0.69% U3O8 over 4.4m. - The Hook-Carter property (
20% Greenridge,80% Denison Mines Corp.) is strategically located in the SW Margin of the Athabasca Basin, sitting ~13km from NexGen Energy Ltd.’s Arrow deposit and ~20 km from Fission Uranium Corp.’s Triple R deposit. - The Gibbons Creek property hosts high-grade boulders located in 2013, with grades of up to
4.28% U3O8 and the McKenzie Lake project saw a 2023 exploration program return three samples which included 844 ppm U-total (0.101% U3O8), 273 ppm U-total, and 259 ppm U-total. - The Nut Lake property located in the Thelon Basin includes historical drilling which intersected up to 9ft of
0.69% U3O8 including4.90% U3O8 over 1ft from 8ft depth. - The Firebird Nickel property has seen two drill programs (7 holes totaling 1,339 m), where hole FN20-002 intersected 23.8 m of
0.36% Ni and0.09% Cu, including 10.6 m of0.55% Ni and0.14% Cu. - The Electra Nickel project 2022 drill program included results of 2,040 ppm Ni over 1m and 1,260 ppm Ni over 3.5m.
The Company has strategic partnerships which includes properties being operated and advanced by Denison Mines Corp. and Uranium Energy Corp. The Company’s management team, board of directors, and technical team brings significant expertise in capital raising and advancing mining projects and is poised to attract new investors and raise future capital.
On Behalf of the Board of Directors of Greenridge
Russell Starr
Chief Executive Officer, Director
Telephone: +1 (778) 897-3388
Email: info@greenridge-exploration.com
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward looking statements in this news release include, but are not limited to, statements respecting: statements with respect to the potential benefits of DTC eligibility and listing on the OTCQB. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
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