Montage Gold Receives Conditional Approval to Graduate to the Toronto Stock Exchange
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has received conditional approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange (TSX). The company expects to complete the graduation in the coming weeks, trading under the symbol 'MAU'.
CEO Martino De Ciccio highlighted that this move aligns with their strategy of becoming a premier African gold producer, noting it should enhance visibility, broaden their investor base, increase liquidity, and provide potential index inclusion eligibility.
The company's flagship Koné gold project in Côte d'Ivoire continues construction on budget, with first gold pour expected in Q2-2027. The TSX listing is subject to fulfilling customary conditions, and shareholders won't need to take any action regarding their share certificates as the trading symbol and CUSIP will remain unchanged.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) ha ricevuto l'approvazione condizionata per passare dalla TSX Venture Exchange alla Toronto Stock Exchange (TSX). La società prevede di completare questo passaggio nelle prossime settimane, continuando a negoziare con il simbolo 'MAU'.
Il CEO Martino De Ciccio ha sottolineato che questa mossa è in linea con la loro strategia di diventare un produttore d'oro di primo piano in Africa, evidenziando come ciò dovrebbe aumentare la visibilità, ampliare la base di investitori, incrementare la liquidità e offrire la possibilità di essere inclusi in indici di mercato.
Il progetto di punta dell'azienda, il Koné gold project in Costa d'Avorio, prosegue la costruzione rispettando il budget, con la prima fusione d'oro prevista per il secondo trimestre del 2027. La quotazione alla TSX è subordinata al rispetto delle condizioni consuete, e gli azionisti non dovranno effettuare alcuna operazione riguardo ai loro certificati azionari, poiché il simbolo di negoziazione e il CUSIP rimarranno invariati.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) ha recibido la aprobación condicional para ascender de la TSX Venture Exchange a la Bolsa de Valores de Toronto (TSX). La empresa espera completar este proceso en las próximas semanas, operando bajo el símbolo 'MAU'.
El CEO Martino De Ciccio destacó que esta medida está alineada con su estrategia de convertirse en un productor líder de oro en África, señalando que debería aumentar la visibilidad, ampliar la base de inversores, incrementar la liquidez y ofrecer potencial elegibilidad para inclusión en índices.
El proyecto estrella de la compañía, el Koné gold project en Costa de Marfil, continúa su construcción dentro del presupuesto, con la primera fundición de oro prevista para el segundo trimestre de 2027. La cotización en la TSX está sujeta al cumplimiento de condiciones habituales, y los accionistas no necesitarán realizar ninguna acción respecto a sus certificados de acciones, ya que el símbolo de negociación y el CUSIP permanecerán sin cambios.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF)는 TSX 벤처 거래소에서 토론토 증권거래소(TSX)로 승격하는 조건부 승인을 받았습니다. 회사는 향후 몇 주 내에 이 승격을 완료할 예정이며, 'MAU'라는 심볼로 거래할 것입니다.
CEO 마르티노 데 치치오(Martino De Ciccio)는 이번 조치가 아프리카 주요 금 생산업체로 도약하려는 전략과 부합하며, 가시성을 높이고 투자자 기반을 확대하며 유동성을 증가시키고 잠재적인 지수 포함 자격을 제공할 것이라고 강조했습니다.
회사의 주력 사업인 코네 금 프로젝트(코트디부아르)는 예산 내에서 건설이 진행 중이며, 2027년 2분기에 첫 금 생산이 예상됩니다. TSX 상장은 일반적인 조건 충족을 전제로 하며, 주주들은 거래 심볼과 CUSIP이 변경되지 않아 주식 증서에 대해 별도의 조치를 취할 필요가 없습니다.
Montage Gold Corp (TSXV : MAU, OTCQX : MAUTF) a obtenu une approbation conditionnelle pour passer de la TSX Venture Exchange à la Bourse de Toronto (TSX). La société prévoit de finaliser cette transition dans les prochaines semaines, en continuant de négocier sous le symbole 'MAU'.
Le PDG Martino De Ciccio a souligné que cette démarche s'inscrit dans leur stratégie visant à devenir un producteur d'or majeur en Afrique, notant qu'elle devrait accroître la visibilité, élargir la base d'investisseurs, augmenter la liquidité et offrir une potentielle éligibilité à l'inclusion dans des indices boursiers.
Le projet phare de la société, le Koné gold project en Côte d'Ivoire, poursuit sa construction dans le respect du budget, avec une première coulée d'or attendue au deuxième trimestre 2027. La cotation à la TSX est soumise au respect des conditions habituelles, et les actionnaires n'auront aucune démarche à effectuer concernant leurs certificats d'actions, le symbole de négociation et le CUSIP restant inchangés.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) hat die bedingte Genehmigung erhalten, von der TSX Venture Exchange zur Toronto Stock Exchange (TSX) aufzusteigen. Das Unternehmen erwartet, den Übergang in den kommenden Wochen abzuschließen und unter dem Symbol 'MAU' zu handeln.
CEO Martino De Ciccio betonte, dass dieser Schritt mit ihrer Strategie übereinstimmt, ein führender Goldproduzent in Afrika zu werden. Er hob hervor, dass dies die Sichtbarkeit erhöhen, die Investorenbasis erweitern, die Liquidität steigern und die potenzielle Aufnahme in Indizes ermöglichen sollte.
Das Flaggschiff-Projekt des Unternehmens, das Koné Gold-Projekt in der Elfenbeinküste, befindet sich im Bau und liegt im Budget, mit dem ersten Goldguss im zweiten Quartal 2027. Die TSX-Notierung steht unter dem Vorbehalt der Erfüllung üblicher Bedingungen, und Aktionäre müssen bezüglich ihrer Aktienzertifikate keine Maßnahmen ergreifen, da das Handelssymbol und die CUSIP unverändert bleiben.
- Uplisting to TSX may increase stock visibility and trading liquidity
- Koné gold project construction progressing on budget
- First gold pour timeline maintained for Q2-2027
- None.
VANCOUVER, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSXV: MAU, OTCQX: MAUTF) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (“TSX”) to graduate from the TSX Venture Exchange (“TSXV”) to the TSX. The Company anticipates completing the graduation in the coming weeks.
Martino De Ciccio, CEO of Montage, commented: “Building on the momentum generated over the last year to progress our strategy of creating a premier African gold producer, we are eager to graduate to the TSX as it is expected to continue to enhance our visibility, broaden our investor base, increase liquidity, and provide eligibility for potential index inclusion. This upcoming capital markets milestone reflects the rapid progress made to derisk our business and the high quality of our flagship Koné gold project in Côte d’Ivoire, where construction continues to rapidly advance on budget, with first gold pour well on track for Q2-2027.”
Final approval of the listing is subject to the Company fulfilling certain customary conditions required by the TSX. The Company is working diligently to satisfy the listing requirements and is confident it will be able to satisfy all requirements. Montage will issue a further statement once the TSX confirms the date on which trading on the TSX will commence. Upon completion of the final listing requirements, Montage’s common shares will be delisted from the TSXV and commence trading on the TSX under the symbol “MAU”.
Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing, as there will be no change in the trading symbol or CUSIP for the common shares.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABOUT MONTAGE GOLD
Montage Gold Corp. (TSXV: MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the “UFS”), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in Q2-2027.
QUALIFIED PERSONS STATEMENT
The scientific and technical contents of this press release have been verified and approved by Silvia Bottero, BSc, MSc, a Qualified Person pursuant to NI 43-101. Mrs. Bottero, EVP Exploration of Montage, is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP), a member of the Geological Society of South Africa and a Member of AusIMM.
CONTACT INFORMATION
| For Investor Relations Inquiries: Jake Cain Strategy & Investor Relations Manager jcain@montagegold.com +44-7788-687-567 | For Media Inquiries: John Vincic Oakstrom Advisors john@oakstrom.com +1-647-402-6375 | For Regulatory Inquiries: Kathy Love Corporate Secretary klove@montagegold.com +1-604-512-2959 |
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, “Forward-looking Statements”). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as “will”, “intends”, “proposed” and “expects” or similar expressions are intended to identify Forward-looking Statements. Forward-looking Statements in this press release include statements related to the listing of the Company on the TSX and timing thereof, the effect of listing on the TSX, Company’s objectives of achieving production in the second quarter of 2027; the Company’s strategy or creating a premier gold producer; the Company’s mineral reserve and resource estimates; the timing and amount of future production from the Koné Gold Project; anticipated mining and processing methods of the Koné Gold Project; anticipated mine life of the Koné Gold Project.
Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There is no assurance that any economic satellite deposits will be discovered, and if discovered ever developed or mined. There can be no assurance that any Forward-looking Statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include delays in the TSX listing process, the company not being able to meet or maintain TSX listing requirements, uncertainties inherent in the preparation of mineral reserve and resource estimates and definitive feasibility studies, and in delineating new mineral reserve and resource estimates, including but not limited to, assumptions underlying the production estimates not being realized, incorrect cost assumptions, unexpected variations in quantity of mineralized material, grade or recovery rates being lower than expected, unexpected adverse changes to geotechnical or hydrogeological considerations, or expectations in that regard not being met, unexpected failures of plant, equipment or processes (including construction equipment), delays in or increased costs for the delivery of construction equipment and services, unexpected changes to availability of power or the power rates, failure to maintain permits and licenses, higher than expected interest or tax rates, adverse changes in project parameters, unanticipated delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d’Ivoire, title risks, including failure to renew concessions, unanticipated commodity price and exchange rate fluctuations, delays in or failure to receive access agreements or amended permits, and other risk factors set forth in the Company’s Annual Information form available at www.sedarplus.ca, under the heading “Risk Factors”. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
FAQ
When will Montage Gold (MAUTF) begin trading on the Toronto Stock Exchange?
What is the expected timeline for first gold pour at Montage Gold's (MAUTF) Koné project?
Will MAUTF shareholders need to take any action for the TSX uplisting?
What benefits does the TSX uplisting bring to Montage Gold (MAUTF)?
