Palladium One Name Change to 'GT Resources Inc.' Complete and Now Trading on The TSXV Under the Symbol "GT"

Rhea-AI Summary

GT Resources Inc. (NKORF) successfully rebrands from Palladium One Mining Inc. to reflect diversified investment exposure in green transportation and polymetallic mineral properties.

Toronto, Ontario--(Newsfile Corp. - March 4, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "GT Resources") has successfully rebranded and changed its name from Palladium One Mining Inc. to GT Resources Inc., effective today, Monday, March 4, 2024 (the "Name Change").

Going forward, GT Resources will trade on the TSX-V under the symbol "GT" (formerly "PDM"). The new CUSIP is 36254S105 and new ISIN number is CA36254S1056, but no action is required by any shareholders of the Company. The common shares of the Company continue to trade under the symbols "NKORF" on the OTCQB and "7N11" on the Frankfurt Exchange.

This rebrand is a better representation of the diversified investment exposure that GT Resources provides investors for multiple forms of green transportation, including fully electric vehicles, hybrid electric vehicles, electrical grid infrastructure, and conventional engines. It is also more aligned with the Company's highly curated portfolio of polymetallic mineral properties that primarily target nickel and copper exploration, and secondarily target Platinum Group Elements like palladium and platinum.

The Name Change will not result in a change of business and the Company will continue to operate as resource exploration company.

About GT Resources Inc.

With a focus on climate change risks and opportunities, GT Resources Inc.'s (TSXV: GT) strategy is to discover and ultimately produce critical Green Transportation Metals, including but not limited to sulphide nickel, copper, palladium, platinum and cobalt. A Canadian mineral exploration and development company, GT Resources is advancing district scale deposits in Canada and Finland. The Läntinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Our strategy includes delivering Net-Zero Greenhouse Gas ("GHG") emissions considering the full life cycle of exploration, development, mining activities and that of the metals we strive to produce.

Follow GT Resources on LinkedIn, Twitter, and at www.gtresourcesinc.com.

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@gtresourcesinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/200160

FAQ

What is the new name and ticker symbol for GT Resources Inc.?

The new name for GT Resources Inc. is GT Resources Inc. The new ticker symbol on the TSX-V is 'GT'.

What is the new CUSIP and ISIN number for GT Resources Inc.?

The new CUSIP for GT Resources Inc. is 36254S105 and the new ISIN number is CA36254S1056.

What does GT Resources Inc. focus on in terms of investment exposure?

GT Resources Inc. focuses on providing investors with exposure to multiple forms of green transportation and polymetallic mineral properties, primarily targeting nickel and copper exploration.

Will the rebranding result in a change of business for GT Resources Inc.?

No, the rebranding to GT Resources Inc. will not result in a change of business, and the company will continue to operate as a resource exploration company.