Novo Resources to Trade on the OTCQB Market
Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) has announced its transition from the OTCQX to the OTCQB market in the United States, effective immediately. The company will trade under the ticker symbol NSRPF on the OTCQB, a premium tier of OTC Markets Group offering increased visibility and higher compliance standards.
The company maintains its primary listings on the TSX and ASX under the symbol NVO. Executive Co-Chairman Michael Spreadborough stated this transition aligns better with their current growth stage and provides a more cost-effective platform. Novo Resources is an Australian-based gold explorer with approximately 5,500 square kilometres of land in Western Australia's Pilbara region and the 22 square kilometre Belltopper project in Victoria.
Key projects include the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project through A$25 million exploration expenditure within 4 years for a 50% interest.
Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) ha annunciato la sua transizione dall'OTCQX al mercato OTCQB negli Stati Uniti, con effetto immediato. L'azienda verrà quotata con il simbolo NSRPF sull'OTCQB, un livello premium del gruppo OTC Markets che offre maggiore visibilità e standard di compliance più elevati.
La società mantiene le sue quotazioni principali sulla TSX e sull'ASX con il simbolo NVO. Il Co-Presidente Esecutivo Michael Spreadborough ha dichiarato che questa transizione si allinea meglio con il loro attuale stadio di crescita e fornisce una piattaforma più economica. Novo Resources è un'azienda australiana di esplorazione dell'oro con circa 5.500 chilometri quadrati di terreno nella regione Pilbara dell'Australia Occidentale e il progetto Belltopper di 22 chilometri quadrati in Vittoria.
I progetti chiave includono il Campo Aurifero Egina, dove De Grey Mining sta avviando una JV presso il Progetto Becher attraverso una spesa di esplorazione di A$25 milioni nell'arco di 4 anni per un interesse del 50%.
Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) ha anunciado su transición del OTCQX al mercado OTCQB en los Estados Unidos, con efecto inmediato. La empresa cotizará bajo el símbolo NSRPF en el OTCQB, un nivel premium del Grupo OTC Markets que ofrece mayor visibilidad y estándares de cumplimiento más elevados.
La compañía mantiene sus listas principales en la TSX y ASX bajo el símbolo NVO. El Co-Presidente Ejecutivo Michael Spreadborough declaró que esta transición se alinea mejor con su fase de crecimiento actual y proporciona una plataforma más rentable. Novo Resources es un explorador de oro australiano con aproximadamente 5,500 kilómetros cuadrados de terreno en la región de Pilbara en Australia Occidental y el proyecto Belltopper de 22 kilómetros cuadrados en Victoria.
Los proyectos clave incluyen el Campo de Oro Egina, donde De Grey Mining está asociándose para formar una JV en el Proyecto Becher a través de un gasto de exploración de A$25 millones en 4 años para obtener un interés del 50%.
노보 리소스 Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF)는 즉시 발효되는 미국의 OTCQB 시장으로의 전환을 발표했습니다. 이 회사는 OTCQB에서 NSRPF라는 티커 기호로 거래되며, OTC Markets Group의 프리미엄 tier로 더 높은 가시성 및 준수 기준을 제공합니다.
회사는 NVO라는 기호로 TSX 및 ASX에 주식 상장을 유지합니다. 공동 회장인 마이클 스프레드보로우는 이번 전환이 그들의 현재 성장 단계와 더 잘 맞아떨어지며, 더 비용 효과적인 플랫폼을 제공한다고 언급했습니다. 노보 리소스는 호주 웨스턴 오스트레일리아주 필바라 지역에 약 5,500 제곱 킬로미터의 토지를 보유하고 있으며, 빅토리아에 22 제곱 킬로미터 규모의 벨토퍼 프로젝트를 가진 금 탐사 기업입니다.
주요 프로젝트로는 에기나 금 캠프가 있으며, 여기에서 데 그레이 마이닝이 비처 프로젝트에서 50%의 지분을 위해 4년 내에 A$2500만의 탐사 비용을 들여 JV를 형성하고 있습니다.
Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) a annoncé sa transition du OTCQX au marché OTCQB aux États-Unis, avec effet immédiat. L'entreprise sera cotée sous le symbole NSRPF sur l'OTCQB, un niveau premium du groupe OTC Markets offrant une visibilité accrue et des normes de conformité plus élevées.
L'entreprise maintient ses cotations principales sur la TSX et l'ASX sous le symbole NVO. Le Co-Président Exécutif Michael Spreadborough a déclaré que cette transition s'aligne mieux avec leur phase de croissance actuelle et fournit une plateforme plus rentable. Novo Resources est un explorateur d'or basé en Australie avec environ 5 500 kilomètres carrés de terrain dans la région de Pilbara en Australie-Occidentale et le projet Belltopper de 22 kilomètres carrés dans le Victoria.
Les projets clés comprennent le Camp d'Or d'Egina, où De Grey Mining s'associe pour former une JV au Projet Becher grâce à une dépense d'exploration de 25 millions AUD sur 4 ans pour un intérêt de 50%.
Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) hat den Übergang vom OTCQX zum OTCQB-Markt in den Vereinigten Staaten angekündigt, der sofort in Kraft tritt. Das Unternehmen wird unter dem Tickersymbol NSRPF an der OTCQB gehandelt, einer Premium-Stufe der OTC Markets Group, die eine erhöhte Sichtbarkeit und höhere Compliance-Standards bietet.
Das Unternehmen behält seine Hauptnotierungen an der TSX und ASX unter dem Symbol NVO. Der Executive Co-Chairman Michael Spreadborough erklärte, dass dieser Übergang besser mit ihrer aktuellen Wachstumsphase übereinstimmt und eine kosteneffizientere Plattform bietet. Novo Resources ist ein in Australien ansässiger Goldexplorer mit etwa 5.500 Quadratkilometern Land in der Pilbara-Region von Westaustralien und dem 22 Quadratkilometer umfassenden Belltopper-Projekt in Victoria.
Zu den Schlüsselprojekten gehören das Egina Gold Camp, wo De Grey Mining in das Becher-Projekt einsteigen möchte und dafür innerhalb von 4 Jahren 25 Millionen AUD für eine 50%-Beteiligung investieren wird.
- Transition to OTCQB platform offers more cost-effective operations
- Maintains broad market access through TSX and ASX listings
- Strategic partnership with De Grey Mining including A$25M exploration commitment
- Downgrade from OTCQX to OTCQB tier indicates reduced market presence in US
VANCOUVER, British Columbia, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) announces that it has transitioned its trading platform from the OTCQX to the OTCQB market in the United States.
Effective immediately, Novo Resources will now trade on the OTCQB under the ticker symbol NSRPF. This transition reflects the company's evolving strategic priorities while continuing to provide an opportunity for increased engagement with the U.S. investment community while maintaining access to a highly respected U.S. trading platform.
"We are pleased to make this transition to the OTCQB, which is better suited to our current growth stage and offers a more efficient, cost-effective platform for both our shareholders and potential investors," said Mr. Michael Spreadborough, Executive Co-Chairman of Novo Resources. "Our commitment to advancing gold exploration in Western Australia remains steadfast, and this change will help enhance our market presence in the U.S. and beyond, ultimately supporting our goal of creating long-term value for stakeholders."
The OTCQB is a premium tier of the OTC Markets Group, offering increased visibility, higher compliance standards, and greater trading efficiency. Despite the change, Novo Resources remains committed to transparency, regular communication with investors, and providing operational updates.
Novo Resources continues to trade on the TSX under the symbol NVO and on the ASX under the symbol NVO.
Authorised for release by the Board of Directors.
CONTACT
| Investors: Mike Spreadborough +61 8 6400 6100 info@novoresources.com | North American Queries: Leo Karabelas +1 416 543 3120 leo@novoresources.com | Media: Cameron Gilenko +61 466 984 953 cameron.gilenko@sodali.com |
ABOUT NOVO
Novo is an Australian based gold explorer listed on the ASX and the TSX focused on discovering standalone gold projects with > 1 Moz development potential. Novo is an innovative gold explorer with a significant land package covering approximately 5,500 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia.
Novo’s key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration expenditure of A
Novo has a significant investment portfolio and a disciplined program in place to identify value accretive opportunities that will build further value for shareholders.
Please refer to Novo’s website for further information including the latest Corporate Presentation.
An Exploration Target as defined in the JORC Code (2012) is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource. Accordingly, these figures are not Mineral Resource or Ore Reserve estimates as defined in the JORC Code (2012). The potential quantities and grades referred to above are conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. These figures are based on the interpreted continuity of mineralisation and projection into unexplored ground often around historical workings. The Exploration Target has been prepared in accordance with the JORC Code (2012). As detailed in the Company’s ASX announcement released on 25 September 2024 (available to view at www.asx.com.au). The Tonnage range for the exploration target is 1.5Mt to 2.1Mt and the Grade range is 6.6g/t Au to 8.4g/t Au. The Company confirms that it is not aware of any new information that material affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed.
1. Refer to De Grey ASX Announcement, Hemi Gold Project Resource Update, dated 21 November 2023. No assurance can be given that a similar (or any) commercially viable mineral deposit will be determined at Novo's Becher Project.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7b3e33ad-d947-48fb-b70c-856c6e1e7f17
FAQ
What does Novo Resources' (NSRPF) transition to OTCQB mean for investors?
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What is the value of De Grey Mining's farm-in agreement with NSRPF at the Becher Project?
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