OTC Markets Group Welcomes 92 Energy Ltd to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) announced that 92 Energy Ltd (OTCQX: NTELF) has qualified to trade on the OTCQX® Best Market, enhancing transparency for U.S. investors. The company focuses on uranium exploration in the Athabasca Basin, Canada. 92 Energy's recent winter assay results showcase successful uranium mineralization with 9 out of 12 drill holes intersecting uranium. Their summer drill program returned significant results, including 41.6m of 0.5% eU3O8. The upgrade to OTCQX is a strategic move to facilitate broader investment opportunities.

Positive

• 92 Energy Ltd's trading on OTCQX enhances transparency for U.S. investors.
• Successful winter assay results show 9 out of 12 drill holes with uranium mineralization.
• Recent summer drill program returned 41.6m of 0.5% eU3O8 including 6.4m of 2.0% eU3O8.

Negative

• None.

NEW YORK, July 21, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced 92 Energy Ltd (ASX: 92E; OTCQX: NTELF, the Company), a uranium exploration company targeting highgrade unconformity associated uranium in the Athabasca Basin, Saskatchewan, Canada, has qualified to trade on the OTCQX® Best Market.

92 Energy Ltd begins trading today on OTCQX under the symbol “NTELF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

92 Energy’s Managing Director, Siobhan Lancaster said:

“92E is pleased to commence trading on the OTCQX under the code NTELF.

“We are delighted to finally offer North American investors with the opportunity to invest in 92 Energy and its new Athabasca Basin uranium discovery, the Gemini Mineralised Zone “GMZ”, in Saskatchewan, Canada.

“The Company has just released its winter assay results with 9 out of 12 GMZ drillholes intersecting uranium mineralisation. The current summer drill program has also returned some excellent uranium results including 41.6m of 0.5% eU3O8 (incl. 6.4m of 2.0% eU3O8).

“We look forward to updating the market as the drill program progresses.”

MCAP LLC  acted as the Company’s OTCQX sponsor.

About 92 Energy Ltd

92 Energy Limited is an Australian, ASX listed, uranium exploration company targeting highgrade unconformity associated uranium in the Athabasca Basin, Saskatchewan, Canada. On the fourth hole of its inaugural exploration drilling program, 92 Energy made a uranium discovery at its Gemini Project, known as the Gemini Mineralisation Zone or ‘GMZ’.

The Company owns a 100% interest in its 30 mineral claims in the world-class Athabasca Basin. These 30 claims make up the Company’s five projects, being Gemini, Tower, Clover, Powerline Creek and Cypress River.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:

OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What does the OTCQX upgrade mean for 92 Energy Ltd (OTCM)?

The OTCQX upgrade provides increased transparency and accessibility for U.S. investors.

What recent results has 92 Energy Ltd (NTELF) reported regarding uranium exploration?

92 Energy reported successful assay results with 9 out of 12 drill holes intersecting uranium mineralization.

When did 92 Energy Ltd start trading on the OTCQX Best Market?

92 Energy Ltd began trading on the OTCQX on July 21, 2022.

What are the implications of 92 Energy's exploration results for investors?

The positive exploration results may indicate potential growth and profitability in the uranium sector for investors.