OTC Markets Group Welcomes Arena Minerals, Inc. to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) announced that Arena Minerals, Inc. has upgraded to trade on the OTCQX® Best Market from the OTCQB® Venture Market. The transition allows Arena to enhance its visibility among U.S. investors and demonstrates its adherence to high financial standards and corporate governance practices.

Arena owns significant lithium and copper assets in Argentina and Chile, including the Sal de la Puna and Antofalla projects, which are positioned in premier mining regions. This move is expected to benefit both companies and investors by promoting better access to the U.S. financial markets.

Positive

• Arena Minerals upgraded to OTCQX from OTCQB, enhancing investor visibility.
• Possesses valuable lithium and copper assets in established mining regions.

Negative

• None.

NEW YORK, June 30, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Arena Minerals, Inc. (TSX-V: AN; OTCQX: AMRZF), a mineral exploration company, has qualified to trade on the OTCQX® Best Market. Arena Minerals, Inc. upgraded to OTCQX from the OTCQB® Venture Market.

Arena Minerals, Inc. begins trading today on OTCQX under the symbol “AMRZF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

About Arena Minerals, Inc.
Arena owns 65% of the Sal de la Puna Project covering approximately 11,000 hectares of the Pastos Grandes basin located in Salta, Argentina. The claims are highly prospective and share the basin with two advanced lithium brine projects. In addition to Sal de la Puna, the Company owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products. Arena also owns 80 percent of the Atacama Copper property within the Antofagasta region of Chile, and 5.82 million shares of Astra Exploration. The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district.

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 is the significance of Arena Minerals upgrading to OTCQX on June 30, 2022?

The upgrade to OTCQX allows Arena Minerals to enhance its visibility among U.S. investors and demonstrates adherence to high financial standards.

What assets does Arena Minerals own as mentioned in the June 30, 2022 press release?

Arena owns lithium and copper assets, including the Sal de la Puna and Antofalla projects in Argentina and the Atacama Copper property in Chile.

How does trading on the OTCQX Market benefit Arena Minerals?

Trading on OTCQX provides better access to U.S. financial markets and attracts more investors due to increased visibility.

What is the stock symbol for Arena Minerals on the OTCQX?

Arena Minerals trades under the symbol 'AMRZF' on the OTCQX Best Market.