OTC Markets Group Welcomes LithiumBank Resource Corp to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. announced that LithiumBank Resource Corp (OTCQX: LBNKF) has upgraded to the OTCQX® Best Market from the Pink® market. This transition, effective July 14, 2022, allows LithiumBank to provide U.S. investors with transparent trading and financial disclosures. To qualify for OTCQX, companies must meet high financial standards and corporate governance practices. With a focus on lithium-enriched brine projects in Western Canada, LithiumBank employs low-impact DLE technology for its operations.

Positive

• LithiumBank upgraded to OTCQX from Pink market, enhancing trading transparency.
• U.S. investors can access current financial disclosures and real-time quotes.

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• None.

NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced LithiumBank Resource Corp (TSX-V: LBNK; OTCQX: LBNKF), an exploration and development company, has qualified to trade on the OTCQX® Best Market. LithiumBank Resource Corp upgraded to OTCQX from the Pink® market.

LithiumBank Resource Corp begins trading today on OTCQX under the symbol “LBNKF.” 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.

B. Riley Securities acted as the company’s OTCQX sponsor.

About LithiumBank Resource Corp
LithiumBank Resources Corp. is an exploration and development company focused on lithium-enriched brine projects in Western Canada where low-impact DLE technology can be deployed.

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 LithiumBank Resource Corp's upgrade to OTCQX mean for investors?

LithiumBank's upgrade to OTCQX enhances trading transparency and provides U.S. investors with better access to financial disclosures.

When did LithiumBank Resource Corp begin trading on OTCQX?

LithiumBank Resource Corp started trading on OTCQX on July 14, 2022.

What is the stock symbol for LithiumBank Resource Corp on OTCQX?

LithiumBank Resource Corp trades under the symbol 'LBNKF' on the OTCQX market.

Who sponsored LithiumBank's upgrade to OTCQX?

B. Riley Securities acted as the sponsor for LithiumBank's upgrade to OTCQX.