OTC Markets Group - OTCM STOCK NEWS

On October 7, 2022, GAMCO Investors announced its voluntary delisting from the New York Stock Exchange, transitioning to the OTCQX Best Market under the symbol GAMI. Known for its investment advisory services, GAMCO serves around 1,400 institutional clients and private wealth investors. This move aims to enhance cost-efficiency and simplify public trading, allowing GAMCO to meet high financial standards and comply with securities laws. The company operates primarily through GAMCO Asset Management and Gabelli Funds, offering a range of investment strategies and products.

OTC Markets Group Inc. has launched its Fixed Income 15c2-11 Data Product following the SEC's clarification that Rule 15c2-11 applies to OTC fixed income securities. This premium offering offers compliance data for over 130,000 corporate debt securities, enhancing risk management and compliance capabilities. Subscribers can assess compliance with federal securities law and gain insights into exemption details. The product aims to streamline processes for compliance teams utilizing this vital market data.

OTC Markets Group Inc. (OTCM) has announced that VERSES Technologies Inc. (NEO: VERS; OTCQX: VRSSF) has upgraded to the OTCQX® Best Market from the Pink® market. This advancement facilitates transparent trading for U.S. investors and aligns with the company’s goal to enhance awareness and access to its artificial intelligence solutions. The upgrade is based on adherence to high financial standards and corporate governance. U.S. investors can access real-time quotes and financial disclosures for VERSES on www.otcmarkets.com.

OTC Markets Group Inc. (OTCM) announced that Skyharbour Resources Ltd. has successfully graduated to the OTCQX® Best Market from the OTCQB® Venture Market, effective September 30, 2022. This upgrade allows Skyharbour, a Canadian uranium exploration company, to enhance its visibility and accessibility to U.S. investors. Skyharbour holds a significant uranium project portfolio in the Athabasca Basin, featuring high-grade drill results and active exploration initiatives, positioning the company to capitalize on improving uranium market fundamentals.

Bravo Mining Corp. has successfully upgraded its trading status to the OTCQX Best Market from the Pink market, effective September 30, 2022. The company, focused on mineral exploration and development, is now trading under the symbol “BRVMF.” This upgrade enhances transparency and accessibility for U.S. investors, as it meets stringent financial standards and corporate governance requirements. CEO Luis Azevedo highlighted the significance of this move for investors in light of their aggressive drilling plans for the Luanga Project in Brazil, a promising mineral deposit.

On September 30, 2022, OTC Markets Group Inc. announced that Superior Gold Inc. has upgraded to the OTCQX Best Market from the Pink market, significantly enhancing its trading visibility for U.S. investors. Trading under the symbol SUPGF, the company aims for DTC eligibility to facilitate easier transactions. Superior Gold focuses on becoming an intermediate gold producer and is committed to improving production efficiency while targeting reduced costs. The company owns 100% of the Plutonic Gold Operations in Western Australia.

Global Food and Ingredients Ltd. (OTCQX: PEASF), a Canadian plant-based food company, has upgraded to the OTCQX® Best Market from the Pink® market, enhancing its visibility and access for U.S. investors. Trading commenced on September 28, 2022. This upgrade signifies compliance with high financial standards and corporate governance, allowing GFI to utilize its home market reporting for U.S. disclosures. David Hanna, CEO, emphasized that this milestone aids in communicating their sustainable initiatives and growth, aiming to be a leading supplier of plant-based ingredients.

OTC Markets Group Inc. announced that Saturn Oil & Gas Inc. has successfully upgraded to the OTCQX Best Market from the Pink market. This transition, effective today, allows Saturn to trade under the symbol 'OILSF'. The upgrade is expected to enhance transparency and liquidity for U.S. investors interested in this Canadian energy producer, which has significantly increased its production from 233 barrels of oil equivalent per day (boe/d) in Q1 2021 to 12,000 boe/d today. The move aligns with Saturn's growth strategy and commitment to responsible resource development.

OTC Markets Group Inc. (OTCM) has announced that Arianne Phosphate Inc. (OTCQX: DRRSF) has graduated to the OTCQX Best Market from the Pink market, effective September 22, 2022. This upgrade aims to enhance transparent trading for U.S. investors, leveraging streamlined market standards and allowing the use of home market reporting. Arianne's president emphasized the growing significance of their Lac à Paul phosphate deposit amid concerns over food inflation and security, which may attract more investor interest.