OTC Markets Group - OTCM STOCK NEWS

Faraday Copper Corp., a Canadian exploration company, has successfully upgraded to the OTCQX® Best Market from the Pink® market, enhancing its visibility and trading liquidity. The transition allows U.S. investors to access real-time financial disclosures. Paul Harbidge, President and CEO, highlighted that this move strengthens the shareholder base and provides greater investment accessibility as the company progresses on its U.S.-based copper projects. Notably, the Copper Creek project in Arizona is among North America's largest undeveloped copper projects.

OTC Markets Group Inc. (OTCM) announced that ACME Lithium Inc. (CSE: ACME; OTCQX: ACLHF), a mineral exploration company, has successfully upgraded to trade on the OTCQX® Best Market from the OTCQB® Venture Market. This transition enables ACME Lithium to enhance its visibility among U.S. investors. The company focuses on acquiring and developing battery metal projects in Nevada and Manitoba. The OTCQX Market is designed for established companies meeting high financial and governance standards.

OTC Markets Group Inc. (OTCM) has announced that PT Berkah Beton Sadaya TBK has transitioned to the OTCQX® Best Market from the Pink® market, effective August 18, 2022. This upgrade will enhance U.S. investors' access to the company's trading under the symbol “BHBSY.” JP Morgan is the sponsor for PT Berkah Beton Sadaya TBK's ADR program, marking a significant milestone as the first ADR launch for the company. The change aims to provide improved transparency and market standards for international securities trading.

OTC Markets Group Inc. (OTCM) announced that Geodrill Limited (OTCQX: GEODF) has upgraded to the OTCQX Best Market from the Pink market. This transition enhances trading transparency for U.S. investors. Geodrill Limited, operating in West Africa and expanding in South America, provides diverse drilling services. The upgrade allows the company to leverage its home market reporting for better U.S. market access. Geodrill's President, Dave Harper, expressed excitement over this milestone, emphasizing its potential to attract more investors and maximize shareholder value.

OTC Markets Group Inc. (OTCM) announced that Base Carbon Inc. (OTCQX: BCBNF), focused on voluntary carbon markets, has upgraded to trading on the OTCQX® Best Market from the Pink® market. The change aims to enhance transparency for U.S. investors and allows Base Carbon to leverage its home market reporting for better information availability. CEO Michael Costa emphasized that this upgrade marks a significant milestone in their mission to develop quality carbon reduction projects.

OTC Markets Group Inc. (OTCM) announced that Titanium Transportation Group Inc. (OTC symbol: TTNMF) has upgraded to the OTCQX Best Market from the Pink market. This transition allows Titanium to offer transparent trading opportunities for U.S. investors and supports its growing U.S. logistics operations. Titanium, celebrating its 20th anniversary, operates a significant transportation network across North America, boasting around 800 trucks and 3,000 trailers. The company has a strong acquisition history and has been recognized as one of Canada's fastest-growing firms.

First Helium Inc. has successfully upgraded to the OTCQX Best Market from the OTCQB Venture Market, aiming to enhance visibility and liquidity for its investors. Trading under the symbol FHELF, the company is positioned in the helium exploration and development sector, focusing on the Western Canadian Sedimentary Basin. This upgrade signifies compliance with strict financial standards and corporate governance, promoting investor confidence. The company's core property in Worsley, Alberta includes a successful helium discovery well and plans for production, alongside several high-impact exploration targets.

OTC Markets Group Inc. (OTCQX: OTCM) announces the qualification of FirstSun Capital Bancorp (OTCQX: FSUN) to trade on the OTCQX Best Market, effective today. FirstSun, a financial holding company offering various banking services, aims to enhance visibility and liquidity for its common stock. With total consolidated assets of $7.1 billion as of June 30, 2022, the company meets the stringent financial standards required for OTCQX. This milestone is expected to benefit shareholders significantly.

OTC Markets Group reported a gross revenue of $26.0 million for Q2 2022, representing a 2% increase year-over-year. Operating income rose by 1% to $9.3 million, with a profit margin of 36.7%. Net income increased by 5% to $7.4 million, reflecting a diluted EPS of $0.61. The company declared a dividend of $0.18 per share for Q3 2022. Despite a 33% decline in OTC Link revenues, a 30% growth in corporate services helped drive overall performance. The acquisition of Blue Sky Data Corp was completed, enhancing market data capabilities.