Group Ten Metals Secures DTC Eligibility for Trading in the United States
Group Ten Metals Inc. announced on June 30, 2021, that it has secured DTC eligibility for its shares trading in the U.S. under the symbol PGEZF, effective June 29, 2021. This eligibility enhances the trading process by allowing electronic clearing and settlement through the Depository Trust Company, which will benefit investors by speeding up transactions. Group Ten aims to release an initial mineral resource estimate for its flagship Stillwater West project this summer, focusing on battery and platinum group metals.
- Secured DTC eligibility for shares, enhancing trading efficiency.
- Upcoming release of initial mineral resource estimate for Stillwater West project.
- None.
VANCOUVER, BC / ACCESSWIRE / June 30, 2021 / Group Ten Metals Inc. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:5D32) (the "Company" or "Group Ten") is pleased to announce that it has secured DTC eligibility for its shares traded in the United States under the symbol "PGEZF" effective June 29, 2021.
The Depository Trust Company (DTC) is a subsidiary of The Depository Trust & Clearing Corporation DTCC and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors trading the Company's shares on the OTCQB Market.
Group Ten President & CEO, Michael Rowley, stated, "We are pleased to have secured DTC eligibility to facilitate streamlined trading in the United States where we have a significant shareholder base and trading volume. We believe this is a timely development as we look to debut an initial 43-101 mineral resource estimate on our flagship Stillwater West project this summer, with a focus on battery and platinum group metals in a premier US mining district. We look forward to providing updates with respect to our 10,000-meter drill program in the very near term, and to rolling out the results from that and other initiatives as they become available."
About Group Ten Metals Inc.
Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt, and gold exploration assets in top North American mining jurisdictions. The Company's core asset is the Stillwater West PGE-Ni-Cu-Co + Au project adjacent to Sibanye-Stillwater's high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals' development-stage Goliath Gold Complex in northwest Ontario, and the Kluane PGE-Ni-Cu-Co project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael Rowley, President, CEO & Director
Email: info@grouptenmetals.com Phone: (604) 357 4790
Web: http://grouptenmetals.com Toll Free: (888) 432 0075
Forward-Looking Statements
Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing of the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, titlefuture driling actiivities and the locations of such drilling, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Group Ten believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Group Ten Metals Inc.
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https://www.accesswire.com/653761/Group-Ten-Metals-Secures-DTC-Eligibility-for-Trading-in-the-United-States
FAQ
What does DTC eligibility mean for Group Ten Metals (PGEZF)?
When was DTC eligibility secured by Group Ten Metals (PGEZF)?
What is the focus of Group Ten's Stillwater West project?
What are the expectations for Group Ten Metals regarding their 43-101 mineral resource estimate?
