York Harbour Metals Upgrades Its American Listing to the OTCQB and Obtains DTC Eligibility

Rhea-AI Summary

York Harbour Metals Inc. announces upgrade to OTCQB and eligibility with DTC

Positive

• Upgrade to OTCQB provides greater liquidity and trading experience for U.S. shareholders
• Exemptions from U.S. state securities laws may increase liquidity and expand investment advisors' ability to recommend investment in York Harbour
• Electronic clearing and settlement through DTC's automated processes speeds up receipt of stock and cash, as well as settlement process for investors
• Greater liquidity and execution speeds benefit existing and future investors

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - October 24, 2023) - York Harbour Metals Inc. (TSXV: YORK) (OTCQB: YORKF) (FSE: 5DE0) ("York Harbour" or the "Company") is pleased to report that York Harbour's USA's ticker symbol "YORKF" has been upgraded to trade on the OTCQB Venture Markets.

It is anticipated that York Harbour's upgraded listing to the OTCQB will provide greater liquidity and a more seamless trading experience for our U.S. shareholders. With enhanced reporting requirements and greater transparency required with the OTCQB listing, the upgrade also provides exemptions from U.S. state securities laws or "blue sky" exemptions which may help to further increase liquidity and expand investment advisors' ability to research and recommend investment in York Harbour.

U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for York Harbour Metals at https://www.otcmarkets.com/stock/YORKF/overview.

Furthermore, the Company is pleased to announce that it has obtained eligibility with the Depository Trust Company ("DTC") for its common shares now listed on the OTCQB. The DTC is a stock depository that facilitates and simplifies the electronic trading of securities in the United States.

York Harbour's common shares, listed on the OTCQB under YORKF, are now eligible for electronic clearing and settlement through DTC's automated processes. This electronic method of clearing securities speeds up the receipt of stock and cash, as well as accelerates the settlement process for some investors. DTC services also provide cost benefits for investors and brokers trading Canadian securities in the United States. With the shares now traded electronically, existing (and future) investors will benefit from greater liquidity over time and execution speeds, while new investors are far less restricted from participating in York Harbour's stock.

DTC, a subsidiary of the Depository Trust and Clearing Corporation (DTCC), is a member of the United States Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission.

About the Company
York Harbour Metals Inc. (TSXV: YORK) (OTCQB: YORKF) (FSE: 5DE0) is an exploration and development company with a focus on two high-grade projects in Newfoundland.

The York Harbour Copper-Zinc-Silver Project, located approximately 27 km from Corner Brook, Newfoundland and Labrador, where the Company intends to continue drill testing more than 11 known mineralized zones and explore additional volcanogenic massive sulphide targets.

The Bottom Brook Rare Earth Project, covering 15,150 hectares, is located next to the Trans-Canada Highway and is just 27 km from the deep-water port at Turf Point. York Harbour intends to actively identify diamond drill targets through property-wide prospecting, focused soil sampling, and geological mapping.

For further details on York Harbour Metals, please reach out to info@yorkharbourmetals.com or call +1-778-302-2257. You may also visit the Company's website at www.yorkharbourmetals.com for past news releases, media interviews and opinion-editorial pieces by management.

On Behalf of The Board of Directors,

Bruce Durham
CEO, President, and Director

Telephone: 778-302-2257 | Email: info@yorkharbourmetals.com
Website: www.yorkharbourmetals.com
1518 - 800 Pender Street W, Vancouver, BC, Canada V6C 2V6

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 news release.

Cautionary Statement Regarding Forward-Looking Information
This news release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-Looking statements herein include but are not limited to statements relating to the prospects for the development of the Company's mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185051

FAQ

What is the significance of York Harbour's upgrade to OTCQB?

The upgrade provides greater liquidity and a more seamless trading experience for U.S. shareholders.

What exemptions does the OTCQB listing provide?

The OTCQB listing provides exemptions from U.S. state securities laws, also known as 'blue sky' exemptions, which may help increase liquidity and expand investment advisors' ability to recommend investment in York Harbour.

How does the eligibility with DTC benefit investors?

The eligibility with DTC allows for electronic clearing and settlement of York Harbour's common shares, speeding up the receipt of stock and cash, as well as the settlement process for investors. It also provides cost benefits for investors and brokers trading Canadian securities in the United States.

Who is DTC?

DTC is a subsidiary of the Depository Trust and Clearing Corporation (DTCC), a member of the United States Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission.