OTC Markets Group Announces Emperor Metals LTD's Admission to OTCQX Record
Empire Metals LTD Upgrades to OTCQX Market, Announces Trading Under "EPMLF"
Empire Metals LTD, an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia, has announced that it will begin trading today on the OTCQX Best Market. The company will trade under the symbol "EPMLF."
This upgrade from the OTCQB Venture Market marks an important milestone for Empire Metals LTD. To qualify for the OTCQX Market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. Operated by OTC Markets Group Inc., it offers companies more efficient access to the U.S. financial markets. OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities. OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSTM are each SEC regulated ATS operated by OTC Link LLC.
Empire Metals LTD's upgrade is particularly significant given the unprecedented scale of the high-grade titanium discovery at Pitfield. A massive gravity and magnetics anomaly extending over 40km by 8km by 5km deep has been identified, and included within the total Exploration Target is a subset that covers the in-situ weathered sandstone zone. This zone extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.
Moreover, the titanium dioxide (TiO2) values within the interbedded succession of sandstones at Pitfield are higher-grade. Drill results indicate excellent continuity in grades and consistency of the in-situ mineralised beds at Pitfield.
In a statement, Shaun Bunn, Managing Director of Empire Metals, commented on the upgrade, saying, "We are delighted to have qualified to trade on the OTCQX Best Market, which will provide increased accessibility and visibility to U.S. investors. This is an exciting time for Empire Metals LTD, and we look forward to continuing to update our shareholders as we progress with the development of Pitfield."
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Empire Metals LTD on www.otcmarkets.com. The media contact for OTC Markets Group Inc. is available at +1 (212) 896-4428 or [email protected].
In 2024, an Exploration Target for Pitfield was declared, covering the Thomas and Cosgrove mineral prospects, and estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Trading on OTCQX offers Empire Metals LTD increased accessibility and visibility to U.S. investors, which is expected to support the company's ongoing efforts to develop Pitfield.
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