Fitzroy Minerals Inc. announced that its common shares have qualified to trade on the OTCQX Best Market in the United States, marking an upgrade from the OTCQB Venture Market. The company's shares began trading on OTCQX under the symbol "FTZFF," with U.S. investors able to access current financial disclosure and Real-Time Level 2 quotes on www.otcmarkets.com. Campbell Smyth, Chairman of Fitzroy, stated that the graduation improves the company's visibility to U.S. investors, increases liquidity, and underscores its commitment to creating long-term shareholder value. This development coincides with the advancement of the Buen Retiro and Caballos Copper Projects in Chile, which are central to the company's exploration and development strategy.
The OTCQX Market is designed for established, investor-focused companies that meet high financial standards, adhere to best practice corporate governance, and comply with applicable securities laws. Graduating from the OTCQB Market to OTCQX represents a significant milestone, enabling companies to demonstrate their qualifications and enhance their profile among U.S. investors. Fitzroy's qualification reflects its adherence to these rigorous requirements, positioning it for broader investor engagement. The move to OTCQX is expected to facilitate greater access to U.S. capital markets, supporting Fitzroy's ongoing projects and growth initiatives.
Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the Americas. Its property portfolio includes the Buen Retiro Copper Project near Copiapó, Chile, the Caballos Copper and Polimet Gold-Copper-Silver projects in Valparaiso, Chile, the Taquetren Gold Project in Rio Negro, Argentina, and the Caribou Project in British Columbia, Canada. The company's shares are listed on the TSX Venture Exchange under the symbol FTZ and on the OTCQX under FTZFF. For more information on Fitzroy Minerals, please visit the company's website at www.fitzroyminerals.com.
This listing upgrade highlights the company's progress in meeting regulatory and financial benchmarks, which could attract increased investor interest and trading activity. The announcement underscores the strategic importance of U.S. market access for resource companies seeking to expand their investor base and fund exploration efforts. By achieving OTCQX status, Fitzroy demonstrates operational maturity and compliance, potentially lowering the cost of capital and enhancing its ability to finance projects like the Buen Retiro and Caballos Copper developments. This move aligns with broader trends where junior mining firms leverage U.S. listings to tap into deeper pools of institutional and retail investment, crucial for capital-intensive exploration phases in competitive jurisdictions like Chile.
