Upside Gold Corp. announced that its common shares have begun trading on the OTCQB Venture Market in the United States under the symbol UGODF. The company's shares will continue to trade on the Canadian Securities Exchange under the symbol UG and on the Frankfurt Stock Exchange under the symbol 47I. This development represents a strategic move to increase the company's visibility and accessibility within U.S. capital markets.
According to Sophy Cesar, Chief Executive Officer of Upside Gold, the OTCQB listing broadens the company's exposure to U.S. investors and represents an important step in building a more diversified shareholder base. Cesar emphasized that improved trading accessibility and liquidity are crucial as the company continues to advance its Kena Gold-Copper Project and communicate the scale of the opportunity. Access to U.S. capital markets is increasingly important for growth-stage exploration companies and allows Upside Gold to engage a broader audience as it executes its growth strategy.
The OTCQB Venture Market is designed for early stage and developing U.S. and international companies. Investors can find real-time quotes and market information for the company on www.otcmarkets.com. This platform provides enhanced transparency and trading opportunities for investors interested in the junior mining sector.
Upside Gold Corp. is a Canadian gold-copper exploration company that has entered into an option agreement to acquire a 100% interest in the Kena Gold-Copper Project, located in southeastern British Columbia, approximately 7 kilometres southwest of Nelson. The Kena Project consists of 198 mineral claims covering 10,114.8 hectares, together with 11 crown grants covering approximately 92 hectares. The corporation is focused on advancing the Kena Gold-Copper Project through systematic exploration and drilling programs.
The Kena Project hosts a historical gold resource comprising an Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold, and an Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77 million ounces of gold. The historical resource estimate is disclosed in the technical report entitled "NI 43-101 Resource Estimate for the Kena and Daylight Properties" prepared by Sue Bird, P.Eng. of Moose Mountain Technical Services, dated May 3, 2021, and filed on SEDAR on behalf of West Mining Corp. A Qualified Person, as defined by National Instrument 43-101, has not done sufficient work to classify the historical estimate as current mineral resources, and Upside Gold Corp. is not treating the historical estimate as current mineral resources. The historical estimate is provided for information purposes only and should not be relied upon.
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Upside Gold. Forward-looking statements include estimates and statements that describe Upside Gold's future plans, objectives or goals, including words to the effect that Upside Gold or its management expects a stated condition or result to occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure or inability to complete the Transaction on the terms as announced or at all, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfil the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry.
