Fitzroy Minerals Inc. announced that its common shares have qualified to trade on the OTCQX Best Market in the United States, representing an upgrade from the OTCQB Venture Market. The company's shares began trading on OTCQX under the symbol "FTZFF." This transition marks a significant step for the mineral exploration company, which maintains its primary listing on the TSX Venture Exchange under the symbol FTZ.
Campbell Smyth, Chairman of Fitzroy, stated that the graduation improves the company's visibility to U.S. investors, increases liquidity, and highlights its commitment to creating long-term value for shareholders. The company is advancing the Buen Retiro and Caballos Copper Projects in Chile as part of its exploration and development portfolio. U.S. investors can access current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market is designed for established, investor-focused U.S. and international companies that meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating from the OTCQB Market to OTCQX represents an important milestone for companies seeking to demonstrate their qualifications and build visibility among U.S. investors. This development is particularly relevant for resource companies like Fitzroy Minerals that operate internationally but seek broader access to capital markets.
Fitzroy Minerals' 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 focus on exploring and developing mineral assets with substantial upside potential in the Americas aligns with growing global demand for copper and other critical minerals. For more information on Fitzroy Minerals, investors can visit the company's website at www.fitzroyminerals.com.
The move to OTCQX comes at a time when mining companies face increasing scrutiny regarding their financial transparency and governance practices. By meeting the OTCQX qualification standards, Fitzroy Minerals signals to investors that it adheres to rigorous requirements, potentially making it more attractive to institutional and retail investors in the United States. This enhanced market presence could facilitate capital raising efforts needed to advance the company's exploration projects, particularly in Chile's copper-rich regions where infrastructure and geological potential support development.
For shareholders, the OTCQX listing provides improved trading accessibility and potentially greater liquidity, as the market is widely monitored by U.S. investors and financial platforms. The graduation reflects the company's progression along a common pathway for international mining companies seeking to expand their investor base beyond their home exchanges. As global demand for copper continues to grow, driven by electrification and renewable energy transitions, companies with advanced projects in mining-friendly jurisdictions like Chile may benefit from increased investor attention.
