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 enhance the company's visibility and accessibility within U.S. capital markets.
Chief Executive Officer Sophy Cesar stated that the OTCQB listing broadens Upside's exposure to U.S. investors and represents an important step in building a more diversified shareholder base. Improved trading accessibility and liquidity are key 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 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 listing provides a regulated trading platform that can facilitate greater investor participation and potentially improve stock liquidity.
Upside Gold Corp. is a Canadian gold-copper exploration company focused on advancing the Kena Gold-Copper Project through systematic exploration and drilling programs. The project is located in southeastern British Columbia, approximately 7 kilometres southwest of Nelson. It consists of 198 mineral claims covering 10,114.8 hectares, together with 11 crown grants covering approximately 92 hectares.
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. The company's forward-looking statements involve substantial known and unknown risks and uncertainties, most of which are beyond its control.
This move to the OTCQB market matters because it provides U.S. investors with easier access to a Canadian exploration company with significant mineral claims. For the mining industry, it demonstrates how junior exploration companies are seeking broader capital market access to fund development. The listing could potentially increase trading volume and investor awareness as Upside works to advance its British Columbia project. The company's ability to engage U.S. investors may influence its capacity to raise capital and execute exploration programs that could eventually contribute to mineral resource development in the region.
