OTC Markets Group Welcomes Adriatic Metals PLC to OTCQX
NEW YORK, July 21, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Adriatic Metals PLC (ASX: ADT; LSE: ADT1; OTCQX: ADMLF), a precious and base metals developer, has qualified to trade on the OTCQX® Best Market. Adriatic Metals PLC upgraded to OTCQX from the Pink® market.
Adriatic Metals PLC begins trading today on OTCQX under the symbol "ADMLF." The symbol symbol "ADMLF" represents the company's CDI's (CHESS Depositary Interests) listing on the Australian Stock Exchange. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Galanopoulos & Company acted as the company's OTCQX sponsor.
About Adriatic Metals PLC
The Vares Project Pre-Feasibility Study boasts robust economics of US$1,040 million post-tax NPV8, 113% post-tax IRR and a capex of US$173 million. Adriatic is the only publicly listed mining company exploring in Bosnia and is leveraging its first mover advantage. The Company is well-funded and concurrent with the advancing Definitive Feasibility Study, continues to explore across its large, highly prospective 41 km2 concession package. Adriatic Metals completed the acquisition TSX-listed Tethyan Resource Corp. in Q4 2020, which contained the Raska Zinc-Silver Project in southern Serbia. The Company is exploring across its 99km2 highly prospective concession area, which includes around the formerly operating Kizevak and Sastavci polymetallic mines.
There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 15 October 2020 announcement and these assumptions continue to apply and have not materially changed. Adriatic Metals is not aware of any new information or data that materially affects the information included in the announcement of the updated Mineral Resource Estimate announced on 1 September 2020 and all material assumptions and technical parameters underpinning the Mineral Resource Estimate continue to apply and have not materially changed.
About OTC Markets Group Inc.
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SOURCE OTC Markets Group Inc.
Company Codes: OTC-PINK:OTCM, OTC-PINK:ADMLF, OTC-QX:ADMLF
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