Goldrich Mining Co. (GRMC:OTCQB) in a news release announced its "successful uplisting to the OTC Markets Group Inc.'s OTCQB® Venture Market (OTCQB)." Goldrich Mining advised that its common shares commenced trading under the ticker symbol "GRMC" on the OTCQB effective March 19, 2021.
The firm explained that the OTCQB is a venture market operated by the OTC Markets Group, Inc. OTCQB listed companies are required to be up to date in their financial reporting and must complete an annual verification and management certification process in order to maintain listing.
Goldrich added that to gain and maintain OTCQB listing, which the U.S. Securities and Exchange Commission recognizes as an established public market, companies must meet certain minimum bid price test and other financial conditions.
The company's Chief Executive Officer William Schara stated, "We are excited about Goldrich's uplisting on the OTCQB exchange as it provides GRMC with greater market exposure, upgrades our position in the public markets, further broadens our shareholder base and will provide better access to capital by advancing our shares to a more robust trading market providing for more active trading."
Goldrich stated that it is focused on developing the Chandalar gold district in Alaska and that "it controls a land package spanning 23,000 acres of highly prospective gold targets and historic mines." The firm is presently concentrating its efforts at Chandalar by monetizing the existing placer mine assets and is working toward building a lode gold mine.
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