Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release that "it secured Depository Trust Company (DTC) eligibility for its shares traded in the United States under the symbol "PGEZF" effective June 29, 2021."
Group Ten Metals stated that the DTC is a subsidiary of The Depository Trust & Clearing Corp. that is responsible for managing electronic clearing and settlement of shares of publicly traded companies in the U.S. The company explained that the "DTC eligible" designation allows securities to be traded electronically, which in turn speeds up transactions including the receipt of stock and cash and accelerates the settlement process.
The company's President and CEO, Michael Rowley commented, "We are pleased to have secured DTC eligibility to facilitate streamlined trading in the United States where we have a significant shareholder base and trading volume."
"We believe this is a timely development as we look to debut an initial 43-101 mineral resource estimate on our flagship Stillwater West project this summer, with a focus on battery and platinum group metals in a premier U.S. mining district. We look forward to providing updates with respect to our 10,000-meter drill program in the very near term and to rolling out the results from that and other initiatives as they become available," Rowley added.
Group Ten Metals is a mineral exploration company based in Vancouver, B.C., that is focused on developing North American platinum, palladium, nickel, copper, cobalt and gold exploration assets. The firm noted that its primary core asset is the Stillwater West PGE-Ni-Cu-Co + Au project in the state of Montana. The company also owns a gold property in northwest Ontario and a PGE-Ni-Cu-Co project in Canada's Yukon Territory.
[NLINSERT]Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Group Ten Metals. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Group Ten Metals, a company mentioned in this article.
