SAGA Metals Completes OTCQB Listing and Receives DTC Eligibility
December 09 2024 - 8:00AM
SAGA Metals Corp. ("SAGA" or the "Company") (TSXV:
SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration
company focused on critical mineral discovery in Canada, is pleased
to announce that its common shares are now eligible to trade on the
OTCQB under the symbol “SAGMF” and that it has received approval
from the Depository Trust Company (“DTC”) to make the shares
eligible to be electronically cleared and settled (“DTC
Eligibility”).
The OTCQB is a leading market for early-stage
and developing U.S. and international companies. Recognized as an
established public market by the U.S. Securities and Exchange
Commission and operated by OTC Markets Group, Inc., the OTCQB has
helped companies build considerable shareholder value including
enhanced liquidity and valuation. Investors may benefit from
efficient trading through their preferred broker or financial
advisor, transparent pricing with real-time quotes, and trusted
disclosure that is made broadly available to broker-dealers and
market data providers.
DTC is a subsidiary of the Depository Trust and
Clearing Corporation, a United States company that manages the
electronic clearing and settlement of publicly traded companies.
DTC Eligibility incorporates an electronic method of clearing
securities that speeds the receipt of stock and cash, and thus
accelerates the settlement process for certain investors. DTC
Eligibility simplifies the process of trading and transferring SAGA
shares between brokerages in the United States.
Mike Stier, CEO & Director of SAGA
Metals Corp. commented: “Today’s news positions SAGA to
engage with confidence, purpose and consideration more meaningfully
with current and future investors. This is an important milestone
towards broadening our market presence across the United States as
we engage with this significant shareholder audience. Listing on
the OTCQB will provide heightened transparency and visibility to
the investment community. DTC eligibility allows current and
prospective shareholders of SAGA a reliable, cost-efficient, and
timely method for clearing and settlement of our common
shares.”
About SAGA Metals Corp.
SAGA Metals Corp. is a North American mining
company focused on the exploration and discovery of critical
minerals that support the global transition to green energy. The
company's flagship asset, the Double Mer Uranium Project, is
located in Labrador, Canada, covering 25,600 hectares. This project
features uranium radiometrics that highlight an 18-kilometer
east-west trend, with a confirmed 14-kilometer section producing
samples as high as 4,281ppm U3O8 and spectrometer readings of
22,000cps.
In addition to its uranium focus, SAGA owns the
Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region.
This project, developed in partnership with Rio Tinto, has been
expanded through the acquisition of the Amirault Lithium Project.
Together, these properties cover 65,849 hectares and share
significant geological continuity with other major players in the
area, including Rio Tinto, Winsome Resources, Azimut Exploration,
and Loyal Lithium.
SAGA also holds secondary exploration assets in
Labrador, where the company is focused on the discovery of
titanium, vanadium, and iron ore. With a portfolio that spans key
minerals crucial to the green energy transition, SAGA is
strategically positioned to play an essential role in the clean
energy future.
For more information, contact:SAGA Metals Corp.Investor
RelationsTel: +1 (778) 930-1321Email:
info@sagametals.com www.sagametals.com
The TSX Venture Exchange has not reviewed and
does not accept responsibility for the accuracy or adequacy of this
release. Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking
statements within the meaning of applicable securities laws that
are not historical facts. Forward-looking statements are often
identified by terms such as “will”, “may”, “should”, “anticipates”,
“expects”, “believes”, and similar expressions or the negative of
these words or other comparable terminology. All statements other
than statements of historical fact, included in this release are
forward-looking statements that involve risks and uncertainties. In
particular, this news release contains forward-looking information
pertaining to the Company’s OTC Markets listing and DTC
eligibility. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company’s expectations include, but are not
limited to, changes in the state of equity and debt markets,
fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, environmental risks,
limitations on insurance coverage, risks and uncertainties involved
in the mineral exploration and development industry, and the risks
detailed in the Company’s Prospectus filed under its profile at
www.sedarplus.ca and in the continuous disclosure filings made by
the Company with securities regulations from time to time. The
reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of the Company. The reader is cautioned not to place undue
reliance on any forward-looking information. Such information,
although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may
differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news
release and the Company will update or revise publicly any of the
included forward-looking statements only as expressly required by
applicable law.
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