Barrel Energy Inc. Obtains Pink Current Status
Rhea-AI Summary
Barrel Energy Inc. (OTC: BRLL) has updated its status to Pink Current from Pink Limited, as announced on June 30, 2022. The company is advancing its efforts to complete Form 15C-211 and lift the CTO in Canada. Barrel focuses on the green energy and battery metals sector, specifically the acquisition and exploration of lithium and battery metals to support the Electric Vehicle (EV) market. An important joint venture is in place for recycling EV batteries, and the company anticipates updates on its MOU with Roshan Energy Technologies for lithium battery development in India and North America.
Positive
- Updated status to Pink Current from Pink Limited, enhancing market visibility.
- Focus on green energy and battery metals supports the growing EV market.
- Joint venture for recycling EV batteries could lead to significant market opportunities.
- Anticipation of updates regarding the partnership with Roshan Energy Technologies for lithium battery development.
Negative
- None.
News Market Reaction – BRLL
On the day this news was published, BRLL gained 1.54%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Las Vegas, Nevada, June 30, 2022 (GLOBE NEWSWIRE) -- Barrel Energy Inc. (the “Company” or “Barrel”) (OTC: BRLL) is pleased to announce that its status has been updated to Pink Current from Pink Limited by OTC Markets.
As stated by the company in a previous tweet, Barrel management has begun the process to complete Form 15C-211 to get solicited quotations, as well as removing the CTO in Canada.
Barrel Energy is focused on several ventures within the rapidly growing green energy and battery metals sector with our focus on the rapid development of valuable production opportunities throughout North America and abroad. Barrel Energy is involved in the acquisition and exploration of Lithium and battery metals to support the Electric Vehicle (EV) market. At present we also hold an important joint venture agreement to advance technologies and processes for recycling of EV batteries.
We are eagerly anticipating an update for our shareholders on the MOU with Roshan Energy Technologies Pvt. Ltd (“Roshan”), located in the tech capital of Hyderabad, India, for Lithium Battery development and production in India and North America which was signed back in 2021, along with our progress in lithium exploration and development.
Please visit our new website www.barrel.energy and our twitter www.twitter.com/barrelenergy for more updates.
About Barrel: Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the energy and minerals sector and the rapid development of valuable production opportunities throughout North America.
Contact:
Harp Sangha/Chairman
+17025952247/sanghaharp1964@gmail.com
www.barrel.energy
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission.
