Moon River Moly Ltd. Engages Independent Trading Group as Market Maker

Rhea-AI Summary

Moon River Moly Ltd. (TSXV: MOO, OTCQB: MRIVF) has engaged Independent Trading Group (ITG) to provide market-making services across TSX Venture Exchange, CSE, and Cboe Canada venues. ITG will focus on maintaining reasonable market conditions and enhancing the liquidity of Moon River's common shares. The agreement includes a monthly compensation of CAD$6,500, with an initial one-month term that automatically renews unless terminated with 30 days' notice. The arrangement is strictly fee-based, with no performance factors or equity compensation involved. Both parties have confirmed their independence, with ITG and its principals holding no direct or indirect interest in Moon River's securities.

Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) ("Moon River" or the "Company") announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange TSXV, CSE, and Cboe Canada policies. ITG will trade shares of the Company on the CSE/ Cboe Canada/ TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD$6,500 per month, payable monthly in advance. The agreement is for an initial term of one month and will renew automatically for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Moon River

Moon River is a Canadian-based resource company focused on the acquisition, exploration and development of mineral projects. Moon River is focused on the development of the Davidson Property which hosts a large molybdenum-tungsten deposit and is located near Smithers, British Columbia. The Company also holds 25% of one of the largest molybdenum mines in North America, the Endako Mine Complex also located in British Columbia.

For further information, please contact:

Paul Parisotto, President, Chief Executive Officer and Director, at (416) 800-1753 or info@moonrivermoly.com.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements:

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects", "plans" and similar expressions, which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements concerning the engagement of a ITG to provide market making services to the Company.

These forward-looking statements reflect the current views of the Company, represent the expectations of the Company as of the date of this news release, and are based on certain assumptions that the Company has made in respect thereof as at the date of this press release.

Although the Company believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that a reasonable market will be maintained nor that the liquidity of the Company's common shares will be improved. The forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including risks detailed in the Company's continuous disclosure, which are available on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release.

These risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. The Company does not undertake any obligation to publicly update or revise any forward-looking statements or information, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254164

FAQ

What is the purpose of Moon River Moly Ltd. engaging ITG as market maker?

ITG was engaged to maintain reasonable market conditions and improve the liquidity of Moon River's common shares across various trading venues including TSXV, CSE, and Cboe Canada.

How much will Moon River Moly (MRIVF) pay ITG for market making services?

Moon River will pay ITG CAD$6,500 per month, payable in advance, for their market making services.

What is the duration of the market making agreement between Moon River and ITG?

The agreement has an initial term of one month and will automatically renew for additional one-month terms unless terminated with 30 days' notice by either party.

Will ITG receive any shares or options from Moon River Moly as compensation?

No, ITG will not receive any shares or options as compensation. The agreement is strictly fee-based with a monthly payment of CAD$6,500.