First Andes Silver Announces New U.S. Stock Symbol

Rhea-AI Summary

First Andes Silver (OTC:FASLF) announced that, effective at market open on March 13, 2026, its common shares will trade on the OTC Markets under the symbol FASLF. The company also confirmed DTC eligibility for electronic clearing and settlement in the United States, which the company says should simplify trading, reduce transaction costs and enhance U.S. liquidity for its shares.

Positive

• OTC quotation under symbol FASLF effective March 13, 2026
• DTC eligibility enables electronic clearing and settlement in the U.S., aiding liquidity

Negative

• None.

Key Figures

Effective U.S. trading date: March 13, 2026

1 metrics

Effective U.S. trading date March 13, 2026 Date new OTC symbol FASLF became effective

Market Reality Check

Price: $0.1080 Vol: Volume 75,072 is roughly ...

normal vol

$0.1080 Last Close

Volume Volume 75,072 is roughly in line with the 20-day average of 77,282. normal

Technical Trading above the 200-day MA at 0.08, with price at 0.108 pre-news.

Peers on Argus

Peers in Other Precious Metals & Mining show mixed to flat moves, from 0% (SWLFF...

Peers in Other Precious Metals & Mining show mixed to flat moves, from 0% (SWLFF, GGLXF, PLLMF) to -3.01% (ENDMF), indicating today’s setup appears stock-specific rather than a broad sector move.

Historical Context

5 past events · Latest: Mar 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 02	Exploration results	Positive	+7.1%	Phase 1 soil assays defining multiple silver-in-soil anomalies in Peru.
Feb 23	Management update	Positive	+11.2%	Engagement of Vice President, Corporate Communications to lead outreach efforts.
Feb 13	Financing closed	Negative	-8.4%	Closing of oversubscribed C$2M private placement financing with new shares issued.
Feb 03	Asset acquisition	Positive	+11.6%	Acquisition of three silver exploration projects in New South Wales, Australia.
Jan 21	Financing announced	Neutral	+2.5%	Announcement of up to $2M private placement for drilling and working capital.

Pattern Detected

Recent news — including exploration results, financings and acquisitions — has generally seen price reactions that align with the underlying news tone.

Recent Company History

Over the past few months, First Andes Silver has combined exploration progress with corporate and financing steps. Phase 1 soil assays on Mar 02 highlighted kilometre‑scale silver‑in‑soil anomalies with a positive 7.06% reaction. Management expanded corporate communications on Feb 23, while a C$2M private placement closed on Feb 13 after being oversubscribed. On Feb 03, the company closed an Australian silver project acquisition. Earlier, on Jan 21, it announced the same financing.

Market Pulse Summary

This announcement formalizes a new OTC symbol and confirms DTC eligibility, aiming to simplify U.S. ...

Analysis

This announcement formalizes a new OTC symbol and confirms DTC eligibility, aiming to simplify U.S. trading and potentially enhance liquidity. In recent months, the company combined exploration news, acquisitions and financings, each drawing notable price reactions. Investors may track how improved U.S. market access interacts with ongoing drilling plans, past capital raises, and future project updates when assessing trading behavior and capital needs.

Key Terms

otc markets, depository trust company

2 terms

otc markets financial

"its common shares will be quoted on the OTC Markets platform under the symbol"

Over-the-counter (OTC) markets are trading venues where buyers and sellers deal directly through dealers or electronic networks instead of on a formal exchange; think of a neighborhood flea market versus a supermarket. They matter to investors because OTC-listed stocks often represent smaller or international companies with fewer reporting requirements, which can mean lower liquidity, wider price swings and higher risk but sometimes earlier access to growth opportunities.

depository trust company financial

"eligible for electronic clearing and settlement in the United States through the Depository Trust Company"

A central securities depository that holds stocks, bonds and other securities in electronic form and handles the transfer and finalizing of trades between brokerages. For investors it acts like a secure electronic vault and central bookkeeping hub that speeds transactions, reduces the chance of lost or duplicated certificates, and determines whether holdings are eligible for trading, dividends and other corporate actions through your broker.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - March 13, 2026) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC: FASLF) (FSE: 9TZ0) ("First Andes" or the "Company") today announced that, effective opening of trading on March 13, 2026, its common shares will be quoted on the OTC Markets platform under the symbol "FASLF". The new symbol aligns with the Company's stock symbol on the TSX Venture Exchange.

The Company also confirms that its common shares are eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC"). DTC simplifies the process of trading, reducing transaction costs and enhances the liquidity of the company's shares in the United States.

About First Andes Silver Ltd.

First Andes Silver Ltd. is a British Columbia company that holds a 100% interest in the high-grade Santas Gloria silver property, located in a major mining district approximately 55 km east of Lima, Peru. Santas Gloria has excellent established road access, is situated within a well-known intermediate-sulphidation epithermal belt, and hosts over 12 km of multiphase veins mapped at surface that had never been historically drilled or explored using modern techniques prior to 2024. Across two phases of diamond drilling (2024-2025), First Andes has reported strong near-surface epithermal silver intercepts in 21 of 26 drill holes, confirming silver mineralization across multiple vein systems and supporting systematic, project-wide exploration and follow-up drilling in 2026.

For more information please contact:
Colin Smith, CEO & Director
Phone: 604 806-0626 (ext. 108)
E-mail: info@firstandes.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history, ability to obtain sufficient financing to carry out its exploration programs and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288352

FAQ

When will First Andes Silver (FASLF) begin trading under the new OTC symbol?

It began trading under OTC symbol FASLF at the opening of market on March 13, 2026. According to the company, the new OTC quote aligns with its TSXV symbol to simplify cross‑market identification for investors.

What does DTC eligibility mean for First Andes Silver (FASLF) investors?

DTC eligibility allows electronic clearing and settlement of shares in the U.S., improving efficiency for brokers and investors. According to the company, this should reduce transaction costs and streamline trading for U.S. holders.

How might the OTC listing under FASLF affect First Andes Silver's liquidity?

The OTC quotation and DTC eligibility together are expected to enhance U.S. liquidity for the shares by simplifying trades and settlement. According to the company, this change aims to make U.S. trading easier and reduce execution friction.

Can U.S. investors trade First Andes Silver (FASLF) more easily after March 13, 2026?

Yes. With the OTC listing and DTC eligibility, U.S. investors can trade the shares with standard electronic settlement, which the company says simplifies execution and lowers transaction costs compared with manual processes.

Will the new OTC symbol FASLF change First Andes Silver's TSXV listing?

No. The TSXV listing remains unchanged; the OTC symbol FASLF aligns U.S. quotation with the TSXV ticker. According to the company, this alignment is intended to improve cross‑market recognition without altering the primary TSXV listing.