Southern Cross Gold Commences Trading on TSX Main Board

Rhea-AI Summary

Southern Cross Gold (TSX:SXGC, ASX:SX2, OTC:MWSNF) has received final approval to upgrade its listing from TSX Venture Exchange to the Toronto Stock Exchange (TSX) main board. Trading will commence on July 2, 2025 under the symbol "SXGC".

The company will maintain its dual listing on the Australian Securities Exchange (ASX) under symbol "SX2". This milestone is expected to provide access to deeper capital markets, improved liquidity, and broader institutional investor exposure. No action is required from shareholders regarding this listing change.

Positive

• Upgrade to TSX main board from TSX Venture Exchange indicates company growth
• Access to deeper capital markets and broader institutional investor base
• Enhanced trading flexibility through dual major exchange listings
• Potential for improved stock liquidity

Negative

• None.

Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - July 2, 2025) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce that it has received final approval from Toronto Stock Exchange (the "TSX") to list its common shares (the "SXGC Shares") and will commence trading on TSX at market open on Wednesday, July 2, 2025, under the trading symbol "SXGC". On commencement of trading on TSX, the SXGC Shares will be delisted from TSX Venture Exchange. The Company will continue to trade on the Australian Securities Exchange ("ASX") under the trading symbol "SX2".

Shareholders are not required to exchange their share certificates or direct registration system advices, or take any other action in connection with the listing on the TSX. The Company's CUSIP 842685109 and ISIN CA8426851090 remain unchanged.

Mr. Michael Hudson, President & CEO, commented: "Our graduation from the TSX Venture Exchange to the main TSX board represents a significant milestone that provides Southern Cross Gold with access to deeper capital markets, improved liquidity, and a broader institutional investor base. TSX-listed companies are viewed as more established investment opportunities, and this graduation opens the door to enhanced institutional investment and potential index inclusion opportunities.

"Institutional investors are increasingly focused on Tier 1 Western-domiciled antimony and gold assets, and combined with our continued ASX listing, we now offer investors enhanced trading flexibility across dual major exchanges."

About Southern Cross Gold Consolidated Ltd. (TSX: SXGC) (ASX: SX2)

Southern Cross Gold Consolidated Ltd. (TSX: SXGC, ASX: SX2) controls the Sunday Creek Gold-Antimony Project located 60 km north of Melbourne, Australia. Sunday Creek has emerged as one of the Western world's most significant gold and antimony discoveries, with exceptional drilling results including 66 intersections exceeding 100 g/t AuEq x m from just 84 km of drilling. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with confirmed continuity from surface to 1,100 m depth.

Sunday Creek's strategic value is enhanced by its dual-metal profile, with antimony contributing approximately 20% of the in-situ value alongside gold. This has gained increased significance following China's export restrictions on antimony, a critical metal for defense and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier. Importantly, Sunday Creek can be developed primarily based on gold economics, which reduces antimony-related risks while maintaining strategic supply potential.

Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93% to 98% through gravity and flotation.

With a treasury of A$170m and the commencement of a drill program surpassing 200 km, we are positioned for accelerated expansion and derisking of Sunday Creek, a globally significant gold-antimony discovery in a tier-one jurisdiction.

- Ends -

This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd.

For further information, please contact:

Mariana Bermudez - Corporate Secretary - Canada

mbermudez@chasemgt.com or +1 604 685 9316

Executive Office: 1305 - 1090 West Georgia Street Vancouver, BC, V6E 3V7, Canada

Nicholas Mead - Corporate Development

info@southerncrossgold.com or +61 415 153 122

Justin Mouchacca, Company Secretary - Australia

jm@southerncrossgold.com.au or +61 3 8630 3321

Subsidiary Office: Level 21, 459 Collins Street, Melbourne, VIC, 3000, Australia

Forward-Looking Statement

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include: general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in the Company's documents filed with Canadian or Australian securities regulatory authorities (under code SX2). You can find further information with respect to these and other risks in filings made by the Company with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for the Company in Canada at www.sedarplus.ca or in Australia at www.asx.com.au (under code SX2). Documents are also available at www.southerncrossgold.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257504

FAQ

When will Southern Cross Gold (SXGC) start trading on the TSX main board?

Southern Cross Gold will commence trading on the TSX main board on July 2, 2025 under the symbol 'SXGC'.

What happens to Southern Cross Gold (SXGC) shares after moving to TSX main board?

Shareholders are not required to take any action. Share certificates, CUSIP, and ISIN remain unchanged. The stock will be delisted from TSX Venture Exchange upon TSX listing.

What are the benefits of Southern Cross Gold's TSX main board listing?

The TSX main board listing provides access to deeper capital markets, improved liquidity, broader institutional investor base, and potential index inclusion opportunities.

On which exchanges does Southern Cross Gold (SXGC) trade?

Southern Cross Gold trades on the Toronto Stock Exchange (TSX:SXGC), Australian Securities Exchange (ASX:SX2), OTC Pink (MWSNF), and Frankfurt Stock Exchange (MV3).