OTC Markets Group Welcomes American Lithium Corp. to OTCQX
Rhea-AI Summary
American Lithium Corp (TSX-V: LI; OTCQX: AMLIF) has qualified to trade on the OTCQX® Best Market, as announced by OTC Markets Group (OTCQX: OTCM). The lithium-focused mining company, previously traded on NASDAQ, begins trading on OTCQX under the symbol 'AMLIF'. The OTCQX Market provides companies with cost-effective access to U.S. capital markets, allowing them to use home market reporting if listed on a qualified international exchange. Companies must meet high financial standards, follow best practice corporate governance, and comply with securities laws to qualify.
Positive
- Maintains U.S. market presence and liquidity through OTCQX listing
- Cost-effective access to U.S. capital markets through OTCQX compared to NASDAQ
- Streamlined reporting requirements through home market reporting allowance
Negative
- Downgrade from NASDAQ to OTCQX indicates reduced market presence
- Potential decrease in trading volume and institutional investor access
NEW YORK, Dec. 30, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced American Lithium Corp. (TSX-V: LI; OTCQX: AMLIF), a lithium-focused mining company, has qualified to trade on the OTCQX® Best Market. American Lithium Corp. previously traded on NASDAQ.
American Lithium Corp. begins trading today on OTCQX under the symbol “AMLIF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
American Lithium Interim Chief Executive Officer, Alex Tsakumis, commented, “We are pleased to be back on the OTCQX Market while continuing to provide our valued U.S. shareholders with execution and liquidity services and continuing to build our visibility.”
About American Lithium Corp.
American Lithium is developing two of the world’s largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern Peru. All three projects have been through robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
FAQ
Why did American Lithium Corp move from NASDAQ to OTCQX?
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