TRU Updates US Exchange Listing

Rhea-AI Summary

TRU Precious Metals Corp. has announced its voluntary delisting from the OTCQB Venture market, effective May 31, 2025. Starting June 1, 2025, the company's shares will transition to trading on the OTC PINK Current Market while maintaining its current ticker symbol TRUIF. CEO Steve Nicol explained this move as part of their cost-reduction strategy to redirect more funds toward exploration activities. The company will continue to maintain its primary listing on the TSX Venture Exchange under the symbol TRU.

Positive

• Cost reduction initiative aims to preserve capital for core exploration activities
• Maintains trading accessibility through OTC Pink Market and primary TSX Venture listing

Negative

• Downgrade from OTCQB to OTC Pink market may reduce visibility to US investors
• Moving to a less regulated market tier could impact investor confidence

TORONTO, ON / ACCESS Newswire / May 30, 2025 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) ("TRU" or the "Company") announces that it will voluntarily delist from the OTC Markets Group OTCQB Venture market ("OTCQB") effective May 31, 2025. Beginning on June 1, 2025, the Company's common shares will be quoted in the US on the OTC PINK Current Market ("OTC"), also operated by the OTC Markets Group.

TRU CEO Steve Nicol commented: "This voluntary delisting is part of our ongoing cost-rationalization effort aimed at maximizing the allocation of funds towards exploration activities to create value for our shareholders."

TRU's shares will continue to trade in Canada on the TSX Venture Exchange under the current ticker symbol "TRU," and will be quoted in the US on the OTC under the current ticker symbol "TRUIF".

About TRU Precious Metals Corp.
TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development. The company's flagship project is the Golden Rose Project a regional-scale 297.50 km2 land package in Central Western Newfoundland (includes a 33.25 km² package of claims over which TRU has an option with TSX-listed Quadro Resources to acquire up to an aggregate 65% ownership) which straddles a 45 km strike length along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Calibre Mining's Valentine Project and AuMEGA Metals' Cape Ray Gold Project. TRU is currently focused on efficiently discovering the full gold and copper potential at Golden Rose, targeting continuity along this proven gold bearing trend. The Golden Rose Project is currently subject to an Earn-In Agreement with TSX-listed Eldorado Gold Corporation ("Eldorado"), whereby Eldorado has the option to fund CAD15.25M in cash payments and exploration expenditures over 5 years to earn an 80%-interest in the Golden Rose project. Please refer to our July 30^th, 2024 press release for further details of the agreement.

TRU is approximately 36%-owned by European strategic investor Ormonde Mining plc (AQSE:ORM).

For further information about TRU, please contact:

Steve NICOL
CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: ir@trupreciousmetals.com

To connect with TRU via social media, below are links:

X (formerly Twitter): https://x.com/metalstru
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/

Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support through the Junior Exploration Assistance Program and the Federal Government for its critical mineral assistance funding for the exploration activities at Golden Rose.

Forward-Looking Statements
This press release contains certain forward-looking statements. These statements are based on numerous assumptions regarding Golden Rose, the Company's exploration programs and results, and commodities prices that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Golden Rose; the exploration potential of Golden Rose and the nature and style of mineralization at Golden Rose; risks inherent in mineral exploration activities; volatility in precious metals and base metals prices; volatility in economic conditions and financial markets; and those other risks described in the Company's continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.

This press release is solely the responsibility of TRU, and Eldorado is not in any way responsible or liable for the contents hereof.

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

SOURCE: TRU Precious Metals Corp.

View the original press release on ACCESS Newswire

FAQ

Why is TRU Precious Metals (TRUIF) delisting from OTCQB?

TRU is voluntarily delisting from OTCQB as part of a cost-rationalization effort to maximize funds for exploration activities.

When will TRUIF stock move from OTCQB to OTC Pink?

TRUIF will delist from OTCQB on May 31, 2025, and begin trading on OTC Pink Market on June 1, 2025.

Will TRUIF stock still be tradeable after delisting from OTCQB?

Yes, TRUIF shares will continue trading on the OTC Pink Market in the US and remain listed on the TSX Venture Exchange in Canada.

What is the difference between OTCQB and OTC Pink for TRUIF shareholders?

OTC Pink has fewer regulatory requirements and reporting standards compared to OTCQB, but shares remain tradeable with the same TRUIF symbol.