Upside Gold Corp. (CSE: UG) (FSE: 47I) (OTCQB: UGODF) announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. This milestone allows the company's shares to be traded across a wider network of U.S. brokerage platforms, potentially improving liquidity and broadening the investor base.
DTC eligibility is expected to reduce friction for U.S. investors and strengthen the company's visibility in the world's largest capital market. As a subsidiary of the Depository Trust & Clearing Corporation (DTCC), DTC handles electronic clearing and settlement for publicly traded companies, accelerating the settlement process and making shares more accessible.
"Achieving DTC eligibility reflects our commitment to building a company that is accessible to investors across North America and Europe," said Sophy Cesar, CEO of Upside Gold Corp. "As we advance the Kena Gold-Copper Project toward our next major milestones, we want U.S. investors to be able to participate easily and efficiently in Upside's growth story. This is about removing barriers and expanding our reach."
The DTC eligibility comes at a pivotal time for the company, which is preparing for exploration drilling at the Kena Gold-Copper Project in British Columbia this spring and summer. Results from this drilling are expected to serve as a key catalyst in the coming months. With shares now trading on the CSE (UG), OTCQB (UGODF), and Frankfurt Stock Exchange (47I), Upside Gold is positioned to reach investors across three major markets.
For more information, visit the company's website at www.upsidegoldcorp.com.
On behalf of Upside Gold Corp., Sophy Cesar, CEO and Director, can be contacted via the company's website.
Upside Gold Corp. is a Canadian gold-copper exploration company that has entered into an option agreement to acquire a 100% interest in the Kena Gold-Copper Project, located in southeastern British Columbia, approximately 7 kilometres southwest of Nelson. The Kena Project consists of 198 mineral claims covering 10,114.8 hectares, together with 11 crown grants covering approximately 92 hectares.
The company is focused on advancing the Kena Gold-Copper Project through systematic exploration and drilling programs. The project hosts a historical gold resource comprising an Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold, and an Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77 million ounces of gold. The historical resource estimate is disclosed in the technical report entitled "NI 43-101 Resource Estimate for the Kena and Daylight Properties" prepared by Sue Bird, P.Eng. of Moose Mountain Technical Services, dated May 3, 2021, and filed on SEDAR on behalf of West Mining Corp.
A Qualified Person, as defined by National Instrument 43-101, has not done sufficient work to classify the historical estimate as current mineral resources, and Upside Gold Corp. is not treating the historical estimate as current mineral resources. The historical estimate is provided for information purposes only and should not be relied upon. To upgrade the historical estimate as current mineral resource additional drilling needs to be completed.
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties. Forward-looking statements include estimates and statements that describe Upside Gold's future plans, objectives or goals, including words to the effect that Upside Gold or its management expects a stated condition or result to occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and other risks involved in the mineral exploration and development industry. Although Upside Gold believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. Upside Gold disclaims any intention or obligation to update or revise any forward-looking information, except as required by law.
