{"id":2046,"date":"2024-03-13T00:06:55","date_gmt":"2024-03-13T00:06:55","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/13\/fireweed-upgrades-to-trade-shares-on-the-otcqx-best-market\/"},"modified":"2024-03-13T00:06:55","modified_gmt":"2024-03-13T00:06:55","slug":"fireweed-upgrades-to-trade-shares-on-the-otcqx-best-market","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/13\/fireweed-upgrades-to-trade-shares-on-the-otcqx-best-market\/","title":{"rendered":"Fireweed Upgrades to Trade Shares on the OTCQX Best Market"},"content":{"rendered":"
\n

Fireweed Metals CORP. (\u2018Fireweed\u2019 or the \u2018Company\u2019) (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G) is pleased to announce its upgrade from the OTCQB\u00ae Venture Market to the OTCQX\u00ae Best Market (\u2018OTCQX\u2019), a top-tier public market in the United States. As of today, Fireweed\u2019s common shares are actively trading on OTCQX under the trading symbol \u2018FWEDF.\u2019 This significant step underscores the Company\u2019s commitment to accessibility for U.S. investors, aligning with the high standards set by OTCQX.<\/p>\n

CEO Statement <\/em><\/p>\n

Brandon Macdonald, CEO, stated \u2018Fireweed\u2019s transition from OTCQB to OTCQX affirms the quality of our Company and projects. By being on the OTCQX platform, we\u2019ve broadened accessibility to Fireweed shares, catering to a wider spectrum of investors. This is poised to enhance our shareholder base both in the U.S. and globally, amplifying our overall liquidity.\u2019 <\/p>\n

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. <\/p>\n

About Fireweed Metals Corp. (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G): <\/strong> Fireweed is a public mineral exploration company on the leading edge of Critical Minerals project development. Fireweed is well-funded, with a healthy balance sheet, and has three projects located in Canada: <\/p>\n

Mactung Project (Tungsten): <\/strong> Fireweed owns 100% interest in the 38 km 2 Mactung Project located adjacent to the Macpass Project. Recently announced Mineral Resources for Mactung (41.5 Mt Indicated Resource at 0.73% WO 3 and 12.2 Mt Inferred Resource at 0.59% WO 3 ) 3 make it the world\u2019s largest high-grade resource of the Critical Mineral tungsten**. Located in Canada, it is one of the rare large tungsten resources outside of China**. Gayna Project (Zinc-Lead-Silver-Gallium-Germanium): <\/strong> Fireweed owns 100% of the 129 km 2 Gayna Project located 180 km north of the Macpass Project. It is host to extensive mineralization including Critical Minerals zinc, gallium and germanium as well as lead and silver, outlined by 28,000 m of historical drilling. A re-evaluation of the geology supported by recent ground gravity geophysics results, soil surveys, and high-grade rock samples, indicate drill targets with potential for high-grade Kipushi-style massive sulphide mineralization. <\/p>\n

Qualified Person Statement <\/strong><\/p>\n

Technical information in this news release has been approved by Fireweed\u2019s CEO, Brandon Macdonald, P.Geo. (BC), a \u2018Qualified Person\u2019 as defined under Canadian National Instrument 43\u2011101. <\/p>\n

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQX: FWEDF) trades on the OTCQX Best Market and is DTC eligible for enhanced electronic clearing and settlement. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: M0G) trades on the Frankfurt Stock Exchange. <\/p>\n

Additional information about Fireweed and its projects can be found on the Company\u2019s website at FireweedMetals.com and at www.sedarplus.com <\/p>\n

About OTC Markets Group Inc.: <\/strong> OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Data-driven disclosure standards form the foundation of three public markets: OTCQX\u00ae Best Market, OTCQB\u00ae Venture Market and Pink\u00ae Open Market. <\/p>\n

OTC Link\u00ae Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. OTC\u2019s innovative model offers companies more efficient access to the U.S. financial markets. <\/p>\n

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. <\/p>\n

To learn more about how OTC creates better informed and more efficient markets, visit www.otcmarkets.com . <\/p>\n

Subscribe to the OTC Markets RSS Feed <\/p>\n

Media Contact: <\/em><\/strong><\/p>\n

OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com <\/p>\n

ON BEHALF OF Fireweed Metals CORP. <\/strong><\/p>\n

\u2018 <\/em> Brandon Macdonald <\/em><\/strong> \u2018 <\/em><\/p>\n

CEO & Director <\/p>\n

Contact: <\/p>\n

Brandon Macdonald
Phone: (604) 646-8361
Email: info@fireweedmetals.com <\/p>\n

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. <\/em><\/p>\n

Cautionary Statements <\/strong><\/p>\n

Forward Looking Statements <\/em><\/p>\n

This news release contains \u2018forward-looking\u2019 statements and information (\u2018forward-looking statements\u2019). All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to the potential of the Company\u2019s projects, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as \u2018expects\u2019, \u2018anticipates\u2019, \u2018believes\u2019, \u2018intends\u2019, \u2018estimates\u2019, \u2018potential\u2019, \u2018possible\u2019, and similar expressions, or statements that events, conditions, or results \u2018will\u2019, \u2018may\u2019, \u2018could\u2019, or \u2018should\u2019 occur or be achieved. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company\u2019s expectations include but are not limited to, exploration and development risks, unanticipated reclamation expenses, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company\u2019s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events. The Company assumes no obligation to update forward <\/em> \u2010 <\/em> looking statements or beliefs, opinions, projections or other factors, except as required by law. <\/em><\/p>\n

Footnotes and References <\/strong><\/p>\n

** References to relative size and grade of the Mactung resources and Macpass resources in comparison to other tungsten and zinc deposits elsewhere in the world, respectively, are based on review of the Standard & Poor\u2019s Global Market Intelligence Capital IQ database. <\/p>\n

1 : For details, see https:\/\/www.sedarplus.ca\/ Fireweed Technical Report titled \u2018NI 43-101 Technical Report on the Macmillan Pass Zinc-Lead-Silver Project, Watson Lake and Mayo Mining Districts Yukon Territory, Canada\u2019 filed on https:\/\/www.sedarplus.ca\/ on February 23, 2018, and Fireweed News Release dated January 10, 2018. Leon McGarry, P.Geo., Senior Resource Geologist for CSA Global Canada Geosciences Ltd. is independent of Fireweed Metals Corp. and a \u2018Qualified Person\u2019 as defined under Canadian National Instrument 43-101. Mr. McGarry is responsible for the Macpass Mineral Resource Estimate. <\/p>\n

2 : For details, see https:\/\/www.sedarplus.ca\/ Fireweed Technical Report titled \u2018NI 43-101 Technical Report Macmillan Pass Project Yukon Territory Canada\u2019 filed on https:\/\/www.sedarplus.ca\/ on July 9, 2018, and Fireweed News Release dated May 23, 2018. This Technical Report includes a Preliminary Economic Analysis (PEA) disclosing an economic analysis of mineral resources that is preliminary in nature and does not include any mineral reserves. It is equally emphasized that the mineral resources disclosed within this Technical Report are not mineral reserves and do not have demonstrated economic viability. Michael Makarenko, P.Eng., Project Manager for JDS Energy and Mining, Inc., is independent of Fireweed Metals Corp. and a \u2018Qualified Person\u2019 as defined under Canadian National Instrument 43-101. Mr. Makarenko is responsible for the PEA results. <\/p>\n

3 : For details, see Fireweed news release dated June 13, 2023 \u2018Fireweed Metals Announces Mineral Resources for the Mactung Project: the Largest High-Grade Tungsten Deposit in the World\u2019 and the technical report entitled \u2018NI 43-101 Technical Report, Mactung Project, Yukon Territory, Canada,\u2019 with effective date July 28, 2023 filed on https:\/\/www.sedarplus.ca\/ . Garth Kirkham, P.Geo. is independent of Fireweed Metals Corp., and a \u2018Qualified Person\u2019 as defined under Canadian National Instrument 43-101. Garth Kirkham, of Kirkham Geosystems Limited., is responsible for the Mactung Mineral Resource Estimate. <\/p>\n<\/p>\n<\/div>\n

News Provided by GlobeNewswire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Fireweed Metals CORP. (\u2018Fireweed\u2019 or the \u2018Company\u2019) (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G) is pleased to announce its upgrade from the OTCQB\u00ae Venture Market to the OTCQX\u00ae Best Market (\u2018OTCQX\u2019), a top-tier public market in the United States. As of today, Fireweed\u2019s common shares are actively trading on OTCQX under the trading symbol \u2018FWEDF.\u2019 This […]<\/p>\n","protected":false},"author":0,"featured_media":2047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=2046"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/2047"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=2046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=2046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=2046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}