Proactive Investors - Run By Investors For Investors

Primary Energy Metals to uplist to OTC Venture Market

The Vancouver-based exploration and development company will uplist to the OTCQB and continue to trade under the symbol PEMTF
man points at rising share price
Primary Energy develops vanadium, cobalt, copper and nickel-focused mineral resource properties

Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Thursday that it has won approval to uplist its shares to the OTC Venture Market from the Pinks.

The Vancouver-based exploration and development company will continue to trade over-the-counter under the symbol PEMTF while its shares will continue to trade on the Canadian Stock Exchange under PRIM and on the Frankfurt Exchange under 1WZ:GR.

READ: Primary Energy Metals looks back at 'pivotal' 2018; amends Exco deal

No details of when the OTC uplisting will take place were provided in the company’s statement.

In other news, the company has secured DTC eligibility from the Depository Trust Company to allow for electronic settlement and transfer of its shares in the US.

READ: Primary Energy Metals amends development deal in Spain with Exco Mining to allow focus on vanadium

“We expect our presence on the OTC, together with having DTC eligibility, to further enhance trading liquidity and provide additional exposure to US and institutional investors,” said Patrick Morris, Primary’s CEO in a statement.

Primary Energy is engaged in the business of acquiring, exploring and developing vanadium, cobalt, copper and nickel-focused mineral resource properties. Its current projects include a gold/cobalt venture in Hazelton, British Columbia and Quebec as well as two vanadium permits in Spain.

Primary Energy Metals shares popped by 8.7% to US$0.023 in over-the-counter morning trade Thursday.


Contact Ellen Kelleher at [email protected]

View full PRIM profile View Profile

Primary Energy Metals Inc. Timeline

Related Articles

Tin metal
December 06 2018
The company is aiming to scale-up production at Uis, once one of the world's leading tin mines, after a hiatus of more than 20 years
Carmel Sapphire
January 29 2019
The Israel-focused exploration firm says its main strategy is to focus on exploration targets that it deems to have the highest upside that can be brought to production at relatively low cost
Gold ingots
February 08 2019
The Brett gold property, which the company bought for $1.6 million in 2013, is a potential multi-million ounce system with multiple high grade targets.
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use