Fitzroy Minerals Inc. announced that its common shares have qualified to trade on the OTCQX Best Market in the United States, representing an upgrade from the OTCQB Venture Market. The company's shares began trading on OTCQX under the symbol "FTZFF," with U.S. investors able to access current financial disclosure and Real-Time Level 2 quotes through www.otcmarkets.com.
Campbell Smyth, Chairman of Fitzroy, stated that the graduation improves the company's visibility to U.S. investors, increases liquidity, and highlights its commitment to creating long-term value for shareholders. This development coincides with the company's advancement of the Buen Retiro and Caballos Copper Projects in Chile.
The OTCQX Market is designed for established, investor-focused U.S. and international companies that meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating from the OTCQB Market to OTCQX represents a significant milestone for companies seeking to demonstrate their qualifications and build visibility among U.S. investors.
Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the Americas. The company's property portfolio includes the Buen Retiro Copper Project near Copiapó, Chile, the Caballos Copper and Polimet Gold-Copper-Silver projects in Valparaiso, Chile, the Taquetren Gold Project in Rio Negro, Argentina, and the Caribou Project in British Columbia, Canada. The company's shares continue to trade on the TSX Venture Exchange under the symbol FTZ.
This market upgrade has implications for both the company and the mining investment landscape. For Fitzroy Minerals, the OTCQX listing provides enhanced credibility and access to a broader pool of U.S. institutional and retail investors, potentially improving capital formation opportunities. The increased visibility could support the company's exploration and development activities across its portfolio of projects in Chile, Argentina, and Canada.
For the mining industry, Fitzroy's graduation to OTCQX demonstrates the continued importance of U.S. capital markets for international resource companies. The move reflects growing investor interest in copper projects amid global demand for electrification and renewable energy infrastructure. Companies achieving OTCQX status typically benefit from improved trading liquidity and analyst coverage, which can contribute to more accurate market valuation.
The timing of this announcement coincides with Fitzroy's focus on its Chilean copper projects, positioning the company to potentially capitalize on favorable market conditions for copper development. Investors seeking exposure to copper exploration and development in South America may find the enhanced U.S. market access through OTCQX provides more convenient trading opportunities and improved transparency.
For more information about the company, investors can visit www.fitzroyminerals.com.
