Upside Gold Corp. announced that its common shares have begun trading on the OTCQB Venture Market in the United States under the symbol UGODF. The company's shares will continue to trade on the Canadian Securities Exchange under the symbol UG and on the Frankfurt Stock Exchange under the symbol 47I. This move represents a strategic step for the Canadian gold-copper exploration company as it seeks to expand its investor base and improve market liquidity.
According to Sophy Cesar, Chief Executive Officer of Upside Gold, the OTCQB listing broadens the company's exposure to U.S. investors and represents an important step in building a more diversified shareholder base. Improved trading accessibility and liquidity are key as the company continues to advance its Kena Gold-Copper Project and communicate the scale of the opportunity. Access to U.S. capital markets is increasingly important for growth-stage exploration companies and allows Upside Gold to engage a broader audience as it executes on its growth strategy.
The OTCQB Venture Market is designed for early stage and developing U.S. and international companies. Investors can find real-time quotes and market information for the company on www.otcmarkets.com. This platform provides increased visibility and trading opportunities for companies seeking to expand their reach beyond their domestic markets.
Upside Gold Corp. is focused on advancing the Kena Gold-Copper Project through systematic exploration and drilling programs. The project is located in southeastern British Columbia, approximately 7 kilometres southwest of Nelson, and consists of 198 mineral claims covering 10,114.8 hectares, together with 11 crown grants covering approximately 92 hectares. The company has entered into an option agreement to acquire a 100% interest in this significant mineral property.
The Kena 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.
It is important to note that 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 for investment decisions.
For business and technology leaders monitoring capital market developments, Upside Gold's OTCQB listing demonstrates how exploration companies are leveraging multiple trading platforms to access diverse investor pools. This strategy reflects broader trends in resource sector financing, where companies seek to optimize their capital market presence across different jurisdictions. The move to OTCQB provides U.S. investors with easier access to Upside Gold's shares, potentially increasing trading volume and market awareness as the company advances its exploration programs.
The listing comes at a time when access to U.S. capital markets has become increasingly important for growth-stage exploration companies seeking to fund ambitious development projects. By expanding its trading presence to include the OTCQB Venture Market, Upside Gold positions itself to better capitalize on investor interest in precious metals exploration while maintaining its existing listings on Canadian and European exchanges. This multi-market approach could serve as a model for other resource companies looking to diversify their investor base and enhance liquidity in competitive capital markets.
