Vancouver-based exploration and development company, Nova Pacific Metals Corp., has announced that it has qualified for trading on the OTCQB Venture Market in the United States. The Company’s common shares began trading on the OTCQB under the symbol ‘NVPCF’ on July 12, 2024. Nova Pacific’s common shares will continue to trade on the Canadian Securities Exchange under the symbol ‘NVPC’.
Nova Pacific CEO, J. Malcolm Bell, expressed delight at the company’s initiation of trading on the OTCQB, stating that the U.S. market has shown significant interest in companies involved in critical and precious metal exploration. Bell believes that Nova Pacific’s presence on the OTCQB will enhance the company’s visibility and reach, providing an opportunity to connect with a wider investor base.
The OTCQB Venture Market, operated by the OTC Markets Group Inc., offers transparent trading in entrepreneurial and development stage companies in the U.S. and internationally. To be eligible for trading on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. The OTCQB quality standards ensure transparency and provide technology and regulation to improve the information and trading experience for investors.
In addition to qualifying for trading on the OTCQB, Nova Pacific granted 210,000 incentive stock options to certain directors. These options vest immediately and can be exercised into common shares of the company at a price of $0.25 per share for a period of five years. The stock options are governed by the terms of Nova Pacific’s stock option plan.
Nova Pacific is a Canadian exploration and development company focused on pursuing projects with significant discoveries that provide a viable pathway to development. The company’s key projects include the Deer Musk West Lithium project in Clayton Valley, Nevada, and the recently acquired Lara Project on Vancouver Island, British Columbia. Nova Pacific intends to continue its exploration and development efforts on its mineral projects with the goal of maximizing shareholder value.
For more information about Nova Pacific Metals Corp., please visit their website at www.novapacificmetals.com.