sur The Market Herald (CVE:SXL)
SLAM Exploration Gains DTC Eligibility, Enhancing US Share Trading
SLAM Exploration Ltd., a Canadian resource company, announced its shares are now eligible for electronic clearing and settlement in the U.S. via the Depository Trust Company (DTC). This move is anticipated to streamline trading and increase liquidity for SLAM’s shares on the OTCQB® Venture Market under the symbol SXLXF. DTC, managing electronic settlements, accelerates stock and cash receipt, thus expanding brokerage compliance.
CEO Michael Taylor views DTC eligibility as a crucial step to boost visibility and access in the U.S. market. This is aligned with SLAM’s strategy to advance its New Brunswick gold and critical minerals portfolio, including projects like the Goodwin Copper Nickel Cobalt and Moose Lake Antimony.
SLAM's portfolio saw significant developments with drilling and exploration activities, showcasing promising gold values at Jake Lee and expanding soil coverage at Menneval. The company echoes long-term plans for drilling and exploration in light of these advancements.
R. E.
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