Novo Resources: A New Chapter on the OTCQB

Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) has announced a significant shift in its U.S. trading platform, transitioning from the OTCQX to the OTCQB market. This move, effective immediately, reflects the company's evolving strategic priorities and commitment to enhancing its market presence in the U.S. and beyond.

The OTCQB, a premium tier of the OTC Markets Group, offers increased visibility, higher compliance standards, and greater trading efficiency. This change will provide a more efficient and cost-effective platform for both Novo's shareholders and potential investors, as stated by Executive Co-Chairman Michael Spreadborough. "We are pleased to make this transition to the OTCQB, which is better suited to our current growth stage and offers a more efficient, cost-effective platform for both our shareholders and potential investors," said Spreadborough.



The OTCQB's higher compliance standards and increased visibility will benefit Novo Resources' U.S. investor engagement by providing a more efficient and cost-effective platform. This transition aligns better with the company's current growth stage and will help enhance its market presence in the U.S. and beyond, ultimately supporting its goal of creating long-term value for stakeholders.



Novo Resources' commitment to advancing gold exploration in Western Australia remains steadfast, and this change will help enhance its market presence in the U.S. and beyond. The company continues to trade on the TSX and ASX under the symbol NVO, maintaining its primary listings while expanding its reach in the U.S. market.

In conclusion, Novo Resources' transition to the OTCQB market is a strategic move that will enhance its liquidity, trading efficiency, and market presence in the U.S. By offering increased visibility, higher compliance standards, and greater trading efficiency, the OTCQB will provide a more cost-effective platform for both Novo's shareholders and potential investors. This change aligns with the company's strategic priorities and growth plans, ultimately supporting its goal of creating long-term value for stakeholders.

As an investor, keeping an eye on Novo Resources' progress on the OTCQB market can provide valuable insights into the company's growth trajectory and potential opportunities in the gold exploration sector.