Awale Resources has qualified to trade on the OTCQX Best Market and reported high-grade gold hits at the Charger zone, including 16.4 g/t gold over 52 meters. The company has also extended the Fremen target footprint by 5 km and confirmed new gold mineralization on its 100%-owned ground. Additionally, Awale Resources received CAD 8.27 million in funding from Fortuna Mining Corp.
Awale Resources Limited (TSXV: ARIC, OTCQX: AWLRF) has successfully commenced trading on the OTCQX Best Market, a significant milestone for the company's U.S. market visibility and investor accessibility [1]. This move follows the company's announcement of high-grade gold hits at the Charger zone, including a notable intersection of 16.4 g/t gold over 52 meters [2]. Additionally, Awale Resources has extended the Fremen target footprint by 5 km and confirmed new gold mineralization on its 100%-owned ground, further bolstering its exploration portfolio.
The company's CEO, Andrew Chubb, commented on the significance of this development, stating, "Our commencement of trading on the OTCQX is an important step in expanding Awalé's investor base and increasing access to U.S. capital markets. This platform enhances visibility as we continue to build momentum at our Odienné Project in Côte d'Ivoire, where multiple discoveries are positioning us for potential district-scale success. We look forward to engaging with a broader audience of U.S. and global investors as we unlock further value through exploration."
Awale Resources has also received CAD 8.27 million in funding from Fortuna Mining Corp., which will support its ongoing exploration activities and further development of its mineral projects. The company's Odienné Project, located in Côte d'Ivoire, is underexplored and has multiple pipeline prospects with substantial upside potential. The project covers 2,346 km² across seven permits and is managed by a skilled and well-seasoned technical team [1].
The OTCQX listing is expected to enhance Awalé's visibility and accessibility to U.S. investors, given the stringent financial standards and best practice corporate governance requirements for companies trading on this platform [1]. The company's public documents can be accessed at www.sedarplus.com, and further information can be found on the company's website at www.awaleresources.com.
References:
[1] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2483-tsx-venture/aric/184521-awale-commences-trading-on-the-otcqx-market-in-the-united-states.html
[2] https://www.stocktitan.net/news/OMGGF/omai-gold-drills-17-36-g-t-au-over-7-5m-capped-2-64-g-t-au-over-41-ugog41aw806i.html
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