Toronto, Ontario – November 4th, 2022- Metal Energy Corp. (the "Company" or "Metal Energy") (TSXV: MERG, OTCQB: MEEEF) is pleased to announce that it has qualified for trading on the OTCQB Venture market in the United States under the symbol “MEEEF”. The company profile can be viewed here. Metal Energy’s common shares will continue to trade on the TSX Venture Exchange (the “TSXV”) under the symbol “MERG”.
“This is a big day for the company, expanding our investor outreach and developing a broader shareholder base within the United States. Nickel demand is forecast to continue growing in the United States with battery demand for electric vehicles and renewable energy storage solutions. We continue advancing our flagship Manibridge project as we believe it has the size and scope to be recognized by the American investment community during this commodity supercycle. Our current 10,000-metre drill program is following-up a nickel mineralization envelope in which all 6 drill holes from a 2,300 m winter drill program intersected Ni-Cu-Co mineralization, including 0.92% Ni eq. over 32.95 m at 150.45 m in drill hole MNB004 (see news release August 3, 2022), comments James Sykes, CEO of Metal Energy.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. The Company’s listing on the TSXV and the trading of its shares on the OTCQB contribute to a larger North American presence and afford investors preeminent access to trading.
About Metal Energy Corp.
Metal Energy is a well-funded nickel and battery metal exploration company with two projects, Manibridge and Strange, in the politically stable jurisdictions of Manitoba and Ontario, Canada, respectively. Both projects are subject to earn-in agreements where the Company can acquire 100% exploration rights to approximately 16,200 hectares.
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For further information, please contact:
Metal Energy Corp.
MERG on the TSXV
James Sykes, CEO
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including details about the business of the Company. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com including the Filing Statement dated November 15, 2021. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.