Mexus Gold & Silver (MXSG) has chosen to voluntarily delist from the OTCQB fully reporting company status. The company plans to resume trading in February as an OTC public traded Pink Sheets Corporation. Mexus has signed a non-binding letter of intent with Tierra Nueva Minera, a Mexican mining company, to potentially develop its Santa Elena gold property.
Mexus Gold & Silver (MXSG) has made the strategic decision to voluntarily delist from the OTCQB fully reporting company status. This move, prompted by legal counsel from Mexus, is intended to facilitate a transition to the OTC public traded Pink Sheets Corporation, with trading expected to resume in February under the same symbol, MXSG.
The company has signed a non-binding Letter of Intent with Tierra Nueva Minera, a Mexican mining company, marking a significant step towards unlocking the potential of Mexus Santa Elena gold property. Tierra Nueva Minera's CEO, Mr. Miguel Barahona, brings extensive experience and expertise that Mexus believes will be instrumental in transforming Santa Elena into a major gold producer. A decision from Tierra Nueva Minera is anticipated by February 2025. Mr. Thompson, CEO of Mexus, expresses confidence in the existence of a gold reserve exceeding one million ounces at the Santa Elena property, a belief shared by other qualified geologists. The company's updated permits, coupled with the favorable current gold price, create a timely window for drilling and potential gold production. The permits themselves add substantial value to the Santa Elena Gold Project. Upon securing the necessary funds for drilling, Mexus intends to commission a current SK-1300 resource report from a reputable third-party mining engineering company based in the United States. This report, once finalized, may prompt Mexus to re-establish its reporting company status and seek an uplisting to the OTCQB. \The company emphasizes that forward-looking statements contained in this press release are subject to inherent risks and uncertainties. Factors such as the successful development of new products, future capital needs, market demand for those products, actions by partners, competitive pressures, economic fluctuations, and regulatory changes could impact actual results, which may differ materially from those projected. Mexus disclaims any obligation to update such statements
Mining Gold Copper Delisting OTCQB Pink Sheets Tierra Nueva Minera Santa Elena Gold Property Mexus Gold & Silver
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