New Energy Metals Announces Trading Symbol Change on the OTC Markets
Vancouver, British Columbia, May 15, 2023 – New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NRGYF) (“New Energy” or the “Company “) is pleased to announce that its trading symbol on the OTC Pink Open Market (the “OTC Pink”) has changed from “NEMCF” to “NRGYF”. The Company’s common shares (the Common Shares”) commenced trading on the OTC Pink under “NRGYF” on May 10, 2023.
The Company is also pleased to announce that it has made application to uplist the Common Shares from the OTC Pink to the OTCQB® Venture Market (the “OTCQB”). The Company believes that the uplisting to the OTCQB will provide enhanced investor benefits including higher reporting standards, greater access to analyst coverage and news services and more comprehensive compliance requirements. The listing of the Common Shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.
The OTCQB, operated by the OTC Markets Group Inc., is a premier and established marketplace for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their financial reporting and undergo an annual verification and management certification process. With more compliance and quality standards, the OTCQB provides a strong baseline of transparency to improve the information and trading experience for investors. The OTCQB is recognized by the U.S. Securities and Exchange Commission as an established public market providing public information for analysis and value of securities.
The Common Shares continue to trade under the symbol “ENRG” on the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS,
NEW ENERGY METALS CORP.
CEO & Director
610 – 700 West Pender Street
Vancouver, BC V6C 1G8 Canada
About New Energy Metals Corp.
New Energy is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol ENRG. The Company has an option to purchase a 100-per-cent interest in the Roslyn lithium property, covering 5,100 hectares located 20 kilometers southeast of the Georgia Lake pegmatite field and 35 kilometers southeast of where Rock Tech Lithium just published a preliminary economic assessment supporting the indicated mineral resource of 10.6 Mt (million tons) grading 0.88 per cent lithium oxide and an inferred mineral resource of 4.2 Mt grading 1.0 per cent Li2O. The Company also has an option to purchase a 100-per-cent interest in the Troitsa copper property covering approximately 7,000 hectares located in the Omineca mining division of British Columbia.
Cautionary Statement on Forward Looking Information
Certain statements made, and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “speculates”, “could” or “would”.
All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
Neither the TSX Venture Exchange 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.