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VANCOUVER, British Columbia, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) announces that it has transitioned its trading platform from the OTCQX to the OTCQB market in the United States.
Effective immediately, Novo Resources will now trade on the OTCQB under the ticker symbol NSRPF. This transition reflects the company's evolving strategic priorities while continuing to provide an opportunity for increased engagement with the U.S. investment community while maintaining access to a highly respected U.S. trading platform.
"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 Mr. Michael Spreadborough, Executive Co-Chairman of Novo Resources. "Our commitment to advancing gold exploration in Western Australia remains steadfast, and this change will help enhance our market presence in the U.S. and beyond, ultimately supporting our goal of creating long-term value for stakeholders."
The OTCQB is a premium tier of the OTC Markets Group, offering increased visibility, higher compliance standards, and greater trading efficiency. Despite the change, Novo Resources remains committed to transparency, regular communication with investors, and providing operational updates.
Novo Resources continues to trade on the TSX under the symbol NVO and on the ASX under the symbol NVO.
Authorised for release by the Board of Directors.
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ABOUT NOVO
Novo is an Australian based gold explorer listed on the ASX and the TSX focused on discovering standalone gold projects with > 1 Moz development potential. Novo is an innovative gold explorer with a significant land package covering approximately 5,500 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia.
Novo’s key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration expenditure of A$25 million within 4 years for a 50% interest. The Becher Project has similar geological characteristics as De Grey’s 12.7 Moz Hemi Project1. Novo is also advancing gold exploration at Nunyerry North, part of the Croydon JV (Novo 70%: Creasy Group 30%), where 2023 exploration drilling identified significant gold mineralisation. Novo continues to undertake early-stage exploration across its Pilbara tenement portfolio.