OTC Markets Group Welcomes eCobalt to OTCQX
NEW YORK, Dec. 5, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced eCobalt Solutions Inc. (TSX: ECS; Frankfurt: ECO; OTCQX: ECSIF), a provider of ethically sourced, environmentally sound and transparently supplied battery grade cobalt, essential for the rapidly-growing rechargeable battery and renewable energy sectors, has qualified to trade on the OTCQX® Best Market. eCobalt upgraded to OTCQX from the OTCQB® Venture Market.
eCobalt begins trading today on OTCQX under the symbol "ECSIF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Congratulations to eCobalt on graduating from our OTCQB Venture Market to trade on our OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "eCobalt joins the growing number of Canadian companies choosing to cross-trade their shares in the U.S. on OTCQX, leveraging the market to efficiently distribute news and information to the U.S. market and providing easier access for U.S. investors to trade their shares."
"We are very pleased to begin trading on OTCQX which will provide us with additional exposure to both institutional and retail U.S. investors, stated Paul Farquharson, President & CEO of eCobalt. He continued, "A recently completed feasibility study on our advanced flagship project, the Idaho Cobalt Project, has laid the path forward for project optimization, near term construction and production of environmentally sound cobalt products produced responsibly in the United States. Cobalt is a critical component in rechargeable batteries utilized in the rapidly growing electric vehicle sector."
eCobalt was sponsored for OTCQX by Scarsdale Equities LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About eCobalt Solutions Inc.
eCobalt is committed to providing a unique opportunity for consumers to acquire ethically sourced, environmentally sound, transparently supplied cobalt products, essential for the rapidly growing rechargeable battery and renewable energy sectors, produced responsibly in the United States. The company is dedicated to the principles of environmentally sound mining and refining practices. Through its wholly owned subsidiaries it has interests in base and precious metals and uranium projects in Canada, United States and Mexico. The Company's primary asset, is the 100% owned, fully NEPA permitted Idaho Cobalt Project (ICP). It is the only primary cobalt deposit in the United States. The ICP is comprised of the mine and mill near Salmon, Idaho and the proposed cobalt production facility for refining ICP mine concentrate in Blackfoot, Idaho. The ICP mine site is now fundamentally prepared to commence underground development contingent on successful conclusion of mine financing.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.
