July 6 marked Thistle Resources' OTCQB debut under ticker TRCGF, giving the Canadian explorer a new U.S. trading venue while its shares continue on the TSXV as TRCG.
The company said the OTCQB listing is aimed at boosting liquidity, valuation and U.S. investor access, and it has also applied for DTC eligibility to streamline electronic clearing and settlement in the United States.
A June 15 agreement with Independent Trading Group adds market-making support across the TSXV and other venues where the shares trade, with the goal of maintaining an orderly market and improving liquidity.
Under that deal, Thistle will pay ITG CAD$5,500 per month, renewable monthly after an initial one-month term; ITG receives no shares or options and disclosed no direct or indirect stake in the company.
Thistle is a Canadian mineral explorer focused on precious metals and critical minerals across five projects in New Brunswick's Bathurst Mining Camp and one gold project in Nova Scotia.