RE:RE:Now that the big houses loaded up yesterday on the downsideI made reasearch on TSX main listing requirements, revenue and production aren't criteria for this.
FL could be eligible for TSX listing within 1-1,5 year. May be they will proceed directly to NASDAQ (I.e. Sigma Lithium).
Find out listing requirements for TSX:
Mineral Exploration or Development-Stage Companies
• an advanced-stage exploration property,detailed in a report by an independent qualified person2. TSX will generally consider a property to be sufficiently advanced if continuity of mineralization is demonstrated in three dimensions with economically interesting grades
• a planned program of exploration and/or development, of at least C$750,000 that will sufficiently advance the property and is recommended by an independent qualified person2. TSX will consider companies undertaking a program of at least C$500,000 on a qualifying property, if total planned program expenditures are at least C$750,000
• sufficient funds to complete the
planned program of exploration and/or development on the company’s properties, cover estimated general and administrative costs, anticipated property payments
and capital expenditures for at least
18 months. The applicant must supply
a management-prepared 18-month projection (by quarter) of sources and uses of funds signed by the Chief Financial Officer
• working capital of at least C$2 million and an appropriate capital structure. Companies with working capital of less than
C$2 million may be eligible, if the company’s minimum work program
will be funded by a substantial
industry partner
• net tangible assets3 of C$3 million