Plateau Uranium Announces Commencement of Trading on the OTCQB Market
TORONTO, ONTARIO--(Marketwired - Sept. 28, 2017) - Plateau Uranium Inc. ("Plateau Uranium"
or the "Company") (TSX VENTURE:PLU) (OTCQB:PLUUF) (FRANKFURT:QG1), the uranium and lithium development company,
is pleased to announce that it has received notification that its common shares have been approved for trading on the OTCQB
Market in the United States, with trading commencing at the opening on Friday, September 29, 2017 under the ticker symbol
"PLUUF". The OTCQB Market is a venture marketplace for early stage and developing companies operated by OTC Markets Group Inc.
The Company's common shares will continue to trade on the TSX Venture Exchange.
The listing facilitates trading in Plateau Uranium common shares for U.S. investors and in U.S. dollars and recognizes the
importance of our U.S.-based stakeholders as we advance the Company's Peruvian uranium-lithium projects.
Ted O'Connor, CEO of Plateau Uranium stated: "This listing was undertaken to better serve the needs of our
growing U.S. investor base, and is another step in the long-term development of the Company.
The U.S. currently has the world's largest existing nuclear fleet requiring 50 M lbs U3O8 annually, yet
imports over 90% of its required uranium. The current U.S. Energy administration has highlighted its focus on energy security,
electrical grid stability, reducing greenhouse gas emissions and air pollution and has highlighted nuclear energy as an important
part of the current and future energy mix for the country. This bodes well for companies like Plateau Uranium, that anticipates
significant uranium production from a stable, mining-friendly jurisdiction in the Americas. Our plans to have production on-line
in the early 2020's time frame can feed a U.S. and Global nuclear energy market that is growing at a faster pace than at any time
in the past 20 years.
Global battery production will see extensive growth in the coming years from both electrified vehicles and energy grid storage
requirements. This is exactly why we are working towards unlocking value from lithium co-production from our uranium projects
with lowest quartile uranium production cost potential. The OTCQB listing will allow increased U.S. investor participation in
Plateau Uranium's future growth".
Ian Stalker, Chairman, commented: "Vehicle electrification plans and forecasts not only show substantial
growth for battery metals like lithium, but also highlights the need for growth in low carbon electricity generation, which is an
optimistic time for investors in these sectors. With Plateau Uranium, both exciting sectors converge and we are pleased to
provide U.S. investors the ability to more easily participate in Plateau Uranium's bright future as a uranium and lithium
producer."
About Plateau Uranium
Plateau Uranium Inc. is a Canadian uranium-lithium exploration and development company focused on its properties on the
Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru, significant and growing
lithium resources and mineral concessions covering over 91,000 hectares (910 km2) situated near significant
infrastructure. Plateau Uranium is listed on the TSX Venture Exchange under the symbol 'PLU', quoted on OTCQB under the symbol
"PLUUF" and on the Frankfurt Exchange under the symbol 'QG1'. The Company has 58,043,354 shares outstanding.
Forward Looking Information
This news release includes certain forward-looking statements concerning possible future mining and production.
Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate",
"intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions
and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions,
risks and uncertainties, including risks and uncertainties relating to the geology, grade and continuity of mineral
deposits; the possibility that any future exploration, development or mining results will not be consistent with our
expectations; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes
(including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development;
the potential for delays in exploration or development activities; risks related to commodity price and foreign exchange rate
fluctuations; risks related to foreign operations; the cyclical nature of the industry in which we operate; risks related to
failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals;
risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration;
risks related to the certainty of title to our properties; risks related to the uncertain global economic environment; and other
risks and uncertainties related to our prospects, properties and business strategy, as described in more detail in Plateau
Uranium's recent securities filings available at www.sedar.com. Actual events
or results may differ materially from those projected in the forward-looking statements and Plateau Uranium cautions against
placing undue reliance thereon. Neither Plateau Uranium nor its management assume any obligation to revise or update these
forward-looking statements.
For more information please visit www.plateauuranium.com.
Neither 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.