- New Stock Ticker Symbol: QCCU will become XXIX on the TSXV as of market open on December 11, 2024.
Toronto, Ontario--(Newsfile Corp. - December 11, 2024) - XXIX Metal Corp. (TSXV: XXIX) (OTCQB: QCCUF) ("XXIX" or the "Company") is pleased to announced that effective today the Company's common shares ("Common Shares") will officially begin trading on the TSX Venture Exchange as "XXIX Metal Corp." and its stock ticker symbol will change from "QCCU" to "XXIX".
"With the acquisition and rebranding now complete, we are excited to move forward as XXIX, and continue to develop both Opemiska and Thierry, enhancing their scale and establishing the Company as one of Eastern Canada's largest copper developers with a multi-billion-pound resource portfolio," said Stephen Stewart, CEO of XXIX.
No action is required by XXIX shareholders in connection with this ticker symbol change. In connection with the name change, the following new CUSIP 901320101 and ISIN CA9013201012 numbers have been assigned to the Common Shares. The ticker symbol change is in relation to the company rebranding as XXIX Metal Corp., reflecting its recent acquisition of Cuprum Corp. and its Thierry copper project, located in Pickle Lake, Ontario.
Link to XXIX's Corporate Presentation
About XXIX Metal Corp.
XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets. The Opemiska Project, Canada's highest-grade copper resource, spans 13,000 hectares in Quebec's Chapais-Chibougamau region, with strong infrastructure and nearby access to the Horne Smelter. A January 2024 resource update reported a 16% increase in contained Copper Equivalent (CuEq) and a 10% grade boost, including 87.3 million tonnes at 0.93% CuEq (Measured & Indicated) and additional Out of Pit resources. The Thierry Project hosts two past-producing open pits that transitioned to underground mining-producing 5.8Mt @ 1.13% Cu, 0.14% Ni between 1976 - 1982 by UMEX Inc. Historically, copper concentrate was shipped to the Horne Smelter in Rouyn-Noranda, QC. Significant infrastructure is already in place, with the Thierry property being accessible via all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail. With these two high-potential projects, the Company has solidified its position as a key player in the Canadian copper sector, and has established itself as one of Eastern Canada's largest copper developer.
Forward-Looking Statements
This news release contains forward-looking statements. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this news release include, but are not limited to, statements pertaining to the commencement of trading of the Common Shares on the TSXV under the new name and new stock ticker. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this news release. The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this news release. The Company does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.
Neither the 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 news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233325
