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American Salars Lithium Announces OTC Ticker Symbol Changed to “USLIF” And DTC Eligibility
VANCOUVER, BC, Aug. 07, 2024 (GLOBE NEWSWIRE) -- AMERICAN SALARS LITHIUM INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY
About this update from American Salars Lithium Inc.
[{"type":"text","content":" VANCOUVER, BC, Aug. 07, 2024 (GLOBE NEWSWIRE) -- AMERICAN SALARS LITHIUM INC. (\"AMERICAN SALARS\" OR THE \"COMPANY\") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) announces that its common shares will commence trading under the symbol “USLIF” effective today August 7th, 2024, on the OTC Markets, a US trading platform that is operated by the OTC Markets Group in New York. The Company's common shares will continue to trade on its primary market, the Canadian Stock Exchange (\"CSE\") under the symbol \"USLI\" as well as on the Frankfurt Stock Exchange (“Frankfurt”) under the symbol “Z3P”. In addition, the Company is pleased to announce that it has received DTC eligibility by The Depository Trust Company (\"DTC\"), a subsidiary of the Depository Trust & Clearing Corporation (\"DTCC\"). Securities that are eligible to be electronically cleared and settled through the DTC are considered \"DTC eligible.\" This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers reducing transactional costs for participating brokerage firms, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. DTC provides depository and book entry services, along with a settlement system for equities in the United States and across the globe. The organization is a member of the U.S. Federal Reserve System and a registered clearing agency with the U.S. Securities and Exchange Commission. In addition, major U.S. stock exchanges, including Nasdaq and NYSE, require DTC eligibility to be listed on the respective exchanges. American Salars CEO & Director R. Nick Horsley states, “The new OTC Markets listing, combined with our DTC eligibility will provide added liquidity and a larger base of potential shareholders for American Salars. We are actively engaged in M&A for strategic opportunities and holds a strong belief in the recovery of the lithium commodity price. The current Lithium Carbonate price is attractive for brine projects and a real challenge for our hard rock competitors.” The Company’s global lithium portfolio consists of two advanced lithium resources in Argentina and our advancing USA lithium asset in Nevada. About Pocitos 1 Lithium Deposit – Salta, Ar...