Business
Brookmount Gold Announces Plans for Uplisting on Senior Exchange during Investor Call
Brookmount Gold Announces Plans for Uplisting on Senior Exchange during Investor Call.
About this update from Brookmount Explorations, Inc.
[{"type":"text","content":"\n NEW YORK, March 07, 2023 (GLOBE NEWSWIRE) -- Brookmount Gold (Brookmount Explorations, Inc.) (OTC: BMXI) (BMXI.US) announced during its investor call today, March 7th, 2023, that it is taking significant steps to prepare for uplisting on a senior exchange such as NYSE or Nasdaq.  This move is in line with the Company's long-term goal of improving liquidity, expanding its investor base, and enhancing shareholder value. The Company's management team is working closely with its advisors to meet the exchange's listing requirements and is optimistic about achieving this significant milestone soon. Additionally, during the call, Nils Ollquist, Executive Director and CEO of Brookmount Gold, discussed the company's strong financial performance in 2022 and its positive outlook for 2023. The company reported a revenue of $16.35 million, a 16.2% increase over the previous fiscal year, and a net income of $7.49 million, a 12.8% increase over the latest period. The company's assets have also grown to $30.5 million, a 39.1% increase over the last year. \"We are pleased to report strong financial results for 2022,\" said Nils Ollquist, CEO of Brookmount Gold. \"Our continued focus on exploration and development has allowed us to increase our revenue and net income, and we are excited about the growth opportunities ahead of us.\" During the call, Ollquist also highlighted the recent agreement to acquire of a 75% interest in the Tocantins project, a gold mining operation in Brazil, and the appointment of three new Executive Directors as part of the binding agreement to acquire the Brazilian Asset. Ollquist emphasized the company's commitment to creating value for its shareholders and its confidence in its ability to execute its strategic objectives in 2023 and beyond. \"We are committed to creating value for our shareholders and are confident in our ability to execute on our strategic objectives in 2023 and beyond,\" said Ollquist. \"We look forward to continuing to grow our business and delivering strong financial results for our investors.\" Brookmount Gold remains committed to providing transparent and timely financial information to its investors and encourages investors and stakeholders to review the financial calendar and stay informed about the company's financial performance. A replay of the call is available on the investor rela...