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Foremost Lithium Announces Application to List on Upstream – A Next Generation Exchange
VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Forem
About this update from Foremost Clean Energy Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, today announced that it has submitted an application to list its shares on Upstream, a revolutionary securities trading app designed to eliminate barriers for international investment into North America while not competing with other exchanges domestically, such as Nasdaq and the Canadian Securities Exchange (“the CSE”). Upstream was designed to provide companies like Foremost the channel to access an international, digital-first investor base that trade using USDC digital currency along with credit, debit, PayPal, and USD which could unlock liquidity and enhance price discovery. The planned uplisting is expected to enhance Foremost’s global investment exposure and potential investment opportunities. Foremost’s current shareholders and its listings on Nasdaq and CSE will not be affected upon a successful listing to Upstream. “We believe that our application with Upstream will help Foremost potentially maximize liquidity and enhance price discovery for potential shareholders, providing reach to a new international base of investors,” said Jason Barnard, President & CEO of Foremost Lithium. “Upstream is a fully regulated global trading app with an audience of investors who are not bound by geography or currency parameters, typically in regions where investing into a U.S. or Canadian-listed security can be an arduous process for international transactions. Upstream will act as an excellent vehicle to reach an untapped international market of potential new shareholders.” Approval to be listed on Upstream is subject to acceptance by MERJ. However, as an existing Nasdaq issuer, Foremost may be eligible for an expedited listing process. Existing non-U.S. and Canadian shareholders and investors outside North American markets may prepare for the potential listing by downloading Upstream from their preferred app store at https://upstream.exchange/, creating an account by tapping sign up, and completing a simple KYC identity verification. Note, U.S. or Canadian persons may not deposit, buy, or sell securities on Upstream. About Upstream Upstream, a MERJ Exchange market (https://merj.exchange/), ...