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TORONTO, November 16, 2023–(BUSINESS WIRE)–Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it begins trading on the OTCQX today. . U. S. Markets The U. S. government uses the “SMTSF” symbol.
Ernesto Balarezo, Chief Executive Officer of Sierra Metals, commented, “Qualifying for the OTCQX market is a vital step in our efforts to build visibility and accessibility for our current and potential U. S. and foreign shareholders. Sierra is well placed for mining expansion in Peru and Mexico, and we intend to add a physically strong investor relations program to our OTCQX directory.
Sierra Metals continues to trade the symbol “SMT” on the Toronto Stock Exchange.
Dentons US LLP acted as the OTCQX sponsor of the company.
U. S. investors can check the company’s existing monetary data and real-time Level 2 quotes on www. otcmarkets. com.
The upgrade to the OTCQX market is a major milestone for Sierra Metals and other companies looking to offer smooth trading to their U. S. investors. For companies indexed in a qualified foreign currency, simplified market criteria allow them to use their domestic market reports to make their data available in the United States. To be eligible for the OTCQX, corporations will have to meet the highest monetary criteria, adhere to the most productive corporate governance practices, and demonstrate compliance with the applicable criteria.
About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX:OTCM) operates regulated markets for the trading of 12,000 U. S. and foreign securities. OTC data-driven disclosure criteria form the basis of 3 public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market. OTC Link® Alternative Trading Systems (ATS) provide essential market infrastructure that broker-dealers depend on to facilitate trading. OTC Markets’ cutting-edge style provides businesses with more efficient access to the US financial markets. OTC Link ATS, OTC Link ECN and OTC Link NQB are an SEC-regulated ATS operated through OTC Link LLC, a FINRA and SEC registered broker-dealer, member of SIPC. To get more fit, make a stop at www. otcmarketplaces. com.
About Sierra MetalsSierra Metals is a Canadian mining company focused on copper production with additional credits from basic and valuable steel by-products at its Yauricocha mine in Peru and the Bolivar mine in Mexico. The company intends to safely increase production volume and mineral accumulation. Resources. Sierra Metals has recently made several key new discoveries and still has many more exciting exploration opportunities in brownfield areas in Peru and Mexico, in close proximity to existing mines. In addition, the Company owns extensive land in its mines with several prospective regional targets that provide long-term exploration prospective and mineral resource expansion prospect.
Forward-Looking StatementsThis press release reflects the meaning of Canadian securities legislation. Prospective nonconformity relates to long-term events or expected configuration of Sierra Metals and reflects management’s expectations or ideals related to such long-term events and expected configuration based on an assumed set of economic situations and action plans. adding precision to the Company’s existing outlook. Mineral resource estimates. Establish that the Company’s activities will be carried out in accordance with the Company’s public statements and stated objectives, and that there will be no adverse adjustments affecting the Company, its households or its production estimates, expected value trends of minerals, inflation and the exchange rate. rates, that all required approvals will be received for the Company’s business operations on appropriate terms and that there will be no interruptions in curtains affecting the Company’s operations. In certain cases, statements containing forward-looking information may be known by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”. , “anticipates”, “believes” or diversifications of such words, expressions or statements that certain actions, occasions or effects “possibly”, “could”, “could”, “could” or “will be taken”, “occur” or “ reached” or the negative form of those words or comparable terminology. Forward-looking statements include statements relating to investor relations programs. By their very nature, forward-looking information addresses known and unknown risks, uncertainties and other matters that could possibly cause Sierra Metals’ actual configuration to be materially different from any expected configuration expressed or implied by such configuration.
Forward-looking data is subject to a variety of hazards and uncertainties, which may cause actual occasions or effects to differ from those reflected in forward-looking data, including, but not limited to, hazards described under the heading “Risk Factors. “in the Company’s Annual Information Form dated March 28, 2023 for its fiscal year ended December 31, 2022 and other known perils in the documents filed through the Company with the securities regulatory authorities of Canada, the documents of which are in www. sedarplus. ca.
The threat points discussed above are not an exhaustive list of points that would possibly affect the Company’s forward-looking data. Forward-looking data includes statements about the long term and are inherently uncertain, and the Company’s actual achievements or other long-term occasions or situations may differ materially from those reflected in the forward-looking data as a result of various threats, uncertainties and other points. The Company’s forward-looking statements are based on management’s ideals, expectations and ideals as of the date the statements are made. , and the Company assumes no legal responsibility to update such forward-looking data if instances or management’s ideals, expectations or reviews merit change, except to the extent required by applicable law. For the reasons stated above, undue reliance does not merit a focus on forward-looking data.
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Contacts
For more facts about Sierra Metals, visit www. sierrametals. com or contact:
Sierra Metals Investor Relations Inc. 1 (416) 366-7777info@sierrametals. com