Mr. Michael England reports
ROCKLAND RESOURCES BEGINS LISTING PROCESS FOR OTCQB EXCHANGE
Rockland Resources Ltd. has begun the listing process to have its shares posted for trading on the OTCQB Venture Market, operated by the OTC Markets Inc.
"Adding quotations on the OTCQB is anticipated to increase exposure and accessibility in the United States," commented Mike England, chief executive officer of Rockland. "Given Rockland's focus on beryllium, gallium and rubidium in the Spor Mountain area of Utah, our goal in cross-listing the company's securities is to expand our shareholder base and liquidity while making the shares more accessible to investors globally."
OTCQB Venture Market
The OTCQB Venture Market provides an established platform for early-stage and growth companies to enhance their visibility in the U.S. market. Companies listed on OTCQB must meet rigorous reporting standards, undergo annual verification and comply with management certification requirements, providing investors with a trusted market for trading. The company's shares will also be eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC).
Depository Trust Company
DTC eligibility reduces costs and accelerates the settlement process for investors and brokers in the U.S., allowing the shares to be traded more easily across a wider range of U.S. brokerage firms by fulfilling their compliance requirements.
Rockland Resources recently announced (see news release dated Dec. 17, 2024), with regard to concerns on the recent ban of gallium from China, that it is pleased to report the widespread anomalous gallium (Ga) values (up to 39.3 parts per million (ppm) Ga) and rubidium (Rb) values (up to 1,420 ppm Rb) from its Beryllium Butte project, located in Juab county, Utah.
Uses of beryllium: Beryllium is primarily used in aerospace technologies: aircraft structures, rockets, optical systems, nuclear industry and military applications, including missiles, gyroscopes, telescopes, scientific instrumentation, and medical devices.
Uses of gallium: Gallium is primarily used in the production of brilliant mirrors and in liquid thermometers. In the form of gallium arsenide (GaAs), this compound is used to produce LEDs (light-emitting diodes) for numerous devices, such as smart phones and calculators, because it has the ability to convert electricity directly to light.
Uses of rubidium: Rubidium is used in vacuum tubes as a getter, a material that combines with and removes trace gases from vacuum tubes. It is also used in the manufacture of photo cells and in special glasses. Since it is easily ionized, it is used as a propellant in ion engines on spacecraft.
Rockland chief executive officer Mike England states, "With certain rare earths and critical metals hitting all-time highs, Rockland Resources is positioned extremely well within the Utah basin and Range province for success due to the demand and recent news from China, and the ban of these exports globally."
Qualified person
Rockland's disclosure of a technical or scientific nature in this news release has been reviewed and approved by David Taff, PGeo, who serves as a qualified person under the definition of National Instrument 43-101.
About Rockland Resources Ltd.
Exploring for tomorrow's technology, Rockland Resources is advancing critical metals exploration, specializing in beryllium and lithium at its strategically located Beryllium Butte project in the Spor Mountain
region of Utah.
We seek Safe Harbor.
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