Mr. Esen Boldkhuu reports
URANIUMX ANNOUNCES DTC ELIGIBILITY FOR U.S. TRADED SHARES
UraniumX Discovery Corp.'s common shares, traded on the OTCQB Venture Market under the symbol STMXF, are eligible for electronic clearing and settlement through the Depository Trust Company in the United States.
DTC eligibility simplifies the process of trading and settling the company's shares for U.S. investors. With DTC eligibility, shares of UraniumX can be electronically cleared and settled through U.S. broker dealers, eliminating the need for physical share certificates and reducing settlement times. This enhancement is expected to increase the accessibility of UraniumX's shares for a broader base of U.S. institutional and retail investors.
Esen Boldkhuu, chief executive officer of UraniumX, commented: "DTC eligibility is an important step in making UraniumX accessible to the growing base of U.S. investors seeking exposure to Canadian uranium exploration. As we continue to advance our Murphy Lake drill program in the Athabasca basin and build a multiasset uranium platform, DTC eligibility removes a key barrier for American investors looking to participate in the UraniumX story."
About DTC eligibility
The Depository Trust Company is a subsidiary of the Depository Trust & Clearing Corp., and provides clearing, settlement and information services for equities, corporate and municipal bond trades, and money market instruments traded in the United States. DTC eligibility allows securities to be deposited and held at DTC, facilitating the electronic transfer of shares between brokerage accounts without the need for physical movement of certificates. Most major U.S. broker dealers require DTC eligibility as a condition for holding and trading securities.
About UraniumX Discovery Corp.
UraniumX is a Canadian-based junior uranium exploration company focused on advancing uranium properties in Saskatchewan's Athabasca basin, one of Canada's most active uranium districts. The company's flagship Murphy Lake uranium property is located in the northeastern Athabasca basin, where UraniumX is earning an up-to-70-per-cent interest through an option agreement with F4 Uranium Corp. UraniumX additionally holds 100-per-cent interests in the Zoo Bay and NeoCore uranium properties, and maintains a portfolio approach to uranium exploration across Canada's premier mining jurisdictions.
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