Purepoint Uranium - CEO, Chris Frostad.
CEO, Chris Frostad.
Source: Purepoint Uranium.
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  • Purepoint Uranium (PTU) has been approved and the company’s shares are now eligible for settlement through the Depository Trust Company (DTC)
  • The DTC manages the electronic clearing and settlement of publicly-traded companies in the United States
  • The company hopes eligibility will increase its liquidity and expand its presence in the United States
  • The Toronto company operates two joint ventures and 10 wholly-owned uranium properties in the Athabasca Basin
  • Purepoint Uranium is unchanged, trading at $0.12 at 11:03 a.m. EST

Purepoint Uranium (PTU) has been approved and the company’s shares are now eligible for settlement through the Depository Trust Company (DTC).

The DTC is a subsidiary of the Depository Trust & Clearing Corp.

The DTC manages the electronic clearing and settlement of publicly-traded companies in the United States.

“This eligibility will simplify the electronic settlement for US based investors and enhance the ability of these investors to participate in the company’s progress as uranium prices rapidly move towards incentive levels,” said Purepoint President and CEO, Chris Frostad.

“This access helps increase the liquidity of our shares and expand our presence in the US capital markets.”

The Toronto-based resource exploration company is continuing to actively operate an exploration pipeline of 12 advanced projects in the Athabasca Basin.

The company currently operates a pair of joint ventures as well as 10, 100-percent-owned projects with proven uranium-rich targets.

Purepoint Uranium is unchanged, trading at $0.12 at 11:03 a.m. EST.

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