LEXI Upgraded to OTCQB Venture Market in the United States
BusinessWire
8:01 AM ET
Lithium Energi Exploration, Inc. (TSXV: LEXI) (OTCQB:
LXENF), a leading exploration company focused on the
acquisition, exploration, and development of lithium brine
assets in Argentina, is pleased to announce its approval for
trading on the OTCQB Venture Market in the United States,
effective October 31, 2023.
Within a
short period, LEXI has demonstrated significant operational
aptitude, particularly in the rollout of its lithium
exploration and drilling programs. This progress has
garnered attention and interest from various stakeholders,
affirming the Company's position as a key player in the
lithium sector.
The upgrade to the OTCQB
Venture Market will enable LEXI to tap into the U.S. capital
markets more efficiently. This transition is aligned with
the Company's strategic objectives and will provide an
avenue for increased liquidity and trading transparency,
thereby attracting a diversified range of U.S. investors.
"Given the innovative approaches we've
employed in our lithium extraction technologies and the
strategic importance of our assets, we've garnered
significant investor interest in Canada," said Ali Rahman,
CEO of Lithium Energi Exploration Inc. "Our transition to
the OTCQB Venture Market is a calculated move to offer
enhanced accessibility and liquidity to private and
institutional investors in the United States."
Lithium is an essential element in the
transition to renewable energy, particularly in energy
storage and the production of electric vehicles. From 2018
through May 2023, approximately $10.9 billion were invested
in lithium assets in Argentina, making it one of the
fastest-growing markets in the Lithium Triangle, a region
that contains approximately 56% of global lithium resources.
As the demand for these batteries continues to skyrocket,
LEXI is strategically positioned to capitalize on this
expanding market.
About Lithium Energi
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