EDM Initiates OTCQB Market Preparation to Expand U.s. Investor Access
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NEWS RELEASE MARCH 2, 2026
EDM INITIATES OTCQB MARKET PREPARATION TO EXPAND U.S. INVESTOR ACCESS
Halifax, Nova Scotia, March 2, 2026 – EDM Resources Inc. (TSX-V: EDM; FSE: P3Z) (“EDM” or the “Company”) is
pleased to announce that it has commenced preparations to list its common shares on the OTCQB® Venture Market in the
United States.
The President and CEO, Mr. Mark Haywood, stated: “Expanding EDM’s trading platform into the United States is a strategic
step forward. A U.S. quotation will broaden investor access, enhance liquidity, and increase our visibility within the North
American capital markets. As we advance permitting at the Scotia Mine and expand exploration activities, strengthening
access to U.S. investors supports our long-term objective of unlocking shareholder value.”
OTCQB MARKET PREPARATION
The Company has engaged OTC Advisory Services Inc. to assist with the application process for admission to the OTCQB
market. Services include preparation of required OTC Markets documentation, coordination of Form 211 filing with a
FINRA-registered market maker, sponsorship requirements, and assistance in obtaining DTC eligibility following FINRA
clearance.
The OTCQB market is a U.S. trading platform operated by OTC Markets Group Inc. and is designed for entrepreneurial and
development-stage companies that are current in their reporting and meet ongoing financial and corporate governance
standards.
Advantages of an OTCQB Listing
An OTCQB quotation is intended to provide several strategic benefits to EDM:
• Enhanced U.S. Investor Access: Allows U.S.-based retail and institutional investors to trade EDM shares in U.S. dollars
through U.S. brokerage platforms.
• Improved Liquidity: Facilitates broader cross-border trading participation alongside EDM’s TSX Venture Exchange listing.
• Increased Visibility: Expands EDM’s exposure to U.S. mining-focused investors, analysts, and capital markets participants.
• Streamlined Settlement: Following FINRA Form 211 clearance and DTC eligibility, U.S. shares would be eligible for
electronic clearing and settlement.
• Strengthened Capital Markets Positioning: Establishes a dual-market presence in Canada and the United States as the
Company advances toward development milestones at the Scotia Mine.
The OTCQB process requires submission of corporate, financial, and governance documentation and confirmation that the
Company meets international reporting standards. The Company will provide further updates as milestones in the OTCQB
application process are achieved.
There can be no assurance that the Company’s application will be approved or that a quotation will be obtained.
Other Corporate Matters
Pursuant to the Company’s Stock Option Plan and subject to the approval of the TSX Venture Exchange, the Board of
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Directors has granted an aggregate of 1,000,000 stock options to certain members of Management. The options are
exercisable at a price of C$0.30 per common share and expire on February 26, 2031. The options were granted as follows:
600,000 to Mr. Mark Haywood, President and Chief Executive Officer; 200,000 to Mr. Arnab De, Chief Financial Officer;
and 200,000 to Mr. Manish Grigo, a consultant providing corporate development services to the Company. The options vest
in accordance with the terms of the Company’s Stock Option Plan and the policies of the TSX Venture Exchange.
The Company has issued an aggregate of 1,962,546 common shares (the “Payment Shares”) to Novus Merchant Partners
Inc. (“Novus”) in payment for consulting services provided to the Company. The Payment Shares were issued in the
following amounts and at the following prices for services provided during the periods indicated:
• Three-month period ended May 9, 2024: 166,667 Payment Shares at $0.18 per share ($30,000)
• Three-month period ended August 9, 2024: 230,769 Payment Shares at $0.13 per share ($30,000)
• Three-month period ended November 9, 2024: 230,769 Payment Shares at $0.13 per share ($30,000)
• Three-month period ended February 9, 2025: 230,769 Payment Shares at $0.13 per share ($30,000)
• Three-month period ended May 9, 2025: 428,571 Payment Shares at $0.07 per share ($30,000)
• Three-month period ended August 9, 2025: 375,000 Payment Shares at $0.08 per share ($30,000)
• Three-month period ended November 9, 2025: 300,000 Payment Shares at $0.10 per share ($30,000)
The services were provided pursuant to a consulting agreement (the “Consulting Agreement”) dated February 10, 2024 as
amended, between the Company and Novus, which is at arm’s length to the Company. Under the Consulting Agreement,
Novus acts as a non-exclusive financial and strategic advisor to the Company, providing corporate finance and operational
support and project financing, capital markets, mergers and acquisitions and public company advice. The Consulting
Agreement originally provided for the paymen t to Novus of a monthly advisory fee of $20,000, of which $10,000 was
payable in cash, and $10,000 accrued for three-month periods, but this was amended on October 1, 2024 to $10,000 per
month payable only in shares. The Payment Shares will be subject to a four -month plus one day hold from their date of
issuance ending on July 3, 2026.
About EDM Resources Inc.
EDM is a Canadian exploration and mining company that has a 100% interest in the Scotia Mine and related facilities near
Halifax, Nova Scotia. Through its wholly owned subsidiary, EDM also holds several prospective exploration licenses near
its Scotia Mine and in the surrounding regions of Nova Scotia.
The Company’s common shares are traded on the TSX Venture Exchange under the symbol “EDM” and the
Frankfurt Exchange under the symbol “P3Z”. For more information, please contact:
Mark Haywood President & Chief Executive Officer
Arnab De Chief Financial Officer
Manish Grigo Corporate Development
Telephone +1 (902) 482 4481
Facsimile +1 (902) 422 2388
Email [email protected]
The Company’s corporate filings and technical reports can be viewed on the Company’s SEDAR+ profile at
www.sedarplus.ca.
Further information on EDM is also available on the Company’s website and social media channels as follows:
Internet at www.EDMresources.com
Facebook at http://www.facebook.com/EDMresources.inc
X at http://www.x.com/EDMresources
LinkedIn at http://www.linkedin.com/company/EDMresources
YouTube at https://youtube.com/@edmresources?si=Bvyighil3mSoOKnD
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CAUTIONARY STATEMENTS
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release may contain forward-looking statements, including plans, objectives, estimates, and expectations
regarding EDM Resources Inc.’s future activities. Such statements are identified by words like “believes,” “expects,”
“plans,” “estimates,” “may,” “could,” or similar terms. Forward-looking statements are subject to risks, uncertainties, and
assumptions that could cause actual results to differ materially from those anticipated. These include, but are not limited
to, mineral resource estimates, exploration and development results, project timing, market conditions, commodity prices,
financing, and operational risks. For a discussion of risk factors, please refer to EDM’s Management Discussion and
Analysis for the year ended December 31, 2024. EDM does not guarantee the accuracy of forward-looking statements
and readers should not place undue reliance on them.