Fireweed Upgrades to Trade Shares on the OTCQX Best Market
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NEWS RELEASE
March 12, 2024 TSXV: FWZ
OTCQX: FWEDF
FSE: M0G
Fireweed Upgrades to Trade Shares on the OTCQX Best Market
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”)
(TSXV: FWZ; OTCQX: FWEDF ; FSE: M0G ) is pleased to announce its upgrade from the
OTCQB® Venture Market to the OTCQX® Best Market (“OTCQX”), a top-tier public market in the
United States. As of today, Fireweed's common shares are actively trading on OTCQX under the
trading symbol "FWEDF." This significant step underscores the C ompany's commitment to
accessibility for U.S. investors, aligning with the high standards set by OTCQX.
CEO Statement
Brandon Macdonald, CEO, stated “ Fireweed’s transition from OTCQB to OTCQX affirms the
quality of our Company and projects. By being on the OTCQX platform, we've broadened
accessibility to Fireweed shares, catering to a wider spectrum of investors. This is poised to
enhance our shareholder base both in the U.S. and globally, amplifying our overall liquidity.”
The OTCQX Market is designed for established, investor -focused U.S. and international
companies. To qualify for OTCQX, companies must meet high financial standards, follow best
practice corporate governance, and demonstrate compliance with applicable secur ities laws.
Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for
companies, enabling them to demonstrate their qualifications and build visibility among U.S.
investors.
About Fireweed Metals Corp. (TSXV: FWZ; OTCQ X: FWEDF; FSE:M0G): Fireweed is a public
mineral exploration company on the leading edge of Critical Minerals project development.
Fireweed is well-funded, with a healthy balance sheet, and has three projects located in Canada:
• Macpass Project (Zinc-Lead-Silver): Fireweed owns 100% of the district-scale 940
km2 Macmillan Pass (“Macpass”) Project in Yukon, Canada, which is host to one of
Earth’s largest undeveloped resources of zinc**, a Critical Mineral. The Tom and
Jason zinc-lead-silver deposits have current Mineral Resources 1 (11.21 Mt Indicated
Resource at 6.59% zinc, 2.48% lead, and 21.33 g/t silver; and 39.47 Mt Inferred
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Resource at 5.84% zinc, 3.14% lead, and 38.15 g/t silver) and a Preliminary Economic
Assessment2 (PEA). In addition, Boundary Zone, Tom North, Tom South, and End
Zone have significant zinc -lead-silver mineralization drilled but not yet classified as
mineral resources. The Project also includes large blocks of adjacent claims with
known showings and significant upside exploration potential.
• Mactung Project (Tungsten): Fireweed owns 100% interest in the 38 km2 Mactung
Project located adjacent to the Macpass Project. Recently announced Mineral
Resources for Mactung (41.5 Mt Indicated Resource at 0.73% WO 3 and 12.2 Mt
Inferred Resource at 0.59% WO3)3 make it the world’s largest high-grade resource of
the Critical Mineral tungsten**. Located in Canada, it is one of the rare large tungsten
resources outside of China**.
• Gayna Project (Zinc-Lead-Silver -Gallium-Germanium): Fireweed owns 100% of
the 129 km2 Gayna Project located 180 km north of the Macpass Project. It is host to
extensive mineralization including Critical Minerals zinc, gallium and germanium as
well as lead and silver, outlined by 28,000 m of historical drilling. A re-evaluation of the
geology supported by recent ground gravity geophysics results, soil surveys, and high-
grade rock samples, indicate drill targets with potential for high-grade Kipushi -style
massive sulphide mineralization.
Qualified Person Statement
Technical information in this news release has been approved by Fireweed’s CEO , Brandon
Macdonald, P.Geo. (BC), a ‘Qualified Person’ as defined under Canadian National Instrument
43‑101.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed
(OTCQX: FWEDF) trades on the OTCQX Best Market and is DTC eligible for enhanced electronic
clearing and settlement. Investors can find Real -Time quotes and market information for the
Company on www.otcmarkets.com. In Europe, Fireweed (FSE: M0G ) trades on the Frankfurt
Stock Exchange.
Additional information about Fireweed and its projects can be found on the Company’s website
at FireweedMetals.com and at www.sedarplus.com
About OTC Markets Group Inc.: OTC Markets Group Inc. (OTCQX: OTCM) operates regulated
markets for trading 12,000 U.S. and international securities. D ata-driven disclosure standards
form the foundation of three public markets: OTCQX® Best Market, OTCQB® Venture Market
and Pink® Open Market.
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dealers rely on to facilitate trading. O TC’s innovative model offers companies more efficient
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OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
ON BEHALF OF FIREWEED METALS CORP.
“Brandon Macdonald”
CEO & Director
Contact: Brandon Macdonald
Phone: (604) 646-8361
Email: [email protected]
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 release.
Cautionary Statements
Forward Looking Statements
This news release contains “forward-looking” statements and information (“forward-looking
statements”). All statements, other than statements of historical facts, included herein, including,
without limitation, statements relating to the potential of the Company’s projects, are forward
looking statements. Forward-looking statements are frequently, but not always, identified by
words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”,
and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or
“should” occur or be achieved. Forward-looking statements are based on the beliefs of Company
management, as well as assumptions made by and information currently available to Company
management and reflect the beliefs, opinions, and projections on the date the statements are
made. Forward-looking statements involve various risks and uncertainties and accordingly,
readers are advised not to place undue reliance on forward-looking statements. There can be no
assurance that such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company’s expectations include but are not
limited to, exploration and development risks, unanticipated reclamation expenses, expenditure
and financing requirements, general economic conditions, changes in financial markets, the ability
to properly and efficiently staff the Company’s operations, the sufficiency of working capital and
funding for continued operations, title matters, First Nations relations, operating hazards, political
and economic factors, competitive factors, metal prices, relationships with vendors and strategic
partners, governmental regulations and oversight, permitting, seasonality and weather,
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hnological change, industry practices, uncertainties involved in the interpretation of drilling
results and laboratory tests, and one-time events. The Company assumes no obligation to update
forward‑looking statements or beliefs, opinions, projections or other factors, except as required
by law.
Footnotes and References
** References to relative size and grade of the Mactung resources and Macpass resources in
comparison to other tungsten and zinc deposits elsewhere in the world, respectively, are based
on review of the Standard & Poor’s Global Market Intelligence Capital IQ database.
1: For details, see https://www.sedarplus.ca/ Fireweed Technical Report titled “NI 43-101
Technical Report on the Macmillan Pass Zinc-Lead-Silver Project, Watson Lake and Mayo Mining
Districts Yukon Territory, Canada” filed on https://www.sedarplus.ca/ on February 23, 2018, and
Fireweed News Release dated January 10, 2018. Leon McGarry, P.Geo., Senior Resource
Geologist for CSA Global Canada Geosciences Ltd. is independent of Fireweed Metals Corp. and
a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. McGarry is
responsible for the Macpass Mineral Resource Estimate.
2: For details, see https://www.sedarplus.ca/ Fireweed Technical Report titled “NI 43-101
Technical Report Macmillan Pass Project Yukon Territory Canada” filed on
https://www.sedarplus.ca/ on July 9, 2018, and Fireweed News Release dated May 23 , 2018.
This Technical Report includes a Preliminary Economic Analysis (PEA) disclosing an economic
analysis of mineral resources that is preliminary in nature and does not include any mineral
reserves. It is equally emphasized that the mineral resources disclosed within this Technical
Report are not mineral reserves and do not have demonstrated economic viability. Michael
Makarenko, P.Eng., Project Manager for JDS Energy and Mining, Inc., is independent of Fireweed
Metals Corp. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
Mr. Makarenko is responsible for the PEA results.
3: For details, see Fireweed news release dated June 13, 2023 “Fireweed Metals Announces
Mineral Resources for the Mactung Project: the Largest High-Grade Tungsten Deposit in the
World” and the technical report entitled “NI 43-101 Technical Report, Mactung Project, Yukon
Territory, Canada,” with effective date July 28, 2023 filed on https://www.sedarplus.ca/. Garth
Kirkham, P.Geo. is independent of Fireweed Metals Corp., and a ‘Qualified Person’ as defined
under Canadian National Instrument 43-101. Garth Kirkham, of Kirkham Geosystems Limited., is
responsible for the Mactung Mineral Resource Estimate.