VANCOUVER, British Columbia, August 9, 2021 (GLOBE NEWSWIRE) – Ameriwest Lithium Inc. (“Ameriwest” wave “Company”) (CSE: AWLI) (OTC: AMRWF) (FSE: 5HV0), a North American lithium exploration and development company, is pleased to announce that its list of US-based OTC markets under the symbol “AMRWF” has received approval from the Depository Trust Company (“DTC”) to make the Company’s common shares eligible to be electronically cleared and settled (“DTC Eligibility”).
DTC is a subsidiary of the Depository Trust and Clearing Corporation, a United States company that manages the electronic clearing and settlement of publicly traded companies. DTC Eligibility incorporates an electronic securities clearing method that accelerates the receipt of shares and cash and therefore speeds up the settlement process for certain investors. DTC is a member of the US Federal Reserve System, a limited purpose trust company under New York State banking law and a registered clearing agency with the US Securities and Exchange Commission.
In addition to being listed in the United States, Ameriwest Lithium common shares continue to trade on the Canadian Stock Exchange (CSE) under AWLI and the German Börse Frankfurt Stock Exchange (FSE) under 5HV0.
David Watkinson, Ameriwest President and CEO, says, “Today’s news is an important milestone in expanding our market presence in the United States. DTC eligibility allows current and potential Ameriwest shareholders a reliable, profitable and timely method of clearing and liquidating our common shares. Fundamentally, today’s news positions Ameriwest to build our engagement with current and future investors across the continent. “
On behalf of the Board of Directors
President and CEO
For more information contact:
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AMRWF) (FSE: 5HV0)
Ameriwest Lithium Inc. is a Canadian-based exploration company focused on identifying strategic lithium mineral resource projects for exploration and development. The Company is currently focused on exploring the Deer Musk East property, located in prolific Clayton Valley, Nevada, with a total of 5,600 acres, and the Railroad Valley property, with a total of 6,200 acres. Additionally, Ameriwest’s current portfolio of resources includes Project ESN, located in White Pine County, Nevada, and the Koster Dam property, located in British Columbia’s Clinton Mining Division, in which Ameriwest has a 45-interest interest. %. For more information visit: https://ameriwestlithium.com/¸ Facebook,
Twitter, or LinkedIn.
Caution Regarding Forward-Looking Information
Certain statements in this press release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will be”, “intend”, “should” and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes in the Company’s strategic growth plans and others. factors. many of which are beyond the control of the company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but these expectations cannot be guaranteed to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this press release represents the expectations of the Company as of the date hereof and is subject to change after that date. The Company rejects any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities law.
The Canadian Stock Exchange has in no way overridden the merits of the matters referred to and has neither approved nor disapproved of the content of this press release..