Makenita Resources Receives Full DTC Eligibility for USA Trading
May 21, 2025 3:01 AM EDT | Source: Makenita Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - Makenita Resources Inc. (CSE: KENY) (OTC Pink: KENYF) (WKN: A40X6P) is pleased to announce that it has received full DTC (Depository Trust Company) eligibility for its U.S. trading symbol KENYF. This achievement marks an important step forward in increasing the Company's visibility and accessibility to U.S.-based investors.
DTC eligibility allows shares of Makenita to be electronically cleared and settled through the Depository Trust Company, the largest securities depository in the United States. With this status, KENYF can now be traded more efficiently by U.S. brokers, online trading platforms, and institutional investors, significantly reducing settlement risks and administrative delays. This also enables full electronic trading, clearing, and settlement in the U.S., making the stock more accessible and easier to trade for retail and institutional investors alike.
In addition, the Company has applied for a drill permit to begin its maiden drilling program at the Hector Silver/Cobalt Property in Ontario. Drilling is expected to commence in the coming weeks, pending final regulatory approval.
Jason Gigliotti, President of Makenita Resources, stated:
"Receiving DTC eligibility is a major milestone for Makenita, as it allows for broader access to U.S. investors and significantly improves the efficiency of trading our stock in the United States. With this in place, we're now positioned to launch a much more effective and targeted U.S. marketing program that will coincide with the start of our upcoming drill campaign. Combined with our tight share structure and strong underlying commodity fundamentals, we believe this creates a compelling setup to attract new shareholders across multiple key markets."
About Makenita Resources Inc. Makenita holds the Hector Silver/Cobalt Property, covering 126 unpatented mineral claims across 2,243 hectares in the Larder Lake Mining Division, Timiskaming District, Ontario. Located in a mineral-rich region, the project offers significant exploration potential.
Why Makenita Stands Out With rising silver prices and a focused exploration strategy, Makenita is poised for growth. Its small float and high-potential project make it an attractive opportunity for investors seeking exposure to silver and cobalt.
Contact Information:
Makenita Resources Inc.
"Jason Gigliotti"
Jason Gigliotti
President, Chief Executive Officer and Director
The CSE has neither approved nor disapproved of the contents of this press release.
Forward-Looking Statements
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Makenita. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Makenita disclaims any intention or obligation to update or revise such information, except as required by applicable law.
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