Durango Resources Inc. [DGO-TSXV, ATOXF-OTCQB; 86A-FSE] said the company has been approved to commence trading on the OTCQB® Venture Market in the United States.
Durango began trading under the symbol “ATOXF” and was priced at US $0.057 on Tuesday, March 13, 2018. By comparison, the stock was unchanged at $0.075 on the TSX Venture Exchange. The 52-week range is 20 cents and $0.06.
Trading on the OTCQB requires that a company meet certain qualifications in order to be eligible. Among the criteria, companies must be current with their financial reporting, pass a minimum bid price test, and undergo an annual management certification and company verification process.
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. It has a 100% interest in the Mayner’s Fortune limestone property and the Golden Triangle properties in northwest British Columbia.
Its asset portfolio also includes the Decouverte and Trove & Windfall gold properties in Quebec, as well as lithium properties near the Whabouchi Mine in Quebec.
Other assets include the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan and Whitney Northwest gold property near Timmins, Ontario.
On March 2, 2018, the company announced that it has increased its land holdings around a newly identified cobalt prospect in northern Saskatchewan.
“With cobalt trading at 10-year highs, and end users such as Apple Inc. [APPL-NASDAQ] looking to potentially secure supply chains, Durango is enthusiastic about this new cobalt occurrence,” said Durango President and CEO Marcy Kiesman. “Durango expects to make further announcements concerning this cobalt occurrence as it becomes available,” Kiesman said.
BonTerra Resources Inc. [BTR-TSXV, BONXF-OTCQB] recently announced that it has entered into an option agreement with Durango allowing Bonterra to earn a 100% interest in Durango’s Trove Windfall Lake property, which is located in the Windfall-Urban Gold Camp district in northern Quebec.
The Trove property is a direct extension of the south west mineralized trend that BonTerra is currently exploring on its Gladiator gold deposit and Coliseum gold property. The BonTerra team is experienced and very familiar with the type of geology hosted by the Trove property, BonTerra said. The Gladiator Project consists of three properties, including West Arena, East Arena, and Coliseum. All are located close to each other.
On February 27, 2018, Durango said the renewal for the Trove property is now being processed with the Ministry of Energy & Natural Resources.