EDM Resources prepares to list shares on OTCQB

Executive Summary

• EDM Resources Inc. has commenced preparations to list its common shares on the OTCQB Venture Market in the United States to enhance investor access and liquidity, engaging OTC Advisory Services Inc. to assist with the application process.
• The Board of Directors granted 1,000,000 stock options to management and consultants, exercisable at $0.30 per share and expiring in 2031.
• The company issued 1,962,546 common shares to Novus Merchant Partners Inc. in payment for consulting services, reflecting a change in the advisory fee structure from cash/share hybrid to 100% share-based payments.

Key Details

• OTCQB Market Preparation:

  • Company engaged OTC Advisory Services Inc. to assist with admission to the OTCQB market.
  • Services include preparation of OTC Markets documentation, coordination of Form 211 filing with a FINRA-registered market maker, sponsorship requirements, and assistance in obtaining DTC eligibility.
  • Benefits cited include enhanced U.S. investor access, improved liquidity, increased visibility, streamlined settlement, and strengthened capital markets positioning.
  • No assurance is provided that the application will be approved.

• Stock Option Grants:

  • Total options granted: 1,000,000.
  • Exercise price: $0.30 per common share.
  • Expiration date: February 26, 2031.
  • Recipients:
    • Mark Haywood (President and CEO): 600,000 options.
    • Arnab De (CFO): 200,000 options.
    • Manish Grigo (Consultant): 200,000 options.
  • Vesting follows the company's stock option plan and TSX Venture Exchange policies.

• Share Issuance for Consulting Services:

  • Total shares issued to Novus Merchant Partners Inc.: 1,962,546 common shares.
  • Purpose: Payment for consulting services provided under an agreement dated February 10, 2024 (as amended).
  • Novus acts as a non-exclusive financial and strategic adviser.
  • Payment Schedule and Terms:
    • Period ended May 9, 2024: 166,667 shares at $0.18/share ($30,000 value).
    • Period ended Aug 9, 2024: 230,769 shares at $0.13/share ($30,000 value).
    • Period ended Nov 9, 2024: 230,769 shares at $0.13/share ($30,000 value).
    • Period ended Feb 9, 2025: 230,769 shares at $0.13/share ($30,000 value).
    • Period ended May 9, 2025: 428,571 shares at $0.07/share ($30,000 value).
    • Period ended Aug 9, 2025: 375,000 shares at $0.08/share ($30,000 value).
    • Period ended Nov 9, 2025: 300,000 shares at $0.10/share ($30,000 value).
  • Agreement Amendment: Effective October 1, 2024, the monthly advisory fee was amended from $20,000 (half cash, half accrued shares) to $10,000 per month payable entirely in shares.
  • Hold Period: Payment shares are subject to a four-month-plus-one-day hold, ending on July 3, 2026.

Notable Quotes

• "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." — Mark Haywood, President and CEO