
The mineral explorer moves to the OTCQX Best Market, giving U.S. investors access to Level 2 quotes. The company is drilling 191 holes at its Flat Gold Project in Alaska.
Tectonic Metals Inc. (TSX-V: TECT; OTCQX: TETOF) began trading on the OTCQX Best Market on Friday, upgrading from the OTCQB Venture Market. The company qualified after meeting higher financial standards and corporate governance requirements, OTC Markets Group Inc. (OTCQX: OTCM) said.
The listing gives U.S. investors access to Real-Time Level 2 quotes and current financial disclosure on the OTC Markets platform. The market operator described the tier as designed for established, investor-focused companies.
Tony Reda, Co-Founder, President and CEO of Tectonic, called the OTCQX a major milestone that expands the company’s reach across North American capital markets. He pointed to the completion of a C$92 million financing in March 2026 as the key catalyst. “With five rigs now turning at our Flat Gold Project in Alaska as part of our largest-ever drill program, we are well positioned to broaden our U.S. investor base and increase market awareness at a pivotal stage in the Company’s growth,” Reda said in a statement.
The Flat Gold Project in southwestern Alaska covers 99,840 acres, most of it owned by Doyon Ltd., an Alaska Native Regional Corporation that is one of Tectonic’s largest shareholders. The current focus is the Chicken Mountain target, one of six intrusion zones at the project. Drilling has achieved a 100% success rate across 191 holes, the company said.
Tectonic’s leadership team was involved in Kaminak Gold Corporation, which raised C$165 million to advance the Coffee Gold Project through a bankable feasibility study. Goldcorp Inc. bought the project for C$520 million in 2016.
The OTCQX upgrade does not change the company’s operational risks. Exploration-stage miners depend on drilling results and capital markets. The C$92 million financing gives Tectonic a longer runway than most junior explorers. The share price will depend on assay results from the ongoing drill program at Flat Gold, with results expected in the coming months.
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