OTC Markets Group Welcomes Erdene Resource Development Corp. to OTCQX

Core Insights - Erdene Resource Development Corp. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, which signifies an important milestone for the company [1][3]. Company Overview - Erdene Resource Development Corp. is a Canadian-based resource company focused on gold production at the Bayan Khundii Gold Mine in Mongolia, which is characterized as high-grade and low-cost [4]. - The company is also involved in the exploration and development of precious metals and mineral deposits in Mongolia, with key projects including Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar [4]. - The Bayan Khundii and Altan Nar projects are located within the Tian-Shan copper-gold belt in southwest Mongolia, while the Zuun Mod project is situated within 200 kilometers of China's border [4]. Market Context - The OTCQX Market is designed for established, investor-focused companies that meet high financial standards and adhere to best practice corporate governance [3]. - Graduating to the OTCQX Market allows companies like Erdene to enhance visibility among U.S. investors and broaden their shareholder base [3][4].