Torr Metals Engages ICP Securities Inc. for Automated Market Making Services
TMX Newsfile·2026-02-23 14:30

Core Viewpoint - Torr Metals Inc. has engaged ICP Securities Inc. for automated market making services to enhance trading efficiency and liquidity for its shares as it progresses to Phase 2 drilling at the Kolos Copper-Gold Project [1][3] Group 1: Engagement Details - The agreement with ICP is for an initial term of four months starting February 23, 2026, with a monthly fee of C$7,500 plus applicable taxes [1] - The contract will automatically renew for additional one-month terms unless either party provides a 30-day written notice [1] - There are no performance factors or stock options associated with this agreement [1] Group 2: Market Making Purpose - ICP's market making activities aim to correct temporary imbalances in the supply and demand of Torr's shares [2] - ICP will bear the costs of buying and selling the shares, with no third-party funding involved [2] Group 3: Company Overview - Torr Metals focuses on copper and gold exploration in Canada, with significant projects including the 332 km² Kolos Copper-Gold Project and the 261 km² Filion Gold Project [5] - The Kolos Project is strategically located near the Highland Valley Copper Mine, while the Filion Project is situated in a virtually unexplored greenstone belt [5] Group 4: ICP Securities Overview - ICP Securities Inc. is a Toronto-based dealer-member specializing in automated market making and liquidity provision, established in 2023 [4] - The firm utilizes its proprietary algorithm, ICP Premium™, to enhance liquidity and quote health for public issuers and institutional investors [4]

Torr Metals Engages ICP Securities Inc. for Automated Market Making Services - Reportify