#Canada #Vancouver #Scottie Resources #ICP Securities #market making

Scottie Resources Partners with ICP Securities

On December 16, 2024, Scottie Resources Corp. announced a strategic partnership with ICP Securities Inc. to enhance its trading efficiency and market presence through automated market-making services. This collaboration will see the implementation of ICP's proprietary algorithm, known as ICP Premium™, which is designed to optimize the liquidity and trading conditions of Scottie's shares in compliance with TSX Venture Exchange guidelines.

A New Era for Trading

As part of the agreement, which began on December 12, 2024, Scottie Resources will compensate ICP with a monthly fee of CAD 7,500, plus applicable taxes. The initial term of the engagement is set for four months but includes an option for automatic renewal on a month-to-month basis, allowing for a flexible partnership that can adapt to market conditions. There are no performance-based stipulations attached to this agreement, indicating a straightforward service arrangement without the complexities of stock options or additional compensatory measures.

This move by Scottie Resources comes in light of the growing need for effective market-making strategies in a highly competitive landscape. With ICP taking charge of mitigating temporary supply and demand imbalances for Scottie’s shares, investors can expect a more robust trading experience that aims at stabilizing share prices and enhancing overall market activity.

About ICP Securities Inc.

Founded in 2023 and based in Toronto, ICP Securities specializes in automated market making and liquidity provision. This firm has quickly carved a niche for itself by leveraging advanced technology and innovative trading solutions to cater to a broad range of public issuers and institutional clients. Their ICP Premium™ algorithm stands out for enhancing liquidity and ensuring the efficiency of quotations in the often volatile market environment.

The engagement with Scottie Resources reflects ICP’s commitment to fostering stable trading conditions while yielding optimal results for their clients.

Scottie Resources' Commitment

Scottie Resources Corp. holds considerable assets in British Columbia's renowned Golden Triangle, owning approximately 58,500 hectares of mineral claims, including the historic Scottie Gold Mine and other promising projects. The company's primary objective focuses on expanding known mineralization areas while tapping into high-grade gold targets around previously producing mines.

This partnership with ICP Securities is aligned with Scottie's broader strategy to enhance its market position as it continues to advance its mineral exploration and extraction efforts. By addressing market dynamics proactively through partnerships, Scottie aims to add value for its investors and stakeholders while paving the way for future success in the mining sector.

Future Outlook

For Scottie Resources, engaging in prudent market-making services signifies the company’s forward-thinking approach and commitment to leverage modern trading solutions. Investors can anticipate not only improved liquidity but also greater transparency and accessibility in trading Scottie's shares. While the agreement focuses on enhancing market conditions, it also reflects Scottie's dedication to creating a sustainable and progressive trading environment that can withstand market fluctuations.

As Scottie moves forward with this partnership, the company’s leadership remains optimistic about the potential outcomes of its recent strategies and collaborations. They are primed for continued growth and are determined to optimize the resources and assets at their disposal, ensuring they are well-positioned in the mining industry for years to come.