Mayfair Gold Begins NYSE American Trading Under Symbol 'MINE'

Introduction

Mayfair Gold Corp. has officially begun trading on the NYSE American with the ticker symbol 'MINE', marking a significant milestone for the company focused on enhancing its visibility in the U.S. capital markets. This strategic shift reflects Mayfair's ongoing commitment to advancing the Fenn-Gib gold project, a major site in the Timmins gold district of Ontario, Canada.

Uplisting to NYSE American

The uplisting process follows Mayfair's recent approvals and is designed to broaden its shareholder base, particularly among U.S. investors. The company also remains listed on the TSX Venture Exchange under the symbol 'MFG'. Investors who previously held shares on the OTCQX market are advised to monitor their accounts to ensure their holdings are accurately reflected under the new ticker.

Nick Campbell, the company's CEO, described the trading commencement on NYSE American as a vital achievement, emphasizing that the 'MINE' ticker not only suits the company's focus but symbolizes its ambitious journey towards establishing a new Canadian gold mining entity.

Fenn-Gib Gold Project

The Fenn-Gib project underlies Mayfair's development strategy, with the company's recent pre-feasibility study highlighting robust financial projections. The report suggests that Fenn-Gib has the potential to evolve into a prominent gold producer in Canada, requiring approximately C$450 million for initial development. Notably, the project is expected to generate significant cumulative free cash flow, estimated at around $896 million over the first six years of production, which is a compelling entry point for new investors.

Future Outlook

Looking ahead, the company is actively engaged in obtaining the necessary permits and is in the midst of detailed engineering and stakeholder discussions. The goal is to commence construction by 2028, with first gold production expected in 2030. Such timelines are indicative of the company's assertive approach to meet production goals while adhering to sustainable mining principles.

Importance of this Announcement

This momentous news not only resonates with existing shareholders but also serves to attract a new class of investors interested in the gold sector. With gold prices projected to remain strong, and given the strategic significance of the Fenn-Gib project, Mayfair is positioned to harness a burgeoning market in the years ahead.

Conclusion

In summary, Mayfair Gold's entry into the NYSE American under the 'MINE' ticker is a testament to the company's ambitious growth trajectory and commitment to developing its premier gold project. As the company prepares for the next phase of its development journey, all eyes will be on Fenn-Gib as it captures the interest of both U.S. and Canadian investors alike. Mayfair Gold is certainly on a path to becoming a reputable player in the gold mining sector.

Cautionary Note

It's important for stakeholders to note that this announcement contains forward-looking information, which may be influenced by market conditions and other factors that could affect the outcomes mentioned herein. Shareholders and potential investors are urged to remain informed and consider associated risks.