07:38 AM EDT, 03/15/2024 (MT Newswires) -- Almaden Minerals Ltd. ( AAU ) overnight Thursday announced that it will voluntarily delist from the NYSE American exchange.

As previously announced, Almaden is not in compliance with the continued listing standards of the NYSE American exchange as its securities have been selling for a low price per share for a substantial period of time which NYSE American determines to be a 30-trading-day average price of less than US$0.20 per share. Almaden's continued listing on the NYSE American exchange is predicated on it demonstrating sustained price improvement within a reasonable period of time which has determined to be no later than April 19, 2024.

Although Almaden has requested consultations with Mexico under the CPTPP, to date Mexico has not proposed a date for these consultations. Almaden intends to seek a listing on the OTCQB Marketplace in parallel with its de-listing from the NYSE American exchange to ensure a continued U.S. trading platform for its U.S. shareholders.

Almaden provided notice of the voluntary delisting to the NYSE American on March 14, 2024. It is anticipated that the delisting will become effective at the end of business on or about April 4. Almaden has made an application to the OTCQB and expects that its common shares will be quoted on the OTCQB on the next trading day without interruption.