The list includes both international and US companies traded on the market and is formulated by weighting a company's total return and average daily dollar volume growth throughout 2023.
"The move to the OTCQX Market is a crucial step in our ongoing development to foster increased confidence among current and prospective investors," said Geoff Hampson, executive chairman.
"Frontera's ratings and outlook reflect its small and concentrated production profile and weak proved developed producing reserve life of 2.6 years as of year-end 2022," stated Fitch.
Frontera board chair Gabriel de Alba called the discovery another positive development for the company's "potentially transformational investments in Guyana."
The entry fee will cost Canadians 256,000 Colombian pesos and is being imposed in line with the international norm of "reciprocity," according to Migration Colombia.
"It is a busy and exciting time for the company with five drill rigs now operating at site,” said Ari Sussman, executive chairman at Collective Mining.