American Tungsten & Antimony (ASX:AT4) is streamlining its Nasdaq application with the appointment of Deutsche Bank as a depositary for the American depository receipt (ADR).
The company is currently progressing towards submitting a registration statement to list on the Nasdaq exchange in March 2026.
American Tungsten says Deutsche will act as a service provider for the company to achieve the necessary ADR outcomes required to list on the exchange.
US investors will acquire ADRs in the over-the-counter market before trading on Nasdaq after the listing is complete.
American Tungsten says in selecting Deutsche to assist as a depositary, it recognises the “strength of its core legal and financial depositary receipt team”.
Meanwhile, the company has appointed Graeme Morissey as CFO to meet its growth trajectory as it accelerates exploration programs and moves to become dual listed.
He previously served as the CFO of Warriedar Resources (ASX:WA8), playing a key role in the acquisition of Warriedar by Capricorn Metals (ASX:CMM)
Managing Director Andre Booyzen says the company is encouraged by the progression of its application to list on Nasdaq.
“In Q4 calendar year 2025, the company announced its intentions to extend the availability of securities in American Tungsten & Antimony to Nasdaq, recognising the US investors and US markets would take interest in exposure to its flagship Antimony Canyon Project and complimentary Tennessee Mountain Tungsten Project in Nevada, US,” Booyzen says.
“With the recent encouraging exploration results at Antimony Canyon and inaugural exploration activities initiated at Tennessee Mountain, the anticipated Nasdaq listing during Q2 calendar year 2026 is timely.”
American Tungsten & Antimony is focused on supplying antimony and tungsten required for the US’ critical minerals priorities.
Write to Maddison Elliott at Mining.com.au
Images: American Tungsten & Antimony
