Ark Mines (ASX:AHK) has received approval to trade its shares on the OTCQB Venture Market in the US under ticker AHKMF.
The OTCQB Venture Market is a specialist investment platform for early-stage and developing US and international companies. It is recognised as an established public market by the Securities and Exchange Commission.
Ark Mines says the listing follows a recent US investor roadshow, in which the company observed strong interest among US investors for critical minerals and magnet metals.
The listing will provide Ark with potential access to new sources of capital and increased liquidity to support the ongoing development of the company’s Sandy Mitchell Rare Earths Project in North Queensland.
Executive Director Ben Emery says listing on the OTCQB will improve access for US-based investors to trade Ark’s shares.
“Strategically, it aligns well with investment groups and commercial partners in the US that Ark has already held discussions with,” Emery says.
“We anticipate that dual trading on the OTCQB will help diversify our shareholder base and broaden exposure to a wider pool of investors, while allowing the company to benefit from the increased depth and liquidity of US capital markets as we transition the Sandy Mitchell Project from exploration to development.”
The Sandy Mitchell Project is considered prospective for light and heavy rare earths including dysprosium, terbium, thulium, and yttrium.
Ark Mines is a mineral explorer focused on its four projects in Northern Queensland. These projects are called Sandy Mitchell, Gunnawarra, Mt Jesse, and Pluton.
Write to Aaliyah Rogan at Mining.com.au
Images: Ark Mines
