Great Western Mining (AIM:GWMO) has secured approval to trade its shares on the OTCQB Market in the US under the ticker code GWMOF.
The dual listing will provide enhanced access to trading for US-based investors, as well as greater liquidity through a broader pool of potential investors globally.
By trading on the OTCQB, Great Western can engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the UK and Ireland, but through US-facing platforms and portals.
Chairman Brian Hall says trading on the OTCQB broadens the company’s reach within the North American investment community and enables a wider pool of investors to participate in its progress as it works towards establishing a domestic source of tungsten and copper.
“With a high-impact drilling campaign set to commence next month at our tungsten project in Nevada, we are entering what we believe will be a highly significant phase in the company’s development and one that has the potential to generate substantial value as we advance our assets towards development,” Hall says.
“Our projects are located in Nevada, one of the world’s premier mining jurisdictions, and we look forward to engaging with a broader audience of US investors as we progress our exploration programs and continue advancing our vision of becoming a meaningful domestic tungsten and copper producer.”
The OTCQB is a mid-tier market operated by the OTC Markets Group for early-stage and developing US and international companies. To be eligible for the OTCQB, companies must be current with their financial reporting, meet a minimum bid price test, and undergo annual company verification and management certification.
Great Western Mining is an explorer and developer focused on strategic minerals across several wholly owned claim groups in Nevada, US.
Write to Aaliyah Rogan at Mining.com.au
Images: Great Western Mining
