HyTerra (ASX:HYT) has engaged US-based Viriathus Capital as part of the group’s strategy to list shares on the OTCQB Venture Market in the US.
The hydrogen and helium resources company says an OTCQB quotation is the next step of a broader targeted US engagement and positioning strategy for HyTerra.
Viriathus Capital will manage the process of the listing, which includes preparing documentation and the listing application, assisting in investor disclosure and compliance requirements, market maker support for the company’s shares on OTCQB.
HyTerra, which has a market capitalisation of $30 million, says this listing will provide increased visibility, trading access, and liquidity for North American investors while maintaining the primary listing on the Australian Securities Exchange.
Executive Director Avon McIntyre says the planned listing is a critical step in opening new opportunities for US-based investors to participate in the company’s journey.
“The fact that there is already trading on the existing PINL:HYTLF is a very good sign and a positive entry point into an easier way for US investors to invest a OTCQB quotation,” McIntyre says.
“This is a key step forward as there is an increase in engagement happening with HyTerra from US-based institutions, companies, and investors.”
HyTerra is exploring for geologic hydrogen and helium resources near major industrial hubs. The company’s Nemaha Project is located in Kansas, US.
Write to Aaliyah Rogan at Mining.com.au
Images: HyTerra
