Neometals (ASX:NMT) has begun trading on the OTCQX in the US, under the symbol ‘NMTAY’, as the company seeks to gain greater market exposure in North America.
Managing Director Chris Reed says the OTCQX is the top tier of OTC Markets, and an important step for companies in pursuit of transparent trading.
“Additionally, the OTCQX quotation will increase the number of US states to 40 that allow investors and equity analysts to recommend Neometals’ American Depositary Receipts,” he says.
“With Neometals’ strategy to enable critical material production from waste streams, and the increasing importance being placed on US domestic critical material supply resilience, the timing bodes well to broaden the audience to our sustainable battery and precious materials opportunities.”
To qualify for the OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
Neometals is focused on critical materials needed for the global transition. The company’s core focus is on the commercialisation of its patented lithium-ion battery recycling technology, under a plant supply and technology licencing business model.
Write to Aaliyah Rogan at Mining.com.au
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