Pinnacle Minerals (ASX:PIM) is seeking to list on the OTCQB Market, as part of its US critical minerals strategy.
The OTC Markets is an organisation that facilitates the trade of over-the-counter stocks and other securities. The OTCQB will introduce a larger pool of investors and enable them to trade Pinnacle’s shares in their local time zones and currency.
The company has appointed Ellis Martin and Viriathus Capital as its US strategic and corporate advisors, respectively, to strengthen its commitment to increase visibility and enhance investor engagement.
Pinnacle Minerals, which has a market capitalisation of $19.6 million, says the dual listing follows strong interest in the company observed from US-based investors, in light of a recent agreement to acquire the eight gold and antimony projects within the US.
Managing Director William Witham says the appointment of Viriathus and Ellis Martin to advance the listing is considered a key milestone for the company.
“Additionally, the recent escalation in tensions between the US and China over critical minerals exports, as well as unprecedented White House funding support for domestic defence mineral production, highlights the strategic importance that the projects have in securing critical mineral supply from within the US,” Witham says.
Viriathus Capital has facilitated over 50 listings since 2010. The company will oversee the full OTCQB listing process for Pinnacle, including preparing and submitting all application materials, direct engagement with OTC Markets, developing the OTCQB profile, and uploading historical disclosure documents.
Pinnacle Minerals is a technology minerals explorer focused primarily on battery metals in the US, Canada, Western Australia, and South Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Pinnacle Minerals
