Sun Silver (ASX:SS1) has commenced the process for listing on the Over-the-Counter (OTC) Market, as part of the group’s US growth strategy.
The company says this dual listing, once completed, will mark a milestone in Sun Silver’s growth strategy by enhancing exposure and investor reach into North American investors and strengthening its capital markets presence.
Managing Director Andrew Dornan says with Maverick Springs already established as the largest pre-production primary silver deposit on the ASX, this initiative will open the company to a new audience of investors seeking exposure to silver, gold, and antimony.
“This step is aligned with our long-term strategy to establish Sun Silver as a leading North American-focused silver developer while also positioning the company to take advantage of US Government support for critical mineral projects,” Dornan says.
Sun Silver, which has a market capitalisation of $165.62 million, says this listing process comes at a pivotal time for the silver market.
Silver prices have recently traded above US$42 per ounce, staying close to 14-year highs as investors braced for an expected US Federal Reserve interest rate cut this week, as reported by Trading Economics.
The Maverick Springs Project hosts a resource estimate of 480 million ounces silver-equivalent @ 68.29 grams per tonne silver-equivalent.
Write to Aaliyah Rogan at Mining.com.au
Images: Sun Silver
