Trigg Minerals (ASX:TMG) has begun the application process for relisting on the OTCQB Venture market.
The OTCQB is a mid-tier OTC equity market which primarily lists early stage and developing companies in the US and internationally.
The antimony explorer has sought relisting, which is expected to take between three to five weeks.
US-based merchant bank and advisory firm Viriathus Capital has been engaged to assist with the US listing
Dual listing on the OTCQB offers improved trading accessibility for US-based investors and increased liquidity.
Trigg Minerals, which has a market capitalisation of $33.94 million, says the exchange enables engagement with US capital markets, data providers, and media outlets. This ensures that US investors have direct and real-time access to the same information and disclosures available to Australian investors.
Executive Chairman Tim Morrison says the decision to relist on the OTCQB is a response to inbound interest from US investors and corporates.
“This step is consistent with our goal of aligning the development of our New South Wales critical mineral portfolio with the strategic alliance between Australia and the US,” Morrison says.
“Listing on the OTCQB opens the door for US-based investors to trade TMG stock which will broaden the shareholder base and we anticipate drive demand.”
Trigg Minerals has expanded its portfolio assets to become a prominent antimony-focused explorer in Australia. The company’s asset portfolio includes the Achilles, Taylors Arm, and Spartan projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Trigg Minerals
