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Red Mountain Mining (ASX:RMX) has seen its shares on the U.S. OTCQB market enjoy success on its debut, with those assets up 36%, to 54 cents per share – higher than what Red Mountain Mining shares had been fetching on Wednesday morning as a rough patch for the wider ASX continues to compound.
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Disclaimer: This content has been prepared as part of a partnership with Red Mountain Mining Ltd and is intended for informational purposes only.
The company’s OTCQB listing, ticker RMXFF, reportedly enjoyed “a strong debut with robust market activity and trading values, and high levels of U.S.-based investor engagement.”
For investors wishing to hear about the company’s upcoming plans and latest developments, including the OTCQB listing, Red Mountain also noted early on Wednesday that it plans to present at the Australian Rare Earths and Critical Minerals Investor Conference on this very day.
In between the lines, Red Mountain has its eyes on U.S. antimony projects where it’s hoping to leverage recent upside for stocks in that space, brought to the fore by the Trump Administration’s push to secure domestic critical mineral supply (and production) capacity ex-China.
Meanwhile, Red Mountain has a prospective antimony-gold project, Hillgrove, in Australia near Larvotto Resources’ acreage (the first mover listed company down under that saw a re-rate when it hit antimony shortly after China banned exports), which RMX noted on Wednesday was the recent attempt of a takeover launched by United States Antimony Corporation, a A$1.5B market cap company.
RMX last traded at 3.5cps.
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