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Ark Mines (ASX:AHK) has confirmed it’s completed its listing process onto the US OTCQB market in a bid to tap offshore liquidity towards its vision of becoming a critical minerals producer.
The OTCQB market – OTC being short for ‘Over The Counter’ – is an SEC-regulated U.S. marketplace that has fewer barriers to entry than, say, Wall Street’s major indexes. It’s similar to the pink sheets market (but more closely monitored).
“Ark’s status as an ASX-listed company qualifies it for for key exemption under U.S. listing regulations, reducing compliance costs while expanding its access to U.S. capital markets,” the company wrote on Wednesday.
Ark is hopeful it can facilitate ‘direct engagement’ with U.S. investors and benefit from the stronger U.S. dollar compared to the Aussie. Ark is also mindful of Trump’s ongoing interest in critical mineral supply (and U.S. manufacturing).
A U.S. roadshow led up to the OTCQB listing with shares going live this evening Australian time. ASX communications will continue and the company noted the move doesn’t dilute Australian shares.
“We anticipate that dual trading on the OTCQB will help diversify our shareholder base and broaden exposure to a wider pool of investors,” Ark Mines ED Ben Emery said.
“[This will occur] as we transition the Sandy Mitchell project from exploration to development.”
AHK last traded at 16cps.
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