Western Ridge Resources (ASX: WRX) has qualified to trade on the OTCQB market today, U.S. time. The move has been made to support its U.S. growth through the historic, high-grade silver-dominant polymetallic Keystone in northern Nevada and the Equador and Equador North niobium-tantalum projects in Brazil.
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Western’s managing director, Dr Matthew Cobb, said the dual listing of WRX’s ordinary shares on the OTCQB provides for greater engagement with U.S. markets and media outlets, while also increasing direct and real-time access to the same high-quality information made available to Australian investors.
“The availability and accessibility of WRX’s shares to the U.S. market is a significant step forward for the company as we continue to develop our flagship Keystone project,” Dr Cobb told shareholders today.
“With the company having a focus on projects in the Americas, trading on the OTCQB is a beneficial and strategic milestone that not only allows Western Ridge to establish more significant partnerships with international investors at large, but also raises awareness of our efforts to establish domestic critical metal supply in the US at a time when such projects are proving to be highly valuable.”
The trading of WRX’s ordinary shares on the OTCQB will not affect the trading of the same shares on the ASX, and no new ordinary shares have been issued.
Western Ridge is ramping up work at Keystone after receiving official approval to commence the company’s maiden drilling there in Q2. This is part of the first significant exploration there in more than 80 years.
Dr Cobb said the company’s ongoing discovery and review of historic reports, including level plans, has allowed the creation of a three-dimensional model of the currently known workings and stoping at Keystone.
Western Ridge has planned for 19 RC drillholes to test strike and depth extensions of the vein complex at the Keystone mine, from which 36,000 ounces of silver were produced between 1937 and 1943.
The company’s initial drilling will target both the main Keystone vein (the outcrop of which led to the discovery) and the horizontal vein(s), which were discovered only during the second phase of production between 1937 and 1943. Production at Keystone ceased only due to U.S. involvement in the Second World War.
The company’s recent geophysical survey of Keystone has yielded at least 10 other priority areas for targeting, many of which are also associated with historic workings, similar to the Keystone mine. Western aims to progress a pipeline of these targets for testing throughout the coming CY26 field season.
WRX is steady at 3.5¢ this morning.
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