Australia-based process technology developer Neometals has upgraded to the OTCQX market in the US, it announced on Thursday.
“The US trading upgrade reflects a desire to provide additional visibility and gain greater market exposure and liquidity,” said Neometals MD Chris Reed.
The OTCQX quotation will also increase the number of US states to 40 that allow investors and equity analysts to recommend Neometals’ American depository receipts, he added.
“With Neometals’ strategy to enable critical material production from waste streams, and the increasing importance being placed on US domestic critical material supply resilience, the timing bodes well to broaden the audience to our sustainable battery and precious materials opportunities,” said Reed.
No new securities have been issued as part of the quotation on the OTCQX market.