American Rare Earths Limited Announces Successful Request For Its Common Shares To Be Traded In Over-The-Counter Markets
American Rare Earths Limited (OTCQB: ARRNF)
PHOENIX, AZ, USA, November 24, 2021 /EINPresswire.com/ – American Rare Earths Limited (“the Company”) (ASX: ARR; OTCQB: ARRNF; FSE: 1BHA) announces that it has successfully applied for its shares to be traded on OTC Markets, “QB” level, a US trading platform operated by OTC Markets Group in New York. The listing of the Company’s ordinary shares on the OTCQB has recently been approved by the Financial Industry Regulatory Authority (FINRA). The Company will also request the Depository Trust Company (“DTC”) to qualify for the DTC, which would greatly simplify the process for North American investors who trade in the Company’s common shares.
Due to the growing international demand for the Company’s shares, Canaccord Genuity has successfully executed procedures aimed at creating a market for the Company’s securities which now trade on the OTC Markets Group platform. The OTC is the largest alternative trading system in the United States, with over 11,000 securities listed on this market. Cross-listing on the OTCQB offers the Company the opportunity to strengthen its visibility, increase its liquidity and diversify its shareholder base in the United States in an established public market. It is now possible for American and Canadian investors to participate with the company in the development of its rare earth mineral deposits in the United States.
As American Rare Earths continues to have its primary listing on the Australian Securities Exchange, streamlined market standards allow the Company to use its ASX reports and make its information available in the United States. The Company confirms that admission to the OTCQB is not dilutive as no additional capital is required and no new shares will be issued as part of the listing on the OTCQB.
Managing Director Chris Gibbs says, “As the company’s most advanced projects are in the United States, offering American investors the opportunity to participate was a logical step. Doing so in a non-dilutive manner only adds liquidity and strength to the positions of our shareholders. “
Andrew Reilly and the Rimon Law team acted as a sponsor of the company. Investors can find quotes and market information for the Company at https://www.otcmarkets.com/stock/ARRNF/overview.
This ASX announcement has been approved and authorized by Mr. Chris Gibbs, Managing Director.
Western Rare Earths (WRE) is the wholly owned U.S. subsidiary of American Rare Earths Limited (ASX: ARR; OTCQB: ARRNF) which develops the La Paz Advanced Rare Earth Project in Arizona, the Halleck Creek Rare Earth Project in Wyoming and the Searchlight Heavy REE project. project in Nevada. WRE, its subsidiaries and projects in the United States are led by Marty Weems, President – North America. www.westernrareearths.com
RP Gitenstein & Assadi
write us here
Investor Presentation for American Rare Earths Limited