On 13/10/2023 Golden Metal was admitted to trading on the OTCQB Venture Market
Golden Metal Resources plc (AIM:GMET, OTCQB:GMTLF) is pleased to announce that its shares (“Ordinary Shares”) have been approved to trade on the OTCQB Venture Market (“OTCQB”) in the United States and will commence trading on the stock market at the open today, under the symbol “GMTLF”.
This will not affect trading of the Company’s Ordinary Shares on AIM, which will continue under the symbol “GMET”, and no new Ordinary Shares have been issued through this process. The Company will continue to make all announcements and disclosures to the London Stock Exchange through the Regulatory News Service and is not subject to any Sarbanes-Oxley or US Securities and Exchange Commission reporting requirements.
Trading on the OTCQB offers enhanced investor benefits in the form of easier trading access for investors located in the U.S. and potentially greater liquidity due to a broader geographic pool of potential investors. Through trading on the OTCQB, Golden Metal will be able to engage with a network of U.S. investors ensuring that they have the same level of information and disclosure available to investors in the United Kingdom, but through U.S.-facing platforms and portals. In addition, the OTCQB trading facility will provide U.S. based investors with the ability to access the Company’s Ordinary Shares in U.S. dollars during U.S. market hours.
Oliver Friesen, CEO of Golden Metal, commented:
“I am very pleased to share this significant milestone in the journey of Golden Metal as we announce the approval for our Ordinary Shares to be traded on the OTCQB Venture Market in the United States. This development marks an important step forward in our strategic vision and reinforces our commitment to expanding our global footprint with the ultimate goal of enhancing shareholder value.
“We at Golden Metal, with 100% ownership of what we believe to be the largest undeveloped tungsten deposit on U.S. soil, understand the strategic importance of our asset as the U.S. actively looks to reduce its reliance on unfriendly countries for key input metals, hence the reason for the admission to trading completed today. Importantly, the OTCQB provides us with a broader platform to reach a wider audience of investors and allows us to increase our visibility and transparency in the international financial markets.”
For further information visit www.goldenmetalresources.com
