Resolution Minerals (ASX:RML) is on the verge of listing on the OTCQB – oft called the “Venture Market” over in the States – as it looks to “expedite growth” and “unlock value” through the bold U.S. index expansion.
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The company has now hit the final phase of joining the U.S. Over-The-Counter market, where it will be available under ticker code “RLMLF.” The process has taken a little over 90 days, but is now being fast-tracked to wrap things up.
The OTCQB, run by OTC Markets Groups, is regularly used as a staging ground for international companies to cut their teeth in the U.S. as they expand.
That’s exactly what Resolution wants – a “stepping stone” to the Nasdaq big leagues, RML executive director Aharon Zaetz declared in a release on Friday.
(It would also, RML teased, expose the explorer to “attractive U.S. opportunities” like joint ventures or mergers, should they pop up as new options.)
“Listing on the OTCQB Market is a strategic move that aligns with our vision of becoming a globally recognised developer of what we believe will be a major antimony, gold, silver, and tungsten producer in the States,” Mr Zaetz explained.
That goal will come after Resolution puts a bow on its million-dollar Horse Heaven buy.
That deal, first reported by this HotCopper journo on Wednesday, will see Resolution take control of an Idaho project dripping with “drill-ready targets.”
That project, the Horse Heaven Antimony-Gold-Tungsten Project, shares an eastern boundary with Nasdaq-listed Perpetua Resources’ long-proven Stibnite Gold-Antimony site and has two fault zones, 1.2km and 3.5km long.
“[That acquisition] has the potential to be a transformative event for Resolution,” Mr Zaetz said on the multi-million dollar brownfields buy earlier this week.
“We have secured a commanding ground position with known antimony occurrences.”
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Resolution follows several Australian companies which have already cracked into the dual-listing world, including miners and explorers like Challenger Gold (ASX:CEL), MTM Critical Metals (ASX:MTM), and Sayona Mining (ASX:SYA).
Similarly, Uranium mid-cap Deep Yellow (ASX
YL) has also been trading on the Namibian stock exchange for some time alongside its ASX 200 offering.
“This dual-listing will allow us to connect with a much larger investor audience, including the investors who have been involved in the hugely successful Perpetua Resources next door to Horse Heaven,” Mr Zaetz explained.
RML has gained value through to Friday lunchtime, up +5.8% to 3.6cps.
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Isaac McIntyre
The Market Online
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