Couple of comments. The SEC requirement to get off Pink sheets...

Couple of comments. The SEC requirement to get off Pink sheets Is US $5.00 for 6 months to apply. Most companies wait for a higher price to apply and to have standard metrics improving. Simple reason is When a company goes back to pink sheet there is lots of Press. First is a notice to company that they may go back wards. Then the company usually apples for a delay saying low price is only temporary. Usually granted for 6 months. Then if company stock still have not changed it happens but again with lots of formal press releases. This usually just adds to stock fall. Most companies prefer to wait till they are reasonably sure they will not go back wards. There are 3 Levels of OTC (actually 4 but last is not known well.

JMO But Lynas should strive for the OTCQX Listing this does not need Lynas to release press releases and Q and AR reports that are compliant with US SEC rules. To do everything twice compliant with AU and US SEC is expensive and distracting. OTC accepts document compliant with home country SEC. The NASDAQ and NYSE do not they have to be US SEC compliant as well as home country. Do some research before hoping for a magic solution.

What are the 3 OTC Markets?

Even though there are generally fewer rules associated with being unlisted, and companies aren’t required to provide the same type of information as they would if they were listed on a stock exchange, not all securities traded in the OTC market are deemed the same.

OTC Markets Group, the largest electronic marketplace for OTC securities, groups securities by tier based on the quality and quantity of information the companies report.

While these designations don’t speak to the investment merits of a particular company, they do indicate how much information is available. These three markets are:

• The best market (OTCQX). This OTC market includes well-established, reputable companies that meet high financial standards and other stringent reporting requirements.
• The venture market (OTCQB). The venture market is for young companies that are still developing and growing. The eligibility requirements for this market are more lenient than for the best market, though companies may not be in bankruptcy.
• The pink market. Commonly referred to as the pink sheets, this is by far the riskiest of the OTC markets. Companies traded in the pink market provide the least amount of information and fail to meet the reporting requirements set forth by the Securities and Exchange Commission (SEC). Also known as the open market, this category is home to most penny stocks, shell companies and companies that are in some sort of financial distress. As a result of the less-stringent criteria to be included and lack of quality control, these securities are subject to fraud and pose risks to investors.

There is one final market that’s even harder to access for most investors: The grey market. These securities aren’t even quoted by broker-dealers because of a lack of available financial information and regulatory compliance.

https://www.forbes.com/advisor/investing/otc-market/