OTC Markets Group Inc. (OTCQX:OTCM) today welcomes American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) to trading on the OTCQX Best Market, under the symbol AMRRY.
The OTCQX Best Market enables efficient, cost-effective access to the US capital markets, the exchange operator noted, and it includes certain qualification standards in regard to financial standards and corporate governance.
“We are pleased to reach the milestone of trading on OTCQX, as this will make it easier for our U.S. investors to invest in American Rare Earths … Given that demand for rare earths is expected to escalate sharply in the coming decade, trading on the OTCQX market is expected to generate significant interest among US investors as the company continues to execute on its strategy of becoming a US-based entity,” said American Rare Earths chief executive Donald Swartz.