In a pivotal move, Element 25 Ltd (ASX:E25) has confirmed its successful upgrade to the OTCQX® Best Market from its previous listing on the Pink® market.
Effective immediately, shares of Element 25 will be available for trading on OTCQX under the ticker symbol 'ELMTF'.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.
For companies listed on a qualified international exchange, streamlined market standards enable them to utilise their home market reporting to make their information available in the U.S.
To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance, and demonstrate compliance with applicable securities laws.
Broader global investment community
Element 25 managing director Justin Brown, expressed the company’s aspirations regarding this pivotal move: “We are delighted to begin trading on the OTCQX market.
“The ASX remains E25’s primary exchange, but joining the OTCQX will add greater liquidity to our ordinary shares and make investing in the company more accessible to a broader global investment community, particularly in the US, where investors have shown interest in our exciting battery grade manganese processing plant being developed on US soil to supply our offtake partners General Motors and Stellantis.”
About Element 25
Element 25, at its core, is deeply involved in manganese production, primarily through the Butcherbird Manganese Project situated in Western Australia.
The company's strategic direction is aligned with feeding raw materials to a future battery-grade manganese processing plant, the construction of which is envisioned in Louisiana, USA.
Given Element 25's expansive resource base, extended mine longevity, and pioneering low-carbon processing technique, the company is poised to emerge as a key player in a rapidly growing industry.