ION Energy Limited (CVE:ION) (FRA:5YB) announced Thursday it has received approval to begin trading (today) on the OTCQB Market under the ticker symbol "IONGF."
In a statement, ION Energy CEO Ali Haji said joining the OTCQB, a platform operated by OTC Markets Group Inc (OTCQX:OTCM), “is great timing” for the early-stage lithium brine explorer focused on Mongolia.
"With the pending inauguration of President-elect Biden and his proposed economic recovery policies, US investors are finding battery metals increasingly intriguing to invest in,” Haji said, adding that “we look forward to sharing our story with a much larger investor audience."
READ: ION Energy begins geophysics study at Baavhai Uul lithium project in Mongolia
The OTCQB is a marketplace for entrepreneurial and development stage US and international companies that are committed to providing a high-quality trading and information experience for their investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process.
The company said its listing on the TSX Venture Exchange and the trading of its shares on the OTCQB contribute to a larger North American presence and affords investors preeminent access to trading.
The Toronto-based company’s Baavhai Uul lithium brine project is spread over nearly 81,000 hectares, and is strategically located in southeast Mongolia, 24 kilometers away from the Chinese border.
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