IronRidge Resources Ltd (AIM:IRR) said it filed an application to trade on the OTC Market's OTCQX Best Market in the US.
The miner said it will make its shares more widely available to North American investors.
READ: IronRidge Resources to concentrate on lithium and gold after 'highly successful' year
It has found a supporting broker and market maker and is completing the necessary regulatory documentation and application materials for submission to the OTC Market's compliance group.
IronRidge noted that the new listing will have no impact on the trading of its existing ordinary shares on AIM and no new ordinary shares will be issued as part of the cross-trade facility.
IronRidge will continue to adhere to all regulatory requirements relating to its listing on the AIM market of the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
The OTCQX is in the top tier of OTC markets and lists companies, including blue-chip level companies, which are not listed on traditional exchanges in the US, it noted.
Companies listed on the OTCQX market have to follow certain rules and criteria and are subject to their home market regulation, in this instance the AIM market of the London Stock Exchange in the UK.
The company said it believes that listing on the OTCQX Market, under the ticker symbol "IRRLF", is a natural step forward to address global Lithium interest and will potentially provide enhanced investor benefits, including easier access in the US, and greater liquidity.
"Following our recent landmark partnership with Piedmont Lithium Inc (ASX:PLL, NASDAQ:PLL, XETRA:)., which will fully fund the Company's standout Ewoyaa Lithium Project in Ghana to production for US$102mln, coupled with President Joe Biden's comments concerning the importance of Lithium, we have started a process of inter-listing the company's shares in New York on the OTC Market's OTCQX trading platform which is a natural and beneficial step for the company and all shareholders,” said chief executive Vincent Mascolo.
Shares rose 2% to 18.87p early on Thursday.