AVZ Minerals Ltd (ASX:AVZ) is now trading on the OTCQX Best Market under the ticker ‘AZZVF’, taking advantage of the growing opportunities for the global lithium sector, particularly in the North American market.
The OTCQX Best Market is the highest market tier of over-the-counter markets, on which some 11,000 United States and global securities trade.
High trading standards
Companies trading on this exchange must meet high financial standards, follow best practice corporate governance, demonstrate compliance with US securities laws, be current in their disclosure and have a professional third-party sponsor.
Along with its high fiduciary standards, the OTCQX Best Market is known for its value and ease of access to US investors, brokers and institutions seeking to trade, and AZZVF stocks will be well placed to capitalise on this eager market.
Waiting market
“We have long recognised the opportunities provided by the North American capital markets, and with a burgeoning interest in the global lithium sector, our majority-owned Manono Lithium and Tin Project is generating significant investor interest,” said managing director Nigel Ferguson.
“We believe AVZ’s admission to the OTCQX Best Market will benefit all of our shareholders, enhancing the visibility and accessibility of the company to US investors, and allowing us to efficiently grow our North American shareholder base”.
The company will continue to have its primary listing on the ASX and be subject to and comply with the ASX Listing Rules and the Corporations Act 2001.
Rimon Law acted as the company’s OTCQX sponsor. US investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcmarkets.com.
The Manono Project
The Manono Project, in the south of the Democratic Republic of Congo in central Africa, hosts the world-class Roche Dure mineral resource of 400 million tonnes, including lithium, tin and tantalum.
It is positioned as a clean, sustainable source of lithium, making a contribution to global green energy and supplying vital clean battery minerals. The company is proud of the mine’s ESG credentials – it is forecast to be one of the lowest carbon-emitting hard rock mines in the world.