Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) has begun trading on the OTCQB Venture Market under the ticker BSNLF.
BNL is an independent helium exploration and production company, whose strategy is to find and develop new supplies of low-cost, high-grade helium in North America.
The OTCQB market is a US trading platform operated by OTC Markets Group in New York, primarily for early‐stage and developing companies that may hold primary listings in non-US markets.
Not only does a listing on the OTCQB market provide North American-based investors with increased accessibility to BNL’s shares, it may also deliver better overall liquidity in the trading of Blue Star.
BNL was able to satisfy its OTCQB reporting requirements via its primary ASX listing obligations, which remain unaffected.
Increased interest in helium-focused companies
“Blue Star’s listing on the OTCQB market provides increased accessibility for investors in North America to invest in the company. This is particularly relevant given the helium market and investor base in the United States is the largest globally – and our asset portfolio is focused in the United States,” Blue Star managing director and CEO Trent Spry said.
“The current supply-constrained market conditions, which are well publicised and expected to persist, have increased investor interest in helium focused exploration companies like Blue Star. Listing on the OTCQB allows US investors to take advantage of these market conditions.”