GTI Resources Ltd (ASX:GTR) is now trading on the OTCQB Market in North America.
Investors can find GTI’s OTCQB shares under the ticker code ‘GTRIF’, with the company trading on the exchange from April 12, 2022 (US time).
The OTCQB® Venture Market is generally for investors looking to trade in entrepreneurial and development stage US and international companies.
GTI met all high financial and securities reporting standards to qualify and passed a bid test. The company will now undergo annual verification to keep its listing.
It is expected the OTCQB listing will build shareholder value and secure liquidity and a fair valuation for the company.
It will also enable GTI to expand awareness among potential North American investors.
This market provides companies access to one of the largest investment markets in the world at nominal cost, with fewer additional compliance requirements, compared to traditional major exchanges.
Trading in the home of GTR’s uranium projects
GTI executive director Bruce Lane said of the OTCQB listing: “We’re delighted to advise that GTI shares are now traded on OTCQB as part of our strategy to promote the company to investors in the US, the home of our uranium projects.
"OTC cross trading provides wider access to the large North American investment community and enhanced convenience for these investors to trade GTI ordinary shares.
“GTI’s strategy is fundamentally North American-focused, and our aim is to define US-based uranium resources for the resurgent US nuclear power business.”
Nuclear power: an emissions-free energy source
With nuclear power emerging as an emissions-free, baseload power source that can enable the world’s transition to net-zero emissions, North American natural resource investors are examining uranium’s role in a clean energy future.
GTI believes that trading on the OTCQB gives North American investors the opportunity to be a part of its Wyoming ISR uranium plans, which include the recently discovered ISR-amenable uranium mineralisation at its Thor Project.
GTI’s shares remain listed on the Australian Securities Exchange (ASX) under the ticker 'GTR'.