Shares in Great Western Mining (GWMO ) have been approved for trading on the OTCQB Market in the United States of America and will commence trading at the market open later today under the ticker symbol "GWMOF".
It’s anticipated that the cross-trading of Great Western’s shares on the OTCQB will provide enhanced access to trading for US-based investors and greater overall liquidity.
By trading on the OTCQB, Great Western can engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the United Kingdom and Ireland, but through US-facing platforms and portals.
Additionally, the OTCQB cross-trading facility will enable US investors to access Great Western's ordinary shares in US dollars, during US market hours.
"The timing of our admission to the OTCQB could not be better,” said Great Western’s chairman Brian Hall.
“With a high-impact drilling campaign set to commence next month at our tungsten project in Nevada, we are entering what we believe will be a highly significant phase in the company's development and one that has the potential to generate substantial value as we advance our assets towards development. We are delighted to provide US investors with easier access to Great Western at a time when interest in domestic critical mineral supply chains continues to grow. Trading on OTCQB broadens our reach within the North American investment community and enables a wider pool of investors to participate in our progress as we work towards establishing a domestic source of tungsten and copper supply for the United States.”
View from Vox
Great Western’s share price has been on the move in a significant way this year, buoyed by the prospect of building a significant tungsten resource at its Nevada project. It’s a story that should be of great interest to US investors, concerned as they increasingly are with sourcing local supplies of the world’s critical raw materials. Till now, though, the path for US-based equity investors in Great Western has been opaque. The OTCQB listing ought to change that, and it will be interesting to see how much new liquidity comes into the company in the months ahead.