Centaurus Metals’ (ASX: CTM) application to join the US-based OTCQX market has been accepted and the company’s shares will commence trading in the US on the OTCQX platform under the ticker OTCQX: CTTZF on December 30, 2021.
The OTCQX Best Market is the highest tier of OTC Markets Group’s market platforms, on which 11,000 US and global securities trade. In order to be eligible for the OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable US securities law.
Managing Director, Darren Gordon, said trading on the OTXQX will enhance the visibility and accessibility of Centaurus to the extensive market of North American retail, high net worth and institutional investors. The primary advantages to North American investors of Centaurus’ inclusion on the OTCQX platform include:
- It allows trading of Centaurus’ securities in the local timezone;
- Trades and settlements are conducted in US Dollars with no exchange rate risk or additional FX fees; and
- The OTCQX share is the same class of Ordinary Share to ASX traded stock (ASX: CTM).
Centaurus’ primary listing will continue to be the Australian Securities Exchange (ASX) with its shares now also tradeable on the OTCQX market (www.otcmarkets.com).
“We are pleased that our application for our shares to be traded on the OTCQX has been accepted, allowing Centaurus to join the North American financial community at a time of unprecedented investment by the US Government and industry in electrification and decarbonization initiatives,”: Mr Gordon said.
“Central to this theme is the demand for low-emission nickel, which is exactly what Centaurus can deliver from its very large, low-emission Jaguar Nickel Sulphide Project in northern Brazil, which has a globally significant JORC Mineral Resource of 80.6Mt @ 0.91% Ni for 730,700 tonnes of contained nickel.
“Whilst a common pathway for registration on the OTCQX Best Market is to upgrade from a lower-level market such as the OTCQB Venture Market, Centaurus’ credentials, market cap and share price have allowed us to directly join the OTCQX Best Market.
“This important step to seek entry onto the OTCQX follows the increased level of US investor interest in the Company from North American investors – a market which has always had a deep understanding of the mineral endowment and quality of mineral assets in Brazil.”
Centaurus Metals Limited is an Australian-headquartered minerals exploration and development company focused on the near-term development of the globally significant Jaguar Nickel Sulphide Project in the world-class Carajás Mineral Province of Northern Brazil – one of the world’s premier mining addresses.
In May 2021, the company delivered a Scoping Study for the production of 20,000 tonnes per annum of nickel in sulphate at Jaguar over an initial mine life of 13 years. The study demonstrated compelling economics and very low forecast GHG Emissions of only 4.69t CO2/tonne of nickel equivalent.
The company recently upgraded its JORC 2012 Mineral Resource Estimate to 80.6Mt @ 0.91% Ni for 730,700 tonnes of contained nickel which is expected to deliver enhanced economics in the Definitive Feasibility Study, due for completion by the end of 2022.
For further information please visit: https://www.centaurus.com.au/site/content/
