Business
Namibia Critical Metals Commences Trading on OTCQB
HALIFAX, NS / ACCESSWIRE / March 28, 2023 / Namibia Critical Metals Inc. ("Namibia Critical Meta...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"Namibia Critical Metals Commences Trading on OTCQBHALIFAX, NS / ACCESSWIRE / March 28, 2023 / Namibia Critical Metals Inc. (\"Namibia Critical Metals\" or the \"Company\" or \"NCMI\") (TSXV:NMI)(OTCQB:NMREF) is pleased to advise that the Company's common shares have been approved for trading on the OTCQB Venture Market (\"OTCQB\") under the symbol \"NMREF\".HIGHLIGHTS· OTC Markets is a well‐established trading platform in the US· \"QB\" quotation significantly expands global access to investment in NCMI shares· U.S. investors, in particular, will gain simpler, live‐market trading access to NMREF common shares· Timing reflects increasing interest and awareness in the rare earth sectorThe OTCQB is a U.S. trading platform operated by OTC Markets Group in New York. The OTCQB market, often referred to as a \"QB\" quotation, is structured to provide live‐market trading in early‐stage and developing companies that may hold primary listings in other markets. Eligibility for OTCQB quotation requires a company to undergo an annual verification and management certification process, meet minimum standards of financial reporting and transparency, and pass other tests relating to the company's capital structure and share price.Namibia Critical Metals had already established a degree of liquidity on OTC Markets through a Pinks quotation under the symbol \"NMREF\". The decision to commence trading through the higher‐profile OTCQB now enables NCMI to engage a far greater network of North American investor, data and media partners, thereby significantly expanding the potential pool of investors in, and followers of, the Company from the U.S. and other jurisdictions.Namibia Critical Metals shares will continue to trade on TSX-Venture under its existing symbol \"NMI\". The trading on OTC is non‐dilutive to existing NCMI shareholders. No capital is being raised and no new shares are being issued to enable trading on the OTCQB.Darrin Campbell, President of Namibia Critical Metals stated:\"We are delighted to be able to provide US investors with enhanced access to the NCMI story through the OTC platform. We have seen a significant increase in the number of US based shareholders in NCMI over the last 2 years as the rare earth sector in general has grabbed the attention of investors worldwide...