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Metals One starts trading on the OTCQB Venture Market in the US

ALN

Metals One PLC on Tuesday said its shares started trading on the OTCQB Venture Market in the US on Monday.

The London-based metals exploration and development company said OTCQB, which is provided through OTC Markets Group Inc, provides ‘enhanced visibility and liquidity for international companies seeking to broaden their US investor base’.

Metals One said the decision to trade on OTCQB follows its strategic entry into the US critical minerals sector, by purchasing direct or indirect interests in uranium and vanadium exploration projects, plus one gold exploration project, this year.

‘These investments align with the US’ push to source more domestic uranium, key for nuclear power and lowcarbon energy, and vanadium, which increasingly supports gridscale storage systems,’ Metals One said.

Trading on OTCQB will allow North American investors to gain exposure to these opportunities, Metals One said, which could support US energy security.

Metals One noted that trading on OTCQB will not impact trading of its ordinary shares on the AIM market of the London Stock Exchange. No new shares were issued through this process, it added.

‘Admission to trading on the OTCQB represents a step in improving access to Metals One for US-based investors where the company is developing a footprint of prospective early-stage uranium, vanadium and gold exploration projects,’ said Managing Director Dan Maling.

Shares in Metals One were up 0.4% at 3.70 pence on Tuesday afternoon in London.

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