Tungsten explorer Great Western starts trading shares in US
Aim- and Euronext-listed Great Western Mining has been approved for trading its shares on the US's OTCQB Venture Market.
Under the ticker symbol "GWMOF", the cross-trading of Great Western's ordinary shares on the OTCQB will provide significant benefits to investors, including enhanced access to trading for US-based investors and greater liquidity from a broader pool of potential investors globally.
"By trading on the OTCQB, we can engage directly with US investors and provide them with the same level of information and disclosure available to shareholders in the UK and Ireland through US-facing platforms and portals," says chairperson Brian Hall, adding that the OTCQB cross-trading facility will enable US investors to access Great Western's stock in US dollars during US market hours.
Great Western is currently preparing for a high-impact drill campaign at its tungsten project, in Nevada, which is set to start next month.
"We are entering what we believe is 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," Hall states.
Tungsten is increasingly recognised as a strategically important metal, essential to a range of industrial, defence and advanced manufacturing applications. As governments and industry seek to strengthen domestic supply chains for critical minerals, including tungsten and copper, Hall believes Great Western is well positioned to play an important role in supporting US supply security.
"Our projects are located in Nevada, one of the world's premier mining jurisdictions, and we look forward to engaging with a broader audience of US investors as we progress our exploration programmes and continue advancing our vision of becoming a meaningful domestic tungsten and copper producer," he concludes.
