18th Oct 2021 18:11
Bradda Head Lithium Ltd - lithium explorer with assets in Nevada and Arizona - Says it has started the process to list on the US OTC Markets platform. The company's ordinary shares will be cross-traded on the OTCQB board of the OTC Markets. US listing will be in addition to the existing quoting on the AIM of the Stock Exchange in London, it says. Bradda has also turned to Red Cloud to act as its broker in North America.
Chief Executive Officer Charles FitzRoy says: "Given Bradda Head's strategy of developing critical US lithium projects to supply the domestic market, the current aggressive exploration programme that we are undertaking and the significant interest in lithium in the US, we believe that listing on the OTC will enable us to gain greater visibility, further broaden our shareholder base and increase demand and liquidity in one of the world's major lithium markets.
"Red Cloud are a renowned and trusted North American broker with the ability to reach investors who can't trade AIM-quoted companies. Bradda's assets are in the US and we have had significant interest showing that the North American market is looking for investments in lithium companies in the US."
Current stock price: 7.44 pence, up 35% from July IPO price of 5.5p
Year-to-date change:
By Arvind Bhunjun; [email protected]
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