AVZ Minerals (ASX:AVZ) commences trading on OTCQX Best Market

Highlights

  • AVZ Minerals started trading on the OTCQX Best Market on 13 January 2022.
  • The Company’s shares are trading on OTCQX under the ticker code "AZZVF".
  • AVZ informed that Rimon Law acted as the Company's OTCQX sponsor.

ASX-listed Australia-based mineral exploration Company AVZ Minerals Limited (ASX:AVZ) shared on Friday that trading in its ordinary shares started on the OTCQX Best Market on 13 January 2022 under the ticker code "AZZVF". The OTCQX Best Market is the highest market tier of OTC Markets, where around 11,000 United States (US) and global securities trade.  

To trade on OTCQX Best Market, eligible companies must meet high financial standards, follow best practice corporate governance, comply with US securities laws, be current in their disclosure and have a professional third-party sponsor. 

The OTCQX Best Market offers value and convenience to US investors, brokers and institutions seeking to trade AZZVF. The announcement revealed that US investors could find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

The stock AVZ was spotted trading 2.173% higher at AU$0.940 per share on ASX at 11:39 AM AEDT.

Commenting on this development, AVZ's Managing Director, Nigel Ferguson, said that AVZ has long recognised the opportunities provided by the North American capital markets. Ferguson added that with a burgeoning interest in the global lithium sector, the Company's majority-owned Manono Lithium and Tin Project generate significant investor interest.

About Manono Lithium and Tin project:

Manono Project hosts the world-class Roche Dure Mineral Resource of 400 million tonnes grading 1.65% Li2O, 715ppm Sn, 34ppm Ta and Reserves, to JORC 2012 standard, are quoted at 132Mt at 1.63% Li20. 

Manono Project is strategically placed as a clean, sustainable source of lithium, significantly contributing to the green energy transition, feeding the global lithium-ion battery value chain. With industry-leading ESG credentials, it is predicted to be one of the world's lowest carbon-emitting hard rock mines.

Bottom Line:

The Company believes that AVZ's admission to the OTCQX Best Market will benefit all its shareholders, enhance the visibility and accessibility of the Company to US investors, thus allowing the Company to grow its North American shareholder base efficiently.

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