Red Mountain Mining (ASX: RMX) has been approved to list on the US mid-tier OTCQB stock exchange and has already demonstrated strong pre-listing secondary market activity with robust initial trading volumes and investor engagement.
The company’s US-based markets advisory team ensured all requirements and regulatory approvals had been satisfied, with a number of experienced market specialists and investor engagement advisors also supporting the listing.
The new listing will provide direct trading access for US retail and institutional investors and improved visibility within the US critical minerals strategic partnership network, while also offering strategic positioning alongside US-listed peers in the critical minerals sector and the potential to attract specialised US resources investors.
Tier-1 Antimony Portfolio
Red Mountain’s ++Yellow Pine++, ++Utah++ and ++Silver Dollar++ antimony projects are located in Tier-1 mining districts near to high-value, major developments.
These include Perpetua Resources' Stibnite project in Idaho and Trigg Minerals’ (ASX: TMG) Antimony Canyon project.
In Australia, the company has made significant progress at its ++Armidale antimony-gold project++ in New South Wales.
The project is located west of Larvotto Resources’ (ASX: LRV) Hillgrove project, which is currently Australia’s largest antimony deposit and the target of a recent takeover bid by United States Antimony Corporation.
Critical Metals Shortage
Red Mountain is looking to build a portfolio of assets to leverage what experts have referred to as an “unprecedented critical shortage” of strategic metals supply from Western mining companies.
The company has engaged in discussions with strategic partners to advance its critical minerals assets following a $355 million commitment by the US Department of Energy to advance and scale the sector’s mining, processing, and manufacturing technologies.
The recent signing of a ++Critical Minerals Framework++ agreement between the US and Australia will see the nations commit at least US$1 billion each over the next six months to a pipeline of critical minerals projects.
At the same time, the resolution of the recent 43-day US government shutdown — the longest in the nation’s history — has provided the company with increased clarity and momentum for its US expansion strategy.
