Global Energy Metals Corporation (CVE:GEMC) (OTCPINK: GBLEF) (FRA:5GE1) said it has submitted its application to trade its shares on the OTC Venture Market (OTCQB) in the US.
The company believes that trading on the OTCQB market will enhance liquidity, as well as increase the company's visibility in the US capital markets.
In a statement, Global Energy Metals CEO Mitchell Smith said: “This will be a timely milestone for the company as we continue to grow and develop a multi-jurisdictional US footprint for battery metals such as copper, cobalt and nickel.”
“We believe that the company is in the ideal position to trade on the OTCQB Market and gain the increased visibility that the OTCQB provides,” he added.
Global Energy Metals owns an 85% interest in the Lovelock Mine and Treasure Box cobalt, nickel, and copper projects in Nevada. The Nevada projects are also located just 150 kilometres east of Tesla Inc’s (NASDAQ:TSLA) (FRA:TL0) Gigafactory 1, the world’s largest battery factory.
As well, its 100%-owned, exploration-stage Millennium cobalt project in Australia is a promising cobalt-copper deposit of “significant” size that remains open for expansion. Also in Australia is the company’s 100%-owned Mount Isa cobalt-copper-gold projects.
Global Energy's stock is currently traded on the OTC Pink Sheets under the symbol GBLEF. The Vancouver, British Columbia-based junior holds interests in several precious and battery metals projects globally and will continue to trade on the TSX Venture Exchange, as well as on the Frankfurt Exchange.
The OTCQB, also called "The Venture Market," is the mid-tier of the over-the-counter (OTC) market for early stage and developing US and international companies. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation. The OTCQB trading platform is operated by the New-York based OTC Markets Group.
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