NEW YORK, July 05, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), the operator of regulated marketplaces trading 12,000 U.S. and international securities, today announced that Sovereign Metals Limited (ASX: SVM; AIM: SVML; OTCQX: SVMLF), a future critical minerals supplier, has qualified to trade on the OTCQX® Best Market. Sovereign Metals Limited has been upgraded from the Pink® Market to the OTCQX.
Sovereign Metals Limited will begin trading today on the OTCQX under the symbol “SVMLF.” U.S. investors can view the company’s latest financial disclosures and real-time Level 2 quotes at www.otcmarkets.com.
Upgrading to the OTCQX market is an important step for companies looking to provide transparent trading to U.S. investors. For companies listed on recognized international exchanges, streamlined market standards allow them to utilize their home country market reports to disclose information in the U.S. To qualify for the OTCQX, companies must demonstrate that they meet high financial standards, follow best practice corporate governance, and comply with applicable securities laws.
Frank Eager, Managing Director of Sovereign Metals Limited, commented: “We are pleased to have been promoted to the OTCQX, the top tier of the OTC market, and look forward to further engaging with US investors who can now invest directly in Sovereign, a future supplier of critical minerals.”
About Sovereign Metals Limited
Sovereign Metals Limited is focused on becoming the market leader in supplying the global market with two critical minerals: titanium in the form of rutile and graphite. Rutile is the purest and highest quality natural titanium dioxide (TiO2) and is the preferred feedstock for the manufacture of titanium pigments and the production of titanium metal. Titanium is essential to a variety of industries including aerospace, defense, pigments, medical and consumer technology. Graphite is vital to the energy transition as the largest component of lithium-ion batteries. Currently, China holds a monopoly on the supply of both critical minerals. Sovereign’s wholly owned Tier One Cassia Rutile Graphite Project is located in Malawi, South East Africa, and is known for both the world’s largest rutile deposit and the second largest flake graphite deposit. Sovereign has already identified through numerous technical studies that the Cassia Project has the potential to become the world’s largest and lowest cost producer of rutile and graphite and is currently conducting optimization studies. Sovereign’s strategic investor, Rio Tinto, one of the world’s largest and most established global mining companies, provides ongoing technical and marketing support and advice to Cassia. Sustainability is a core pillar of Sovereign’s strategy and Cassia has the lowest greenhouse gas emissions of any premium titanium feedstock and graphite producer.
About OTC Markets Group Inc.
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