American West opens investment pool with OTCQB listing

American West has expanded its pool of potential investors with the quotation of its shares on the US OTCQB platform.

This provides access to a broad network of sophisticated and retail investors in North America, and with fewer additional compliance requirements compared to listing on traditional major exchanges.

Shares in American West Metals (ASX:AW1), which is focused on projects in the US and Canada, will trade under the symbol AWMLF.

“With significant mining projects located in the United States and Canada, we are very pleased to enhance our visibility and accessibility to North American individual and institutional investors through the OTCQB quotation,” managing director Dave O’Neill said.

“The tremendous exploration results achieved at our copper and zinc projects this year have attracted strong investor interest from the North American market and we are delighted that the OTCQB listing will provide us an opportunity to more closely engage with these investors.

“With the increasing focus in the United States on sourcing supplies of critical energy metals from approved jurisdictions, American West Metals is ideally positioned to meet this demand with our portfolio of advanced copper and zinc assets in Utah and Nunavut.”

Recent successes

American West recently confirmed a significant discovery at its Storm copper project on Somerset Island, Nunavut, after drilling highlighted sediment hosted copper and zinc sulphide mineralisation below the near-surface high-grade deposits at the project.

The results validate its geological model that the extensive near-surface high-grade copper mineralisation at Storm is associated with a much larger sedimentary copper deposit at depth.

Drilling at the West Desert deposit in Utah has also intersected high-grade mineralisation and raised the possibility that it has found a lookalike to the Rio Tinto’s world-class Bingham Canyon mine about 130km to the northeast.

This article was developed in collaboration with American West Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.