Blue Star Helium goes live with Wall Street investors as trading on OTC Markets platform begins in New York
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Trading for Aussie Blue Star has officially kicked off on the OTCQB platform under the ticker “BSNLF”, providing US investors direct access to investment in Blue Star.
The OTCQB market is a U.S. trading platform structured to provide live‐market trading during North American business hours for early‐stage and developing companies that may hold primary listings in non-US markets.
Explorer – and soon to be producer – Blue Star Helium (ASX:BNL) says a listing on the OTCQB market provides “increased accessibility for North American domiciled investors to the company’s shares” and delivers potential for enhanced overall liquidity in the trading of Blue Star.
“This is particularly relevant given the helium market and investor base in the United States is the largest globally – and our asset portfolio is focused in the United States,” managing director and CEO Trent Spry said.
“The current supply constrained market conditions, which are well publicised and expected to persist, have increased investor interest in helium focussed exploration companies like Blue Star and listing on the OTCQB allows U.S. investors to take advantage of these market conditions.”
Recent reports have highlighted a supply-demand imbalance is beginning to unfold in the helium space, which means a growth opportunity for any exploration company that can show potential for new helium discovery.
While helium is an essential commodity, a lack of supply means we could be on verge of a critical shortage.
At the end of January, BNL said it was ready to start drilling at its maiden Enterprise 16#1 well after receiving the first approved permit to drill for a helium well in Colorado since changes to the State permitting landscape were enacted.
It also marks the first approved drilling application of any type in Las Animas County since then.
Plans are in place for drilling to go ahead in February, with budgeted dry-holes costs at less than US$300,000.
This article was developed in collaboration with Blue Star Helium, 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.