TORONTO (miningweekly.com) – Lithium hopeful Orocobre has received conditional approval from the TSX to list its shares on the exchange.

The company will trade under the symbol 'ORL', and Orocobre expects the shares will be admitted for trading on the TSX on or about June 15.

Orocobre's most developed asset is the Salar de Olaroz project, for which a definitive feasibility study is due for completion by the third quarter of 2010.

The company announced plans for a TSX listing in March, and said at the time it was seeking increased liquidity, as well as better access to the capital available in Toronto and a spot on the radar screens of analysts that follow lithium equities.

The firm will remain listed on the ASX and the company’s head office will continue to be located in Australia, it confirmed this week.

“Listing on the TSX will offer significant benefits to Orocobre shareholders, such as increased exposure to the global mining investment community, access to capital and enhanced liquidity,” MD Richard Seville commented.

“The TSX is one of the world’s pre-eminent exchanges for mineral resources companies and the strong initial response that we have received from Canadian investors has been particularly pleasing.”

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