PERTH (miningweekly.com) – Uranium developer Bannerman Energy has started share trading on the OTCQX in the US, after having been upgraded from the OTCQB.
The company, which will continue to trade under the OTC market symbol BNNLF, said on Wednesday that the approval to trade on the OTCQX was a significant corporate milestone, and appropriately timed ahead of the definitive feasibility study for the Etango-8 project, in Namibia, which is due for completion in the December quarter.
“Bannerman’s upgrade to the OTCQX reflects our strategy to introduce the company to a broader international audience. The more highly regulated financial and corporate governance requirements of the OTCQX are attractive to many larger investors and specialist funds,” said Bannerman MD and CEO Brandon Munro.
“This recognition presents a timely progression for Bannerman, as we progress the definitive feasibility study evaluating the transition of our Etango-8 project from development to production.”