TNT Mining mulls North America dual listing

18th June 2020 By: Simone Liedtke - Creamer Media Social Media Editor & Senior Writer

ASX-listed TNT Mining is looking into the possibility of further trading liquidity and addressing offshore demand by seeking a quotation to trade on the OTCQB Venture and/or the OTCQB Best Market in North America.

The company’s board does not intend to issue further securities as part of any plan to seek quotation on these platforms.

This move follows increasing levels of inbound international enquiries and investor interest from North America, and coincides with the company’s announcement last month that it would acquire the high-grade East Canyon uranium/vanadium project in the US.

TNT Mining completed the acquisition in the prolific Dry Valley/East Canyon mining district of south-east Utah on June 16.

With the company’s acquisition of Vanacorp Aust, and wholly-owned US subsidiary Vanacorp US, TNT has a new asset in the East Canyon uranium and vanadium project, along with a new director in Peter Woods.

Regulatory changes announced recently by the US government, as well as supply cuts and positive price action in uranium, have generated significant interest in the US uranium thematic, with limited opportunities to invest in US-based uranium projects.