OTC Markets Group Welcomes Bannerman Energy Ltd to OTCQX
NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) -- (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced (ASX: BMN; OTCQX: BNNLF), a company which engages in exploration and development of uranium properties in Namibia, Southern Africa, has qualified to trade on the OTCQX® Best Market. Bannerman Energy Ltd upgraded to OTCQX from the OTCQB® Venture Market.
Bannerman Energy Ltd begins trading today on OTCQX under the symbol “BNNLF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on .
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Bannerman Managing Director and CEO, Brandon Munro said, “Bannerman’s upgrade to the OTCQX® Best Market 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. 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.”
About Bannerman Energy Ltd
Bannerman Energy Ltd is a uranium development company listed on the Australian and Namibian stock exchanges and traded on the OTCQX Market in the US.
Its flagship asset, the advanced Etango Uranium Project located in the Erongo Region of Namibia, Southern Africa, is one of the largest undeveloped uranium assets in the world. With all environmental permits in place for development and having published its Pre-Feasibility Study (PFS) in August 2021, the Company is now well advanced towards completing a Definitive Feasibility Study (DFS) in Q4 CY 2022.
Bannerman also holds a 41.8% shareholding in Namibia Critical Metals Inc, the developer of the fully permitted Lofdal Heavy Rare Earths Project, one of the very few development projects outside China that offer substantial future production of dysprosium and terbium.
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