AnorTech Transitions to OTCQB for Expanded U.S. Market Access

AnorTech Upgrades Its Listing to OTCQB Market

ANORTECH INC. (“AnorTech” or the “Company”) (TSX Venture Exchange “ANOR”; OTC “HUDRF”) has made an exciting move by obtaining approval for its common shares to trade on the OTCQB Venture Market under the symbol “ANORF.” This new step is set to take effect shortly. The transition aims to create a more seamless trading experience for shareholders located in the U.S., while also maintaining presence on the TSX Venture Exchange with its long-standing symbol ANOR.

Enhanced Access for Investors

In a statement, Jim Cambon, the President of AnorTech, expressed the company’s enthusiasm regarding this development. He remarked that this uplisting to the OTCQB will empower a wider range of investors within the U.S. markets to engage with AnorTech. Such accessibility is not just about facilitating investment; it is also intended to enhance liquidity and diversify the company’s shareholder base significantly.

U.S. Trading Platform Benefits

The OTCQB market, operated by the OTC Markets Group in New York, serves as a premier trading venue specifically tailored for early-stage and evolving companies, both U.S. and international. This platform has gained recognition from the U.S. Securities and Exchange Commission as a credible public market, providing investors who do not currently have access to the TSX Venture Exchange with the ability to trade AnorTech shares through regulated U.S. broker-dealers.

Commitment to Sustainable Technology

AnorTech is committed to pushing the boundaries of sustainable technologies using anorthosite (which is calcium aluminum silicate). Notably, the company holds a 100% interest in a substantial resource of anorthosite located in Greenland at the Gronne Bjerg project. With rapid progress towards commercializing a zero-waste smelter grade alumina product and a CO2 free refractory cement, AnorTech is positioning itself at the forefront of sustainable industry practices.

Advancements in Rare Earth Elements

Additionally, AnorTech boasts a 5% carried interest in the advanced Sarfartoq rare earth element project in Western Greenland. This project was sold to Neo Performance Materials in the previous year, showcasing the company's strategic navigation through valuable opportunities in the rare earth sector.

Looking Ahead

As AnorTech forges ahead with its plans, the uplisting to the OTCQB stands as a testament to the Company’s growth aspirations and its strategic roadmap towards broader market engagement. Investors and stakeholders can expect a more dynamic trading environment, marked by increased visibility and enhanced prospects for engagement with this cutting-edge company.

Frequently Asked Questions

What prompted AnorTech to upgrade to the OTCQB?

The upgrade aims to provide U.S. investors with easier access to trading AnorTech shares, thereby enhancing liquidity and diversifying the shareholder base.

What is the significance of the OTCQB market?

The OTCQB is recognized as a credible marketplace for early-stage and developing companies, offering regulated trading options to investors in the U.S.

What technologies is AnorTech focused on?

AnorTech is primarily focused on sustainable technologies made from anorthosite, as well as zero-waste alumina and CO2 free refractory cement products.

Where is AnorTech's anorthosite project located?

AnorTech holds a significant anorthosite resource at the Gronne Bjerg project in Greenland.

What is AnorTech's involvement in rare earth elements?

AnorTech has a 5% carried interest in the Sarfartoq rare earth element project, showcasing its active involvement in valuable resource sectors.

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