Rodinia Minerals (TSX-V: RM, OTCQX: RDNAF) expanded its potential investor base as the company's common shares began trading on the Pink OTC Market's OTCQX International. To support the listing, Hodgson Russ LLP, will serve as Rodinia's Principal American Liaison (PAL) on OTCQX regulatory matters, providing guidance on listing requirements.
"We are pleased to be able to better serve the growing number of U.S. investors following Rodinia with the enhanced U.S.-based trading platform offered by OTCQX and the advisory services offered by Hodgson Russ LLP", Rodinia's President and CEO David Stein said."
OTCQX is the highest tier of the US OTC market.
The OTCQX and Pink Sheets markets are, by dollar volume, the third largest US liquidity pool for trading public company shares, after the NASDAQ and the New York Stock Exchange.
Rodinia is currently exploring its 100% owned Clayton Valley lithium project in Nevada, USA, which surrounds the only lithium-brine producer in North America. On its flagship property, a drilling program will test the extensive lithium-bearing aquifers. In December Rodinia said the aquifers in the Clayton Valley have many characteristics that place it among the best and most economical lithium bearing basins in the world.
The company has also been adding to its exploration footprint with acquisitions in South America. Most recently in January Rodinia acquired three lithium projects in Argentina from Rio Tinto (LSE, ASX: RIO) for US$2.9 million, plus certain future production royalties.
Last week, Rodinia appointed Mark Eaton, an experienced investment professional, to the company's board of directors. The company said that Eaton will be instrumental in providing financial guidance as it continues its strategy of becoming a high-grade, low-cost producer of lithium carbonate. Eaton is a former managing director of CIBCs Global Mining Sales division, and he was most recently a partner and director of Loewen Ondaatje McCutcheon Ltd, a Toronto-based investment dealer. Rodinia said the new director has over twenty years finance experience, specialising in the resource sector.
Disclosure: The author holds no positions in the company