Red Mountain Mining to List on OTCQB Market as US Interest Continues to Grow

Core Viewpoint - Red Mountain Mining is advancing towards a listing on the OTCQB equity market, aiming to enhance its market presence and attract US investors [1][5]. Company Developments - The company has pursued an aggressive acquisition strategy, securing antimony assets in key mining districts, including Yellow Pine, Utah, and Silver Dollar, which are near significant projects like Perpetua Resources' Stibnite project [2]. - Progress has been made at the Armidale antimony-gold project in New South Wales, located near Australia's largest antimony deposit, the Hillgrove project [3]. Market Positioning - Increased interest from US investment banks is expected to create value-accretive opportunities for the company [4]. - The planned listing will align Red Mountain with US peers in the critical minerals sector, potentially improving valuation metrics and attracting specialized US investors [5]. Strategic Alignment - The move is anticipated to enhance the company's alignment with the US government's initiative to secure a domestic supply of critical minerals, particularly antimony [6]. Industry Context - Approximately 90% of global antimony production is controlled by China, Russia, and Tajikistan, posing supply risks for Western nations [7]. - The recent export ban from China has led to acute supply shortages, with antimony prices reaching US$60,000 per tonne, prompting the US government to issue emergency declarations and allocate significant funding for domestic production [8].