Diablo Resources (ASX:DBO) expands U.S. critical minerals strategy with OTCQB listing

Diablo Resources (ASX:DBO) is taking a decisive step in its U.S. expansion strategy with a dual listing on the OTCQB market, positioning the company to capture growing investor interest in North America’s push for critical mineral supply chain security.

The move complements its recent acquisition of the high-grade Star Range Silver-Antimony Project in Utah and signals a stronger commitment to building a diversified U.S.-focused portfolio of battery and defence-critical metals.

Highlights

• Secondary listing on the U.S. OTCQB Market to expand North American investor access

• Follows the $2 million acquisition of the high-grade Star Range Silver-Antimony Project in Utah

• Strengthens Diablo’s position within U.S. critical minerals policy frameworks including the Defence Production Act and FAST-41

• Ongoing drilling and assays at the Phoenix Copper Project, Utah

• Next steps include OTCQB registration finalisation, Star Range field programs, and additional U.S. critical mineral opportunities

The OTCQB listing represents a natural progression for Diablo, aligning its corporate and exploration activities with America’s strategic focus on securing domestic supplies of essential minerals such as copper, silver, and antimony.

These commodities are increasingly prioritised under U.S. legislation due to their role in energy storage, defence technology, and advanced manufacturing.

In early October, Diablo completed a $2 million capital raise to fund the 100 per cent acquisition of the Star Range Project, where historical sampling has recorded surface results of up to 8,760 grams per tonne silver and greater than 1 per cent antimony.

The project lies within Utah, a Tier-1 mining jurisdiction with an established permitting regime and strong infrastructure access, providing a solid foundation for the company’s U.S. expansion.

Alongside Star Range, the Phoenix Copper Project remains a central focus, with drilling at the Fair Dinkum Prospect expected to commence shortly and pending assay results from the maiden drilling program due.

Together, these projects give Diablo Resources exposure to multiple commodities identified as strategically important to U.S. energy transition and defence objectives.

Non-Executive Chairman Paul Lloyd said the dual listing was a key enabler for growth.

“Listing on the OTCQB is a major milestone for Diablo as we accelerate our U.S. growth strategy. With our recent acquisition of the Star Range Project and ongoing work at the Phoenix Copper Project, Diablo is building a high-quality U.S. critical minerals portfolio that aligns directly with America’s domestic supply chain objectives.”

The OTCQB platform also enhances corporate transparency and compliance by aligning Diablo with both ASX and U.S. disclosure standards.

It opens direct channels to U.S. institutional investors and funds that support the federal government’s critical mineral initiatives, while maintaining liquidity and trading of existing ASX-listed shares.

The company’s next phase of activity includes finalising OTCQB registration, mobilising field programs at Star Range, progressing the Phoenix assays, and evaluating additional acquisition or joint venture opportunities across the U.S. critical minerals sector.

For investors tracking the evolution of Australia’s mid-tier explorers into the North American market, Diablo’s methodical expansion underlines a strategic response to geopolitical and industrial shifts driving demand for secure, ethically sourced metals.

With its Utah assets advancing and access to U.S. capital markets now in motion, the company is well positioned to build relevance in the global supply chain conversation.

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