Power Minerals (ASX:PNN) commences U.S. OTCQB listing to capture growing investor demand

Power Minerals Limited (ASX:PNN) has commenced the process to list on the U.S. OTCQB Venture Market in response to a surge in interest from North American investors following the company’s announcement of its proposed acquisition of the Gamma Heavy Rare Earths and Uranium Project in California.

Managing Director Mena Habib discusses what this dual listing means for Power Minerals, its shareholders, and the company’s broader ambitions in the global critical minerals sector.

What is the main reason for Power Minerals pursuing an OTCQB listing?

The decision to pursue an OTCQB listing follows a strong increase in interest from U.S. investors since the announcement of the proposed acquisition of the Gamma Project in California.

Many investors in North America recognise the importance of heavy rare earth elements, which are less common and often more valuable than light rare earths, and the Gamma Project’s proximity to the Mountain Pass Mine, the only operating rare earth mine in the United States adds to its strategic appeal.

“Listing on the OTCQB Market aligns with our vision of becoming a globally recognised developer of heavy rare earths in the United States.”

The listing enables U.S. investors to access Power shares directly through familiar trading platforms, while also giving the company exposure to one of the world’s largest and most active capital markets.

It represents a deliberate and well-timed step towards establishing Power Minerals as a recognised participant in the global heavy rare earths industry and aligns with rising demand for secure, transparent, and independent critical minerals supply chains.

How will the OTCQB listing benefit existing shareholders on the ASX?

For existing shareholders, the OTCQB listing provides a series of clear benefits that extend beyond improved visibility.

By opening access to U.S. institutional and retail investors, Power’s shareholder base will broaden, creating the potential for increased liquidity and improved price discovery.

It also allows investors in the United States to trade Power shares during their local market hours, complementing ASX trading and improving accessibility across time zones.

This step also serves as a pathway to a potential future uplisting to the NASDAQ or NYSE American, once eligibility requirements are met.

For investors, the move enhances Power’s standing among global peers and positions the company within a growing cohort of ASX-listed resource companies that have successfully established U.S. listings to capture international investor interest.

How does the Gamma Project position Power Minerals in the U.S. critical minerals landscape?

The Gamma Project places Power Minerals in a strategically important position within the U.S. critical minerals landscape. Situated in San Bernardino County, California, the project lies within reasonable proximity to the Mountain Pass Mine and benefits from established infrastructure including direct highway access.

The project area has not been drilled for almost 50 years, and while historical exploration primarily focused on uranium through radiometric analysis, recent sampling has identified high concentrations of heavy rare earth elements.

“Since announcing the potential acquisition of the Gamma Project, we have seen increasing interest from U.S. institutions and retail investors in the Gamma Project, which is located in the same region as the MP Materials project.”

These elements are essential to technologies such as electric vehicles, wind turbines, and advanced defence systems.

By exploring carbonatite and related rock systems, Power aims to uncover new zones of mineralisation and contribute to strengthening domestic supply of heavy rare earths in line with U.S. policy objectives to secure critical resources.

What role will Ellis Martin play in Power’s U.S. expansion strategy?

Power Minerals has appointed Ellis Martin as its U.S. Corporate Advisor to lead engagement with investors and institutions across North America.

Ellis has extensive experience working with ASX-listed and U.S.-based critical minerals companies and is widely known for hosting The Ellis Martin Report and Money Talk Radio. Both programs are globally syndicated and reach audiences through Bloomberg, Dow Jones, Apple Stocks and News, and South Florida’s Money Talk Radio.

“Ellis Martin’s industry insights and extensive networks within U.S. capital markets will play a key role in expanding PNN’s North American shareholder base and enhancing its visibility among American investors.”

Through this appointment, Power gains access to a significant platform for investor outreach, enabling the company to communicate its story to a larger and more diverse audience while building strong relationships within the U.S. market.

What are the next steps following the announcement of the OTCQB listing process?

Power has officially commenced the OTCQB listing process and is working through the necessary compliance and registration steps to finalise approval.

Once complete, U.S. investors will be able to trade Power shares directly in their own currency and time zone.

In parallel, the company will continue advancing the acquisition of the Gamma Project and exploring opportunities to engage with U.S. government agencies for potential support programs, including federal funding and the FAST-41 permitting process, which aims to streamline approvals for strategically important projects.

Power also joins a growing group of ASX-listed companies, such as Resolution Minerals, Dateline Resources, MTM Critical Metals, Trigg Minerals, Locksley Resources, and Sayona Mining that have established dual listings to leverage U.S. capital markets and strengthen their international investor base.

“With favourable market sentiment and rising strategic interest in secure supply chains for rare earths generally, PNN is well positioned to offer U.S. investors access to what we consider to be an exciting potential heavy rare earth project.”

Positioning Power for global growth

The OTCQB listing marks a defining moment for Power Minerals as it strengthens its visibility in the United States while continuing to progress its critical minerals portfolio across Argentina, Brazil, and Australia.

The move increases accessibility for global investors, enhances liquidity, and reinforces the company’s strategy of building long-term value through responsible exploration and development in key jurisdictions.

Managing Director Mena Habib said the listing complements Power’s broader objective of positioning itself as a leader in the development of high-value critical minerals projects that support both shareholder returns and the global transition towards secure, sustainable supply chains.

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