Neometals Ltd (ASX:NMT) has been admitted to the Nasdaq International Designation which supports companies in innovative industries.
The company’s Level 1 American Depository Receipts (ADRs) have traded in the US over the counter (OTC) market since 2010.
As the ADRs have met requisite standards, Neometals has been admitted to the Nasdaq International Designation.
The program is for non US-based companies that have Level 1 ADRs or shares that trade in the OTC market.
It provides member companies with full service from Nasdaq including investor relations and greater access to US investors.
Members come from Australia, Japan, Germany, Brazil, Canada, the UK and the Netherlands.
Neometals wholly owns the Barrambie Titanium Project and has a 13.8% interest in the Mt Marion Lithium Project, both in Western Australia.
The company has also developed technology to enhance production of its specialty metals.