Bullish indicating open at $55-$60, IPO prices at $37
TUCSON - G50 Corp Limited (ASX:G50; OTCQB:GFTYF), a $19.9 million market cap mining exploration company showing strong momentum with a 22.58% gain last week, commenced trading on the OTCQB platform Wednesday, as it seeks to expand its North American investor base.
The Australian-listed company, which focuses on exploration in the southwestern United States, currently has approximately nine percent U.S. ownership. According to InvestingPro analysis, G50 maintains a strong financial position with a current ratio of 14.09 and minimal debt-to-equity of 0.02. The cross-listing decision comes as the company develops its Golconda Project in Arizona, which it describes as potentially the only publicly-traded gallium project in the United States.
"Being on the OTCQB provides U.S. investors a direct means to invest in our Golconda Project," said Mark Wallace, Managing Director/CEO of G50, in a press release statement.
The timing coincides with increased U.S. government focus on securing domestic sources of critical minerals, particularly gallium, which is used in various applications including AI data centers, electric vehicles, and defense. Recent presidential executive orders have emphasized strengthening America’s critical minerals supply chain.
G50’s Golconda Project includes both patented and unpatented mining claims. The company noted that interest in mineral projects in the southwestern United States has increased recently, with larger mining entities such as BHP and Rio Tinto active in the region.
The company’s cross-listing follows growing concerns about gallium supply from China, as U.S. manufacturers seek more reliable domestic sources of the mineral. InvestingPro subscribers can access additional insights about G50’s financial health score of GREAT (3.01) and explore comprehensive analysis of other critical minerals companies in the sector.
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