Power Minerals Targets US Investors with OTCQB Listing Amid Rare Earths Surge

Strategic US Listing to Capitalise on Rare Earths Demand

Power Minerals Limited (ASX, PNN) has announced it is commencing the process to list on the US OTCQB market, a move driven by a surge of interest from North American investors. This follows the company’s recent acquisition of the Gamma Heavy Rare Earths and Uranium Project in California, a site strategically located near the Mountain Pass Mine; the only operating rare earth mine in the United States.

The Gamma Project’s focus on heavy rare earth elements (HREE), which are rarer and more valuable than their light counterparts, has captured the attention of US institutions and retail investors alike. Given the geopolitical importance of securing critical mineral supply chains, especially amid tightening Chinese export restrictions, Power Minerals’ US listing is well timed to attract capital from a market increasingly focused on strategic resources.

Unlocking US Capital and Market Visibility

Listing on the OTCQB will provide Power Minerals with direct access to one of the world’s most active and well-capitalised investment markets. This dual listing strategy is expected to improve liquidity by broadening the investor base and enabling trading during US market hours, complementing activity on the Australian Securities Exchange.

Managing Director Mena Habib highlighted the alignment of this move with the company’s vision to become a globally recognised heavy rare earth developer in the US. The listing also opens the door to a potential uplisting to a major US exchange such as NASDAQ, which could further enhance the company’s profile and funding opportunities.

Expert Guidance and Peer Validation

To support its US growth strategy, Power Minerals has appointed Ellis Martin as its US Corporate Advisor. Martin’s extensive experience and media presence in the mining and critical minerals sectors are expected to boost the company’s visibility and investor engagement in North America.

This move places Power Minerals among a growing cohort of ASX-listed critical minerals companies pursuing dual listings to capitalise on US market interest. The proximity of the Gamma Project to the Mountain Pass Mine, combined with recent market dynamics, positions Power Minerals to benefit from heightened strategic and investor focus on rare earth elements.

Gamma Project’s Untapped Potential

The Gamma Project has not seen drilling activity for nearly 50 years, but recent sampling indicates promising concentrations of heavy rare earth elements and uranium. Its direct highway connection to Mountain Pass provides valuable infrastructure support, potentially accelerating development timelines. The project’s focus on carbonatite and related rocks, previously unexplored in the area, could unlock new discoveries in heavy rare earths, a critical component for advanced technologies and clean energy applications.

As Power Minerals advances its US listing and exploration efforts, the company is well positioned to capture growing demand for secure, domestic sources of critical minerals in the United States.