Metallium (ASX:MTM) started the process of establishing an American depositary receipt (ADR) program in the US and seeking quotation of its ADRs on the Nasdaq, according to a Monday filing with the Australian bourse.
The company will introduce a sponsored ADR program trading on the US over-the-counter market, and then progress toward a level two Nasdaq listing in the third quarter of 2026 while maintaining its primary listing on the Australian Securities Exchange, the filing said.
Metallium shares rose nearly 1% in morning trade Monday.
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