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American Pacific Borates (ASX: ABR) goes public on the US – The Market Herald

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  • The American Pacific Borates (ABR) is further listing on the Nasdaq Exchange, scheduled for early 2022.
  • The company strengthened its balance sheet by $ 37 million last week. This funding will provide ABR with sufficient funding to complete all the activities proposed in 2022.
  • ABR shares will continue to trade on ASX throughout December and will be as close as possible to the Nasdaq listing, which will be converted to 5E Advanced Materials.
  • In today’s market, ABR is down 4.62%, trading at $ 2.27 per share.

The American Pacific Borates (ABR) has further advanced its listing on the Nasdaq Exchange, scheduled for early 2022.

The company has strengthened its balance sheet $ 37 million last weekThis funding guarantees that ABR will be fully funded to complete all the activities proposed in 2022.

Part of the funding will be used to advance engineering work, complete a bankable feasibility study, and pursue the construction of the Fort Caddy Integrated Boron Facility in Southern California, USA.

ABR is Scheduled to be listed Listed in the United States in mid-December last year.

Recently, the company said the secondary listing will be through a direct listing on Nasdaq. 5E Advanced Materials Buys ABR ABR renames it to 5E Advanced Materials.

ABR shares will continue to trade on ASX throughout December and will be as close as possible to the Nasdaq listing, which will be converted to 5E Advanced Materials.

Commenting on the progress, CEO Henri Tausch said there are many positive workloads that are converging to support the listing in the United States.

“We have a value-driven market capitalization by placing ourselves in a market with a significantly larger capital pool for more obvious peers and investment opportunities in future-facing products that support the global market. We are implementing a cautious strategy that we believe will support reassessment. Decarbonization and broader ESG ambitions. ”

In today’s market, ABR is down 4.62%, trading at $ 2.27 per share at 11:53 AM AEDT.



American Pacific Borates (ASX: ABR) goes public on the US – The Market Herald

Source link American Pacific Borates (ASX: ABR) goes public on the US – The Market Herald

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