Published
March 03, 2025
Region
North America
client
Oceanthemes
Lexington Gold Begins Trading on the OTCQB Venture Market
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Lexington Gold Ltd (AIM: LEX), a gold exploration and development company with projects in the United States and South Africa, has announced that its common shares have commenced trading on the OTCQB Venture Market in the United States under the ticker symbol “(OTCQB: LEXLF).” The company will maintain its primary listing on AIM, part of the London Stock Exchange.
The decision to list on the OTCQB reflects growing interest from U.S.-based investors in Lexington Gold’s diversified portfolio of gold assets, including its Jelani Joint Venture with Harmony Gold (NYSE: HMY), a leading South African gold producer. The OTCQB platform is designed to enhance visibility and liquidity for international companies, making it easier for U.S. investors to trade Lexington Gold shares.
Key Highlights of the OTCQB Listing:
Lexington Gold’s common shares are now trading on the OTCQB market under the ticker code LEXLF.
The listing aims to improve liquidity and accessibility for U.S. investors while enhancing price discovery and trading volumes.
No new shares have been issued as part of this listing, and it does not impact the company’s existing AIM quotation.
Lexington Gold will continue to comply with all AIM regulatory requirements.
The company plans to complete the second phase of this process—obtaining Depository Trust Company (DTC) eligibility—in the next 2–3 months, which will further facilitate trading by U.S. brokers.
CEO Bernard Olivier’s Statement:
“We are thrilled to have our shares approved for trading on the OTCQB market. With our high-quality gold assets in both the U.S. and South Africa, we’ve seen increasing interest from North American investors. This additional listing enhances our visibility and accessibility in the U.S., and we expect liquidity to improve further once DTC eligibility is secured.”
Why This Matters for Investors:
The OTCQB listing allows Lexington Gold to broaden its shareholder base by providing U.S. investors with a more efficient way to access its shares through regulated brokers. The move is expected to increase trading volumes while maintaining transparency and adherence to AIM’s regulatory standards. Importantly, this listing does not add any additional compliance burdens under U.S. securities laws.
About Lexington Gold’s Portfolio:
Lexington Gold’s asset portfolio includes promising gold exploration and development projects in two strategic mining jurisdictions—the United States and South Africa. One of its flagship ventures is the Jelani Joint Venture with Harmony Gold, a dual-listed South African gold producer with a strong presence on both the New York Stock Exchange (NYSE) and Johannesburg Stock Exchange.
About Amvest Capital:
The company partnered with Amvest Capital Inc., a New York-based investment firm specializing in natural resources, to facilitate this two-stage process. Amvest focuses on providing capital and strategic guidance to companies in mining, oil, gas, and other extractive industries.
This milestone marks an important step in Lexington Gold’s strategy to expand its investor base while leveraging its diversified portfolio of high-quality gold assets across key global markets. Further updates regarding DTC eligibility are expected in the coming months.
