Almonty (ASX:AII) is planning to change its jurisdiction of incorporation from Canada to the State of Delaware in the US, while maintaining its listings on the Toronto Stock Exchange and the Australian Securities Exchange, citing the importance of the US in its strategic positioning, according to a Monday filing with the Australian bourse.
The move aligns its corporate structure with the location of a significant portion of its shareholder base and enhances its ability to access key US markets, the firm's chief executive Lewis Black said.
The change was unanimously approved by the firm's board and executive management team and remains subject to court, shareholder, and regulatory approvals.
The move is expected to be completed during the first quarter.
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