Trigg Minerals Plans Name Change As It Mulls NASDAQ Dual Listing, Shares Reach Record High

MT Newswires Live
Oct 10

Trigg Minerals (ASX:TMG) said it plans to change its name to "American Tungsten and Antimony," and it continues to consider a dual listing on the NASDAQ, with the Australian Securities Exchange (ASX) remaining as its primary exchange to be the best pathway forward, according to a Friday Australian bourse filing.

The name change is subject to shareholder approval, which it will seek at its annual general meeting in November.

It is advancing its proposed NASDAQ listing in the US, and it is mulling several potential courses of action, including a dual listing with the ASX as its primary exchange, a full redomiciliation to establish a NASDAQ primary listing, or a potential reverse merger with a special purpose acquisition company (SPAC).

It received several preliminary, non-binding, and early-stage indicative proposals, as well as conditional term sheets or letters of intent from US-based SPACs exploring a potential business combination via merger through the asset sale of the Antimony Canyon project in Utah.

Trigg also received interest in its Tennessee Mountain tungsten project in Nevada.

Its shares jumped 7% in early trading on Friday and earlier reached their all-time high.

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