Majestic Corporation is taking steps to expand its investor base. The UK-listed e-waste and precious metals recycling firm has filed for a cross-listing on America’s OTCQB Market—a move that could unlock fresh capital from investors across the Atlantic and beyond.
The application is in its final stages. Pending approval, Majestic’s shares will become accessible to North American and Asia-Pacific investors, markets where the sustainable metals specialist already operates and has a network of suppliers and customers.
Majestic said more details will follow once the listing receives the green light.
“We are delighted to be in the process of joining the OTCQB Market and allowing US Investors the chance to become shareholders in Majestic and in the future of the Circular Economy,” said Peter Lai, Founder, CEO and Chairman of Majestic.
“We anticipate this will also enable potential investors in the Asia-Pacific region to invest. We remain confident that our strategic focus will continue to drive profitability, create long-term shareholder value and continue to secure the supply of critical and precious metals for economies worldwide and for future generations.”
The news of the OTC listing comes as Majestic ramps up its UK growth strategy with plans to launch a new 50,000 sq. ft. facility in Wrexham.
Majestic has set itself a target of processing 100,000 tonnes of material by 2030, representing a sharp increase from the 30,000 tonnes processed last year.