DGAP-News

FYI Resources Ltd (ASX: FYI) (FYI or the Company) is pleased to announce the commencement by the Company in establishing a quotation on the 'over the counter' (OTC) market in the United States. - Seite 2

The increasing investor interest in the US for the EV sector and its supply chain commodities, including HPA, appears to be stimulated, in part, by President Biden announcing plans to replace the US Government's fleet of 645,000 vehicles with EVs* as part of the Democrat Party's sweeping $1.9 trillion post COVID stimulus funding and investment into supporting US industries including battery related development**.

Frankfurt Stock Exchange

FYI already trades on OTC markets on the Frankfurt Stock Exchange under code "SDL.F" and the Munich Stock Exchange under the code "SDL.M".

The Frankfurt and Munich listings have already provided valuable exposure for the Company to European investors. FYI has observed increased trading volumes through these platforms over the past several months with overall European based trading tripling.

The Frankfurt listing assists FYI's investor reach and increases its exposure to European investors. The Frankfurt Stock Exchange is the world's third largest exchange-trading market, behind the New York Stock Exchange and NASDAQ. More than 50% of the total trades on the Frankfurt Stock Exchange are conducted through investors in countries outside of Germany.

*Paul A. Eisenstein, NBC News contributor - January 27, 2021
**Siladitya Ray & Andrew Solender, Forbes Staff - February 5, 2021

For more information please contact:

Roland Hill Managing Director Tel: [phone] [e-mail]

Simon Hinsley Investor & Media Relations Tel: [phone] [e-mail]

 

About FYI Resources Limited
HPA is increasingly becoming the primary sought-after input material for certain high-tech products principally for its unique properties, characteristics and chemical properties that address that applications high specification requirements such as LED's and other sapphire glass products.

The longer-term driver for HPA, with forecasts of >17% CAGR*, is the outlook for the burgeoning electric vehicle and static energy storage markets where the primary function is in the use as a separator material between the anode and cathode in batteries to increase power, functionality and safety of the battery cells.