Alkane is pleased to announce the successful establishment of its Sponsored Level 1 American Depositary Receipts (‘ADR’) program, which is designed to increase Alkane’s exposure and attractiveness to North American investors.
A Sponsored Level 1 ADR offers investors a simple, regulated United States (‘US’) dollar-denominated security, traded through a US clearing system. The establishment of the ADR program is not a new offering of securities; therefore, no additional shares will be issued or any capital raised.
The program became available for trading in the US on 11 February 2026 and will trade in the US over the counter (‘OTC’) market under the symbol ALKRY. One Alkane ADR represents 10 Alkane ordinary shares.
The Bank of New York Mellon (‘BNYM’) has been appointed depositary bank for the program. BNYM facilitates the issuance and cancellation of ADRs in accordance with the instructions received from market participants. The ADR program operates in accordance with a deposit agreement, lodged with the US Security and Exchange Commission and for each ADR issued, the respective underlying Alkane ordinary shares are held in custody by BNYM.
Alkane Managing Director, Nic Earner, said: “The establishment of an ADR program for Alkane’s OTC trading comes in response to feedback from North American investors that it would enhance Alkane’s attractiveness to potential investors and should have positive impact on liquidity. Alkane looks forward to ongoing engagement with global investors in what is an exciting time for both our company and the gold industry in general.
“Alkane has broadened its institutional investor base significantly since the completion of the Mandalay merger in August 2025, and as it approaches the requirements for ASX200 index inclusion in Australia this trend is expected to continue in 2026.”