The Venture Marketplace is typically for early-stage growth companies, and is a regulated exchange, albeit with less rigorous listing requirements. The OTCQB is for so-called over-the-counter (OTC) stock trading.
Mark Smith, president and chief executive officer of Largo, said: "With a meaningful amount of Largo's ownership located in the United States, this trading approval marks another milestone for the company as it aims to increase visibility among retail and institutional investors, as well as enhance and improve liquidity."
The first day of trading on the OTCQB was a good one for the miner, with shares rising 10.2% to US$0.493. In Toronto, the shares closed at C$0.64 on Tuesday, up 6.7%.