Trigg Minerals (ASX: TMG) has announced plans to pursue a dual listing on the Nasdaq Stock Market while securing an additional A$2.5 million investment from Tribeca Investment Partners. The move marks a significant step in Trigg’s transition from an Australian explorer into an internationally focused participant in the Western critical minerals supply chain. The company’s projects in antimony and tungsten are increasingly important for defence, energy and industrial applications.

Strategic Highlights

• Nasdaq Listing Pathway:
  Trigg has selected a mainboard American Depositary Receipt (ADR) structure as its route to listing on Nasdaq, with completion targeted within four to five months, pending SEC and Nasdaq approvals. The ADR structure will enable U.S. investors to trade Trigg shares directly through domestic markets.

• Institutional Funding Support:
  Tribeca Investment Partners has provided a further A$2.5 million placement, following its earlier A$5 million investment in September 2025. This continued institutional support reflects growing confidence in Trigg’s U.S. expansion strategy and project portfolio.

• Flagship Projects:

  • Antimony Canyon (Utah, USA): One of the largest undeveloped antimony systems in the United States, located in a supportive jurisdiction seeking to strengthen domestic critical mineral production.

  • Tennessee Mountain (Nevada, USA): A significant tungsten project containing more than 700,000 tonnes of tungsten metal. The project is being advanced as a potential future source of tungsten supply for U.S. defence and manufacturing sectors.

  • Wild Cattle Creek (NSW, Australia): Australia’s highest-grade undeveloped antimony resource, providing an Australian base that complements Trigg’s U.S. assets.

• Global Market Access:
  In addition to its ASX and OTCQB (TMGLF) listings, Trigg now trades in Frankfurt (ATA), expanding its exposure to European and North American investors.

Comparison with Nasdaq-Listed Critical Mineral Peers

Trigg’s current market capitalisation of about A$190 million remains well below that of comparable U.S.-listed critical mineral companies, suggesting substantial room for revaluation once the Nasdaq listing is completed.

The difference in valuation highlights the strong investor appetite in U.S. markets for critical mineral companies positioned within the Western supply chain.

Market Assessment

Trigg’s pursuit of a Nasdaq listing is a strategically timed move that aligns with Western government policies aimed at diversifying critical mineral supply chains away from China. The inclusion of the Tennessee Mountain tungsten project alongside Antimony Canyon and Wild Cattle Creek strengthens Trigg’s position as a multi-asset company focused on minerals that are both strategic and in limited Western supply.

Backed by institutional investors such as Tribeca and managed by a team with direct experience in antimony mining and smelting, Trigg is well placed to attract broader market recognition. If the Nasdaq listing proceeds as intended, Trigg could evolve from a mid-cap ASX explorer into an internationally recognised critical minerals company with a valuation profile more consistent with its North American peers.