Trading under the ticker code MQR, Marquee listed this afternoon at a 10% premium to its A20c issue price on volume of nearly 1.2 million shares.
The company raised $3.5 million in its IPO and has 19.87 million shares on issue.
Force, formerly Sovereign Gold, remains the company’s largest shareholder with an 11.3% stake.
Marquee’s key asset is the Clayton Valley lithium project in Nevada, which is just 5km from Albemarle Corp’s Silver Peak operation.
Marquee executive director Charles Thomas said the company was pleased with the reception to the IPO.
“The board has recognised the substantial opportunity that exists in the USA for mining projects and is particularly excited by the large potential that our Clayton Valley lithium project holds,” he said.
Joining Thomas on the board is Jason Bontempo and Mark Ashley as chairman.
Ashley’s appointment marks his return to the ASX scene after the collapse of Apex Minerals in 2012. He’s now based in California and is the CEO of TSX-listed Tonogold Resources, which is also exploring in Nevada.
