Foremost Lithium Resource & Technology Ltd (TSE:FAT) has released an update.
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Foremost Lithium Resource & Technology Ltd. has announced a strategic decision to spin out its Winston Group of Gold and Silver Properties into a new public entity, Rio Grande Resources Ltd., offering Foremost shareholders two Rio Grande shares for each of their shares. This move, anticipated to be completed with financing of at least $1.5 million, aims to maximize shareholder value by allowing independent market valuation of the gold and silver projects during a robust market for precious metals.
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