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Lake Winn Resources ( (TSE:LWR) ) has provided an announcement.
Lake Winn Resources Corp. has announced an extension of its private placement offering, aiming to raise up to $650,000 for exploration costs related to its Little Nahanni project and general working capital. The company has also terminated its binding letter of intent with Jaxon Mining Inc. regarding a potential acquisition, opting to focus on its critical mineral project at the Little Nahanni Pegmatite swarm, which is rich in lithium, cesium, tantalum, and tin. This decision reflects Lake Winn’s strategic focus on its core assets, potentially impacting its market positioning and stakeholder interests.
More about Lake Winn Resources
Lake Winn Resources Corp. is a mineral exploration company focused on advancing the 100% owned Little Nahanni Pegmatite project located in the Northwest Territories near the Yukon Border. The project covers 9,682.5 hectares, including a major portion of a 13 km-long and up to 500 m wide, lithium, cesium, and tantalum pegmatite dyke swarm. The project has had historic drilling and channel sampling that confirm significant lithium, tantalum, cesium, and tin.
Average Trading Volume: 6,047
Technical Sentiment Signal: Sell
Current Market Cap: C$906.5K
Find detailed analytics on LWR stock on TipRanks’ Stock Analysis page.