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Winsome Resources Limited ( (AU:WR1) ) has provided an update.
Winsome Resources has highlighted that Li-FT Power’s definitive agreement to acquire Azimut Exploration’s 50% interest in the Galinée property satisfies one of the key conditions attached to the binding scheme implementation deed between Li-FT and Winsome. Under that deed, Li-FT is proposing to acquire 100% of Winsome’s issued securities via Australian share and option schemes of arrangement, with completion still subject to remaining conditions, signaling a potential change of control that could consolidate lithium assets in Quebec and reshape Winsome’s future ownership and strategic direction.
The most recent analyst rating on (AU:WR1) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Winsome Resources Limited stock, see the AU:WR1 Stock Forecast page.
More about Winsome Resources Limited
Winsome Resources Limited is a lithium exploration and development company focused on Canada, with several projects in the Eeyou Istchee James Bay region of Quebec. Its flagship asset is the 100%-owned Adina Lithium hard-rock spodumene deposit, considered a tier-one resource in a low-risk mining jurisdiction, with a reported mineral resource of 78Mt at 1.15% Li2O and a projected mine life of more than 20 years. The company also holds a 15.6% equity stake in PWM, owner of the Case Lake Project in Eastern Ontario, which is prospective for cesium, lithium and tantalum.
Average Trading Volume: 1,548,021
Technical Sentiment Signal: Buy
Current Market Cap: A$111M
See more data about WR1 stock on TipRanks’ Stock Analysis page.