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Winsome Resources Limited ( (AU:WR1) ) has shared an update.
Li-FT Power Ltd and Winsome Resources Limited have announced a strategic transaction where Li-FT will acquire Winsome through a share scheme arrangement, along with a majority interest in the Galinée property. This move is expected to enhance Li-FT’s position in the lithium market by unlocking value at the Adina Project, potentially benefiting shareholders and stakeholders through increased exploration and production capabilities.
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 involved in the exploration and development of mineral resources, with a focus on lithium projects. The company operates primarily in the mining industry, aiming to capitalize on the growing demand for lithium, a key component in battery production.
Average Trading Volume: 1,257,554
Technical Sentiment Signal: Buy
Current Market Cap: A$91.49M
For detailed information about WR1 stock, go to TipRanks’ Stock Analysis page.