Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Winsome Resources Limited ( (AU:WR1) ) has provided an update.
Li-FT Power Ltd. and Winsome Resources Limited have signed a binding agreement for Li-FT to acquire Winsome through Australian share and option schemes, subject to certain conditions. This transaction, along with Li-FT’s planned acquisition of a 75% interest in the Galinée property, aims to enhance the scale and economics of the Adina project by potentially expanding its mineral resources. The transactions have strategic support from Avenir Minerals Limited, and Winsome’s board and major shareholders have expressed their support. The deal could significantly impact Li-FT’s operations and market positioning by increasing its resource base and shareholder value.
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
Average Trading Volume: 1,257,554
Technical Sentiment Signal: Buy
Current Market Cap: A$91.49M
See more data about WR1 stock on TipRanks’ Stock Analysis page.