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Winsome Resources Limited ( (AU:WR1) ) just unveiled an announcement.
Winsome Resources Limited has completed a significant share placement, raising capital by issuing over 21 million shares at $0.36 each to professional and sophisticated investors. The placement aligns with the company’s strategic initiatives to enhance its lithium development capabilities in Quebec, potentially accelerating its path to production. This move underscores Winsome’s commitment to strengthening its market position and advancing its lithium portfolio, which could have substantial implications for stakeholders in terms of growth and operational expansion.
More about Winsome Resources Limited
Winsome Resources Limited is a Perth-based company focused on lithium exploration and development, with four project areas located in Quebec, Canada. The company wholly owns the Adina, Cancet, Sirmac-Clappier, and Tilly projects, and has recently expanded its claims in the Tilly and Jackpot properties. Winsome is progressing toward lithium production with advanced projects and strategic acquisitions, including an option to purchase the Renard Mine. Additionally, Winsome holds offtake rights and a significant equity stake in Power Metals Corp.
YTD Price Performance: -31.82%
Average Trading Volume: 362,884
Technical Sentiment Consensus Rating: Buy
For detailed information about WR1 stock, go to TipRanks’ Stock Analysis page.
