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An update from Winsome Resources Limited ( (AU:WR1) ) is now available.
Winsome Resources Limited has announced a significant development in its share issuance process with Power Metals Corp, resulting in Winsome acquiring a 16.15% equity interest in Power Metals valued at A$25.5 million. This move not only strengthens Winsome’s strategic position but also ensures exclusive offtake rights to critical minerals from Power Metals’ Case Lake Project in Ontario. With a combined liquidity position of approximately A$40 million, this development supports Winsome’s long-term strategy of enhancing its presence in the critical minerals sector.
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 company operating in the critical minerals industry, focusing on the exploration and development of lithium, caesium, and tantalum projects. The company is strategically positioned in Canada, aiming to build exposure to high-quality critical mineral projects.
Average Trading Volume: 573,294
Technical Sentiment Signal: Sell
Current Market Cap: A$41.47M
See more insights into WR1 stock on TipRanks’ Stock Analysis page.