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Winsome Resources Limited ( (AU:WR1) ) has provided an update.
Winsome Resources Limited has received 17,650,000 common shares from Power Metals Corp, following the completion of regulatory steps and TSX Venture Exchange approval. This issuance, valued at approximately C$5.47 million, solidifies Winsome’s position as the largest shareholder with a 16.1% equity interest in Power Metals. The transaction finalizes Winsome’s share entitlement from the 2023 sale of the Decelles and Mazerac projects, enhancing its exposure to critical minerals in Canada.
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 Canadian-focused exploration and development company with several projects in the Eeyou Istchee James Bay region of Quebec. Its flagship project is the Adina Lithium, a 100% owned lithium resource considered a tier-one asset with a +20 year project life. The company also holds 100% offtake rights for lithium, caesium, and tantalum from Power Metals Corp’s Case Lake Project in Ontario and maintains a strategic equity interest in Power Metals.
Average Trading Volume: 737,730
Technical Sentiment Signal: Hold
Current Market Cap: A$53.67M
Learn more about WR1 stock on TipRanks’ Stock Analysis page.