Highlights
- Company constancy gained for ~A$7.8 million placement at a topic worth of A$0.36 in line with percentage to travel Winsome’s Adina Lithium Venture into building.
- Sturdy help equipped by means of present shareholders along unused home and international traders underpins Winsome’s pathway to manufacturing technique.
- The Corporate intends to adopt a percentage acquire plan for present shareholders to lift as much as A$2.5 million at the similar phrases because the Placement.
- Reinforced steadiness sheet supplies Winsome with a vital runway to increase the Renard Approach to 31 August 2025, travel Adina Lithium venture research, assess carbon sequestration alternatives, and discover alternatives in order in a strategic spouse and assess diverse business and company alternatives to leave the prices related to the prospective acquisition.
MONTREAL, Feb. 17, 2025 /PRNewswire/ – Lithium explorer and developer Winsome Assets (ASX: WR1) (“Winsome” or the “Company“) is happy to announce it’s elevating capital via a placement and a percentage acquire plan for present shareholders. Company constancy had been gained for A$7.84 million in investment by the use of the Institutional Proportion Placement (“Placement“) to travel the Adina Lithium Venture (“Adina“) into venture building and to discover and develop Winsome’s Mineral Assets. Winsome will even deal present shareholders the chance to take part within the capital lift by the use of a Proportion Acquire Plan (“SPP“).
Along the Placement, Winsome has affirmative to amend the Name Possibility Word with Stornoway Diamonds (Canada) Inc. (“Stornoway“) and 11272420 Canada Inc. (in combination the “Vendors“) pursuant to which Winsome has an choice (“Option“) to procure the entire issued capital in Stornoway, the entity preserving the property comprising the Renard diamond mine, processing facility and related infrastructure (“Renard Project” or “Renard“).1
Price range raised from the Placement shall be carried out to:
- Extending the Renard Approach to 31 August 2025 at a price of C$8.5 million,
- Advancing Adina Lithium Venture research,
- Investigating Carbon Dioxide Removing (“CDR“) alternatives, and
- Normal operating capital and prices of the Trade in.
“The additional funds put Winsome in a strong financial position to advance the Adina Lithium Project, which comprises one of the largest and growing lithium deposits in North America, an exclusive option to acquire the billion-dollar Renard operation and associated infrastructure and a clearly defined pathway to production.”- Chris Evans, Managing director
“Winsome Resources is firmly committed to developing the Adina Lithium Project and is pleased to see the significant level of interest from high conviction investors who believe in Winsome’s vision of integrating into the North American EV supply chain.”- Carl Caumartin, Normal Supervisor – Canada
To be informed extra concerning the submitting of the extension of the Renard Possibility , practice the hyperlink to the ASX drop of February 17th 2025, https://wcsecure.weblink.com.au/pdf/WR1/02913516.pdf
This announcement is permitted for drop by means of Managing Director of Winsome Assets Ltd, Chris Evans.
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ABOUT WINSOME RESOURCES
Winsome Assets (ASX:WR1) is a lithium centered exploration and building corporate with a number of initiatives within the Eeyou Istchee James Bay area of Québec, Canada. Our flagship venture is Adina – a 100%-owned lithium useful resource regarded as a tier-one asset in a low-risk mining jurisdiction and one of the vital capital environment friendly initiatives in North The us with aggressive running prices.
The juiceless rock spodumene lithium vault is akin floor with a +20-year venture time and a NI 43-101 compliant Mineral Useful resource Estimate of comprising a tonnage of 60.5 million tonnes at a grade of one.14% Li2O within the Indicated section and 15.9 million tonnes at a grade of one.17% Li2O within the Inferred section.
The Corporate not too long ago received an unique choice to buy the Renard Operation, a mining and processing web page situated roughly 60 kilometres south (in a instantly sequence) of Adina. The ability has a longtime airport, energy station, H2O remedy plant, workshops, processed mineralised subject material cupboard and a considerable camp. It additionally has a number of mineral processing and running lets in which would possibly travel Winsome’s pathway to lithium manufacturing. Importantly, Renard already contains intensive manufacturing amenities which is composed of a number one jaw crusher, secondary cone crusher, high-pressure grinding rolls, ore sorting, and DMS circuits vital for lithium processing and spodumene listen manufacturing.
Along with our portfolio of lithium initiatives in Québec – Adina, Cancet, Sirmac-Clapier and Tilly – Winsome Assets owns 100% of the offtake rights for lithium, caesium and tantalum from the Case Pond Venture in Japanese Ontario, owned by means of Energy Metals Corp (TSXV:PWM), in addition to a 19.6% fairness stake in PWM.
Winsome is led by means of a extremely certified staff with robust revel in in lithium exploration and building in addition to ASX indexed corporations.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This file comprises forward-looking statements regarding Winsome. Ahead-looking statements don’t seem to be statements of ancient truth and original occasions and effects would possibly range materially from the ones described within the forward-looking statements because of numerous dangers, uncertainties and alternative components. Ahead-looking statements are inherently matter to industry, financial, aggressive, political and social uncertainties and contingencies. Many components may purpose the Corporate’s original effects to range materially from the ones expressed or implied in any forward-looking knowledge equipped by means of the Corporate, or by and for, the Corporate. Such components come with, amongst alternative issues, dangers on the subject of spare investment necessities, steel costs, exploration, building and running dangers, festival, manufacturing dangers, regulatory, together with environmental law and legal responsibility and attainable name disputes.
Ahead-looking statements on this file are in accordance with the Corporate’s ideals, reviews and estimates of Winsome as of the dates the forward-looking statements are made, and negative legal responsibility is thought to replace forward-looking statements if those ideals, reviews and estimates must alternate or to mirror alternative generation trends.
SOURCE Winsome Assets
