
Winsome on clear path towards ASX listing
October 21, 2021
RK Equity has been appointed strategic advisor to help raise the profile for Winsome Resources in North America, Europe, and Australasia.
RK Equity is a leading proprietary research and capital markets advisory firm, focused on the lithium-ion battery materials supply chain. The Company is headed by its partners Howard Klein in New York and Rodney Hooper in South Africa.
Mr Klein said it was an exciting time for Winsome Resources as the Company edged closer to listing on the ASX.
“Lithium demand is stronger than almost all other commodity or specialty chemicals. It’s a small industry but it is growing super-fast, and the incumbent producers don’t have enough projects in their stable with a five-to-15-year time frame, so there is a lot of opportunity for greenfield and brownfield projects to be developed.”
“We believe demand is going to exceed supply for a long time to come so prices of lithium will remain elevated.”
Winsome Resources’ projects – about four or five years away from production – offer geographic diversity and a stable, secure supply chain and very promising drilling results – key propositions for lithium investors.
“This is an Australian company with a North American story, so it is important to diversify the share register on a global basis and not just an Australian investor base,” Mr Klein said.
Winsome Resources Managing Director Chris Evans believes RK Equity’s long history of getting behind successful companies early, will support the Company along the IPO journey.
“RK Equity was with Piedmont Lithium when it went from a US$10 million market cap company, four or five years ago to a US billion-dollar market cap company,” said Mr Evans.
Mr Klein said there is already strong interest in Winsome Resources which he expects should increase following listing on the ASX.
“There is a lot of interest because lithium and spodumene exploration stories are hot, Chris Evans is very credible, and people recognise this is a long-term attractive value proposition,” he said.
“We have already introduced Chris to a number of investors and are excited to further raise the company’s profile with our global network post IPO.”