Winsome Resources (ASX:WR1) is scheduled to list on the ASX on Tuesday, November 30, 2021.

Timing couldn’t be better for the lithium-focused exploration and development company, which holds a number of high-grade assets in Quebec, Canada.  

Winsome Resources (ASX: WR1) is a Perth-based lithium exploration and development company with three projects in the James Bay region of Quebec, Canada.

Global demand for lithium is at an all-time high, fuelled largely by a surging interest in electric vehicles and battery storage. As a consequence, the Winsome Resources IPO, which aimed to raise $18 million, was heavily oversubscribed.

After listing on the ASX, Winsome Resources will focus on an intense 18-month exploration and drilling campaign, with the company concentrating on high quality spodumene concentrate, suitable for conversion across multiple battery applications.

“It’s an exciting time to be in lithium,” explained Winsome Resources Managing Director Chris Evans.

“Current trends show up to 10 times more lithium is required in the next decade to meet the demand and it is going to require a huge investment to get there.

“With more than 99 per cent of the world’s lithium reserves located in Australia, Argentina, Chile and China, our projects – Cancet, Adina and Sirmac-Clappier – offer jurisdictional diversity and opportunity to contribute to the expanding North American battery industry.”

Quebec is noted as one of the world’s most supportive, lowest risk mining regions in the world, renowned for its world-class infrastructure and support for mining developments.