Winsome Resources is adopting a progressive and proactive approach to Environmental, Social and Corporate Governance (ESG) and is looking into several important initiatives to support this journey.
In line with the European Union’s mandates to make lithium batteries sustainable throughout their entire lifecycle – which includes the sourcing of raw materials and battery production – the Company is approaching all stages of the project lifecycle with a focus on keeping emissions to a minimum, utilising Quebec’s hydro-power network, and targeting the use of benign reagents for any future ore processing across its project portfolio. We are also dedicated to working in partnership with the local First Nations communities in the areas where we operate, providing local employment opportunities and continue to maintain strict governance across all aspects of the business.
Quebec is extremely well serviced with an extensive hydropower network that provides 99.8% of all energy requirements in the province. Winsome’s projects are in close proximity to existing hydropower supplies, meaning we can develop the necessary infrastructure with minimum impact on the environment, and run our projects long into the future with some of the cleanest, lowest emission renewable energy available.
Winsome’s environmental survey was an important step as we progress targeted exploration activity across the flagship Cancet project and ultimately target mining approvals. The survey and field work, which was carried out by First Nations-led consultancy Niigaan, helped to inform an environmental map database covering 20,000ha of the Cancet property, covering vegetation, surface deposits, wildlife habitats, protected areas and other territories of ecological significance and interest.
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“Through our engagement with Niigaan we are gathering a better understanding of the natural environment across the Cancet property and our claims within it.
This information allows us to continue progressing lithium resource and project development with a view to ensuring all future activity has minimal impact on the environment.”
As a publicly listed Australian Company, we are bound by the governance requirements of the Australian Securities & Investments Commission (ASIC), the Australian Securities Exchange (ASX) and the legislation and regulatory controls of federal and state authorities. Likewise, our operations in Quebec and Canada require adherence to all local, provincial and national legislation and regulation. Winsome maintains close contact with appropriate regulatory authorities and advisors to ensure all activities are undertaken in compliant and responsible ways.
While Winsome has seen a meteoric rise in its share price since listing in November 2021, the Company’s focus is on steady and sustainable growth. We continue to pursue an aggressive program of exploration with a view to declaring resources and developing our renewable energy and lithium projects, while also actively looking for and assessing acquisition and new asset targets. Winsome has undertaken a number of capital raises since listing, but each have been managed with the intention of creating minimal dilution for our existing valued shareholders. This includes using Flow-Through Share facilities under Canadian tax law, which raise money at a premium to the share price and enable immediate on-selling to current shareholders; as well as providing offers that are restricted solely to existing shareholders.
Winsome commenced its journey with a highly knowledgeable and skilled team, and the Company has continued to enhance its capabilities since. That includes appointing highly experienced Quebec-based General Manager Carl Caumartin to manage day to day activities in Canada, and bolstering the lithium expertise of our Board with the appointment of former Core Lithium Managing Director Stephen Biggins as Chairman. As the Company continues to grow, we are focused on finding the right people to help navigate the road ahead.