As the year comes to a close, Winsome Resources’ Managing Director Chris Evans takes a look back at the Company’s success throughout 2021.
In March this year, Winsome Resources was spun out of MetalsTech (ASX:MTC), which had owned the three tenements – Cancet, Adina and Sirmac-Clappier – in Quebec for the past five or so years.
As many of you know, Quebec is one of the best mining regions in the world, renowned for its world-class infrastructure and support for mining developments.
The province is also at the forefront of the North American push to develop its own EV battery supply chain with lithium being one of the key base ingredients needed to make this happen – we are delighted our three projects are located there.
In June, Winsome appointed Canaccord Genuity (Australia) as its lead manager as we made steps towards our initial public offering (IPO) on the Australian Securities Exchange (ASX).
We also welcomed Justin Boylson as non-executive chairman and Dr Qingtao Zeng as non-executive director to our board and Peter Youd as our Chief Financial Officer and Company Secretary, bringing with them a wealth of industry experience and project management expertise.
Winsome Resources completed a heavily oversubscribed Initial Public Offering to raise AU$18 million, demonstrating the high regard in which investors hold our assets in Quebec and the general appetite for lithium investment.
In September, Managing Director Chris Evans travelled to North America to visit Winsome’s three sites. Getting on the ground in Quebec and meeting key stakeholders was extremely beneficial. While in North America, Mr Evans met with potential investors in New York and presented at the Fastmarkets Lithium Supply & Markets 2021 conference in Las Vegas – lithium’s biggest annual networking event.
Earlier this month Mr Evans also presented at the RIU Resurgence Conference in Perth – where we had a booth – another great opportunity to share the Winsome story.
On November 30, 2021, Winsome listed on the ASX, performing strongly in its first four days of trading, seeing a substantial increase from its listing price of $0.20 to end the week on a high.
Winsome’s listing received extensive national and international media coverage, featuring in more than 300 outlets, with 147 dedicated articles and a total reach of more than 57 million people globally. You can read some of our media highlights below.
In December we also welcomed a new Canadian General Manager/Vice President of Exploration and secured SGS Geological Services to commence data review, exploration work and metallurgical test work for our sites in Canada.
We will now focus our attention on an intense exploration and drilling campaign of our current assets.
It’s an exciting time to be in lithium and the interest so far, post-listing, affirms investor appetite for this growing commodity, while demonstrating the high regard in which investors hold our assets in Quebec.
With equal measures of skill and luck, we’ve picked what is shaping up to be the best time imaginable to list on the ASX with a lithium focused exploration company.
We look forward to seeing our share price continue to make good gains based on the strong support we’ve witnessed, and the good news we expect to generate from exploration activities on our projects.
Thank you for all your support this year – we look forward to ringing in our next chapter in 2022 and beyond.