Meanwhile, Winsome has signed a binding agreement with a major fibreglass manufacturer with operations in North America, for up to 9.9 per cent of all shares under the IPO. The fibreglass manufacture process requires high quality, low impurity spodumene concentrate, which creates a diverse market outside of the battery industry, directly utilising the likely product from our Quebec projects.
Making the announcement on October 5, Metalstech Ltd Chairman Russell Moran said the Winsome team had done a “fantastic job courting leading industry participants to support their lithium business vision”.