Winsome Resources Managing Director Chris Evans has arrived in North America ahead of a four-week business trip, which will include visits to the Company’s three project sites in Quebec. 

While in Canada, Mr Evans will interview potential staff for key roles as the company looks to expand and commence an intensive exploration program post IPO. He will also meet potential investors in New York and present at the Fastmarkets Lithium Supply & Markets 2021 conference in Las Vegas. The three-day conference is lithium’s biggest annual networking event, bringing together key lithium producers and users from around the world.

Mr Evans said visiting Winsome Resources’ projects – Cancet, Adina and Sirmac-Clappier, located in the James Bay region of the Quebec Province – was critical as the Company takes steps towards its initial public offering (IPO) on the Australian Securities Exchange (ASX).

The visit will include establishing an office in Montreal and meeting statutory authorities and contractors assisting with Winsome’s exploration work.

“We have two years of intense exploration ahead of us and securing an exploration manager to support us on this journey is crucial,” Mr Evans said.

“Getting on the ground in Quebec and meeting key stakeholders is also critical.”

Earlier this month, MetalsTech Ltd issued its Notice of Meeting to shareholders, a major milestone on Winsome’s path to listing on the ASX. The meeting is scheduled for 4 October 2021, with Winsome aiming to list on the ASX in Q4 of 2021.

With more than 99 per cent of the world’s lithium reserves located in Australia, Argentina, Chile and China, Winsome’s
assets in Quebec offer jurisdictional diversity and opportunity to contribute to the expanding North American battery industry.

“Quebec is a well-established mining jurisdiction, rated amongst the top globally, renowned for its world class
infrastructure and support for mining development projects,” Mr Evans said.

“In Quebec, 99.8 per cent of all electricity is produced by hydro power, making it an ideal location for sustainable mining and production of lithium products.”

Lithium is currently on the US and Canada’s critical mineral list. A lack of financing is expected to lead to lower supply – particularly in the next five years – with the world lithium market requiring exponential growth in the next decade. 

Mr Evans said current trends revealed 7-9 times more lithium was needed by 2030 to meet global demand for battery manufacturing.

He said the Company’s focus for the next two years was exploration and drilling, with the company concentrating on high quality spodumene concentrate suitable for conversions across many different battery applications.

“Spodumene really is the next frontier of lithium as a global deficit in supply looms.”

“The next round of exploration will target known mineralised areas across the Cancet project and will then lead into a
formal JORC Code resource, which will be followed by scoping and feasibility studies,” he explained.

There is a considerable amount of work to do on the ground over the coming years. However, given the size of coarse spodumene crystals that are prevalent on our sites, we are targeting a low impact, low capex, quick start-up Dense Media Separation (DMS) operation to feed the growing global lithium market.”

Mr Evans will also speak at the Fastmarkets Lithium Supply & Markets 2021 conference in Las Vegas from 20 to 22 September, which is expected to provide a complete view of the dynamic lithium market, ideal networking opportunity and a more in-depth understanding of the flourishing North American lithium market.

Mr Evans said it was an exciting time to be in the lithium industry.

“This latest buoyancy in the lithium sector is underpinned by a more rounded knowledge of the commodity fundamentals in the market.”