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Winsome Resources Limited
(Sydney:WR1)
Winsome Resources Limited (WR1) vs. S&P 500 (SPY)
Winsome Resources Limited Business Overview & Revenue Model
Winsome Resources Limited Financial Statement Overview
| Breakdown | ||
| Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|
| Income Statement | Total Revenue | |
| 6.45M | 4.97M | 0.00 | Gross Profit |
| 5.91M | 4.85M | -19.94K | EBIT |
| -15.00M | -17.07M | -3.24M | EBITDA |
| 5.12M | -16.95M | -3.22M | Net Income Common Stockholders |
| -4.87M | -15.18M | -3.24M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |
| 45.42M | 42.32M | 13.47M | Total Assets |
| 130.59M | 83.09M | 25.08M | Total Debt |
| 0.00 | 0.00 | 0.00 | Net Debt |
| -45.42M | -42.32M | -13.47M | Total Liabilities |
| 29.83M | 14.06M | 376.73K | Stockholders Equity |
| 100.76M | 69.02M | 24.70M |
| Cash Flow | Free Cash Flow | |
| -49.95M | -23.71M | -3.55M | Operating Cash Flow |
| -10.32M | -3.94M | -1.97M | Investing Cash Flow |
| -44.12M | -24.79M | -1.56M | Financing Cash Flow |
| 57.52M | 56.48M | 17.00M |
Winsome Resources Limited Technical Analysis
Winsome Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | AU$43.90M | ― | -9.14% | ― | ― | -4.39% | |
49 Neutral | $1.95B | -1.37 | -21.20% | 3.73% | 0.84% | -29.84% | |
48 Neutral | $4.08B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
46 Neutral | $4.76B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
38 Underperform | $318.02M | ― | -4.75% | ― | ― | -175.00% | |
36 Underperform | €1.25B | ― | -6.32% | ― | ― | 3.33% |
Winsome Resources Limited Corporate Events
Winsome Resources Limited has made significant strides in its project development and exploration activities. The company is advancing regulatory processes for the Adina Lithium Project and has discovered high-grade cesium and lithium mineralization at the Sirmac-Clapier project. With a strong cash balance following a capital raise and share divestment, Winsome is well-positioned to continue its operations. The company is also focusing on environmental and social governance, with the submission of a Preliminary Information Statement for the Adina Project’s ESIA process and a carbon sequestration assessment at the Renard site, indicating potential for significant carbon dioxide removal.
Winsome Resources has implemented strategic measures to preserve capital and optimize expenditures in response to the current global lithium market downturn. These measures include reducing director remuneration by 25%, cutting exploration workforce, closing the Val-d’Or exploration office, and focusing on key trade-off initiatives for the Adina Lithium Project feasibility study. The company is also assessing the impact of Québec’s Provincial Budget 2025, which offers a 45% refundable tax credit for exploration and mine development expenses. Additionally, Winsome is considering divestment opportunities for non-core assets to further preserve capital. These initiatives aim to ensure financial resilience while maintaining focus on core strategic objectives and protecting shareholder value.
Winsome Resources Limited announced the issuance of 10,888,900 unquoted securities in the form of options, which are exercisable at $0.54 and set to expire on March 14, 2027. This move is part of previously announced transactions and reflects the company’s ongoing efforts to manage its equity structure, potentially impacting its financial strategy and stakeholder interests.
Winsome Resources Limited announced an update regarding the withdrawal of its Share Purchase Plan (SPP), which was initially proposed as part of a securities issue. This decision may affect the company’s capital raising strategy and could have implications for its financial planning and stakeholder engagement.
Winsome Resources Limited has decided to withdraw its share purchase plan (SPP) offer due to unfavorable market conditions. The company will refund all application monies received under the SPP to shareholders, with the process expected to begin within 5-7 business days. This decision reflects the company’s response to current market dynamics, potentially impacting its capital raising strategies and shareholder engagement.
Winsome Resources Limited has released its interim financial report for the half-year ended December 31, 2024. This announcement provides stakeholders with insights into the company’s financial performance and strategic positioning, reflecting its ongoing commitment to transparency and operational growth.
Winsome Resources announced the results of a geochemical review at its Sirmac-Clapier Project, confirming the presence of high-grade lithium and cesium mineralization. The analysis, conducted by Dr. Nigel Brand, revealed significant cesium grades, suggesting pollucite as the primary cesium-bearing mineral and highlighting the project’s strong potential. The findings indicate substantial exploration upside, with plans for further work in collaboration with Dr. Brand. The project’s proximity to infrastructure and other significant deposits enhances its strategic importance, positioning Winsome favorably in the scarce cesium market.
Winsome Resources has received approval from the Superior Court of Québec for an extension to the call option agreement with Stornoway Diamonds, which includes a C$8,500,000 extension fee payment. This approval allows Winsome to continue its strategic focus on advancing the Adina Lithium Project. Additionally, Winsome corrected a previous announcement, changing the exclusivity rights expiration date from 31 July 2025 to 31 May 2025. These developments are expected to strengthen Winsome’s position in the lithium market and enhance its project advancement capabilities.
Winsome Resources Limited has experienced a change in the interests of its substantial holders, Electrification and Decarbonization AIE LP, Li Equities Investments LP, and Waratah Capital Advisors Ltd. This change occurred due to the issuance of additional shares by Winsome Resources, which diluted the positions of these substantial holders. As a result, their collective voting power decreased from 11.89% to 10.49%, based on the increased number of shares outstanding. This dilution may impact the influence these entities have over company decisions, potentially affecting their strategic interests and the company’s governance dynamics.
Winsome Resources Limited has announced the results of an independent assessment conducted by Dr. Liam Bullock, which highlights the significant carbon dioxide removal (CDR) potential of processed kimberlite stockpiles at the Renard Operation. The study indicates potential CO₂ removal capacities of 203–458 kg per ton of rock, forming a crucial part of Winsome’s Carbon Sequestration Strategy. This strategy includes partnerships with technology providers and explores carbon-neutral LNG production via Carbon Capture, Utilisation, and Storage (CCUS). Winsome aims to leverage these findings to generate premium carbon credits and advance its goal of achieving net-zero emissions in lithium production, potentially positioning itself as a leader in mining-based carbon removal.
Winsome Resources Limited has announced a Share Purchase Plan, allowing eligible shareholders to purchase additional shares at a discounted price without incurring brokerage fees. This initiative is part of their capital raising activities, aiming to raise up to A$2.5 million, and is designed to provide shareholders with similar opportunities as those offered to institutional investors in a recent placement round.
Winsome Resources Limited announced a new issuance of 80,000 fully paid ordinary securities, which were quoted on February 20, 2025. This development is part of the company’s strategic efforts to enhance its financial standing and operational capabilities, potentially impacting its market positioning and offering new opportunities for stakeholders.
Winsome Resources Limited has completed a significant share placement, raising capital by issuing over 21 million shares at $0.36 each to professional and sophisticated investors. The placement aligns with the company’s strategic initiatives to enhance its lithium development capabilities in Quebec, potentially accelerating its path to production. This move underscores Winsome’s commitment to strengthening its market position and advancing its lithium portfolio, which could have substantial implications for stakeholders in terms of growth and operational expansion.
Winsome Resources Limited has announced the application for quotation of 21,777,778 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code WR1. This issuance is part of previously announced transactions aimed at enhancing the company’s capital structure, potentially impacting its market positioning and providing implications for stakeholders.
Winsome Resources has confirmed high-grade cesium mineralization at its Sirmac-Clapier Project in Quebec through precise analysis of outcrop samples, revealing significant cesium and lithium content. The findings highlight the scarcity and value of cesium, positioning Winsome as a key player in the cesium market. Additionally, Winsome has expanded its landholding at Sirmac with 12 new claims, further solidifying its strategic presence near valuable infrastructure and other mineral deposits.
Winsome Resources Limited has announced a proposed issue of 6,944,444 ordinary fully paid securities under a securities purchase plan. This offering is scheduled with a record date of February 14, 2025, closing on March 24, 2025, and an issue date of March 31, 2025. The initiative aims to enhance the company’s financial position and potentially strengthen its presence in the market.
Winsome Resources Limited has announced a proposed issuance of securities, with a total of 14,361,111 options to be issued. These options are exercisable at $0.54 and will expire two years from the issuance date, which is set for March 31, 2025. The proposed issuance is part of a placement or another type of issue, which may have implications for the company’s financial strategy and market positioning.
Winsome Resources Limited has announced a proposed issue of 21,777,778 ordinary fully paid securities, with the issuance date set for February 20, 2025. This strategic move reflects the company’s efforts to bolster its financial resources, potentially enhancing its market positioning and providing new opportunities for growth within the industry.
Winsome Resources Limited announced a successful capital raise of approximately A$7.8 million to fund the development of its Adina Lithium Project and extend the Renard Option in Canada. This financial boost will support project studies, carbon sequestration opportunities, and potential partnerships in the EV supply chain, positioning Winsome strongly for future growth and shareholder benefit.
Winsome Resources Limited has announced the quotation of 150,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WR1, effective February 14, 2025. This move, resulting from options being exercised or convertible securities being converted, signifies a strategic step for Winsome Resources, potentially enhancing its liquidity and market presence.
Winsome Resources Limited, listed on the Australian Securities Exchange under the code WR1, has announced a trading halt on its securities. This pause is to accommodate the release of an upcoming announcement related to capital raising. The trading halt is expected to last until either the announcement is made or the start of normal trading on February 17, 2025. This strategic move aims to manage the dissemination of significant financial information, potentially impacting the company’s market operations and stakeholders’ interests.
Winsome Resources Limited announced a significant development in its Sirmac-Clapier Project with the discovery of high-grade lithium-cesium mineralization. The company has engaged Dr. Nigel Brand, an expert in cesium exploration, to assist in analyzing the findings. Winsome’s 19.6% stake in Power Metals Corp, valued at A$23 million, provides it with strategic exposure to the Case Lake Project, which has shown promising cesium and lithium mineralization. This development enhances Winsome’s position in the critical minerals market and is expected to bring significant value to its stakeholders.
Natural Resources Canada has conditionally approved Stage 1 funding through the Critical Minerals Infrastructure Fund for the Trans-Atikh Project, led by the 100% Cree-owned Eskan Company. This funding supports planning activities such as design, feasibility studies, and environmental assessments. The project aims to enhance regional infrastructure, facilitating access to traditional Cree lands and supporting economic opportunities in the Eeyou Istchee James Bay region. Winsome Resources, which has interests in the region’s lithium projects, supports the initiative, recognizing its importance in advancing reconciliation with Indigenous communities and promoting critical mineral development in Canada.
Winsome Resources Limited announced a significant high-grade lithium discovery at its Sirmac-Clapier Project in Quebec, Canada. The outcrop, which shows promising lithium, cesium, and tantalum mineralization, is located near essential infrastructure, enhancing its potential for development. This discovery marks an exciting development phase for Winsome, complementing ongoing efforts at its flagship Adina Lithium Project and offering new prospects for future exploration and growth.