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How is Winsome Resources Increasing Its Stake in Power Metals Corp? — ASX:WR1| ASX Mining News & Discussion
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Lykeshares Official
$WR1 How is Winsome Resources Increasing Its Stake in Power Metals Corp?
Winsome Resources (ASX:WR1), a lithium exploration and development company, is making significant progress in increasing its stake in Power Metals Corp ("PWM"). Under the terms agreed upon, Winsome will transfer its ownership in the Decelles and Mazérac projects to PWM, allowing Winsome's stake in PWM to nearly double from its current 9.94% shareholding.

Focusing on Adina's Hard-Rock Lithium Discovery

Winsome is directing its attention towards the development of its globally significant hard-rock lithium discovery at Adina. In line with this focus, the company has chosen to divest its interests in the Decelles and Mazérac projects located in Quebec, Canada. By transferring these projects to PWM, Winsome aims to consolidate its resources and concentrate on maximizing the potential of its Adina lithium asset.

Future Royalty Obligations

As part of the agreement, PWM will assume the future royalty obligations for the Decelles and Mazérac projects. This means that any potential royalty payments from these projects will ...
How is Winsome Resources Increasing Its Stake in Power Metals Corp?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?