WR1 General Discussion, page-26243

Here are my raw notes, hopefully you can make sense of it (and fact check in case of any typos). I didn't take any of WR1's bec there wasn't anything said that most here don't already know.

Jean Marc Azimut

Talked about SIgeom (I agree - it’s amazing).

It’s a wake up call for the Quebec companies to the potential.

Aussie companies are potential partners rather than a threat to their business.

James Bay is emerging as world class region

Key Criteria

LCT pegmatite - coarse pegmatites

Low Fe

Same age Archean relative to tectonic movements

Same contacts

Flat Laying and shallow dipping orebodies

Grade range is similar to WA, apart from Greenbushes

Main diff is exploration maturity; Québec has several thousand untested outcropping pegmatites.

Eventually may reach the same amt as in Aus.

Christian Calabrese Canaccord

Australia’s Super capital used in ASX equities and that impacts where returns. Vast majority of it will need to be deployed into ASX companies.

Last 12 - 18 months Canaccord has had 1 or 2 TSX companies querying a dual ASX listing; wanting to access the exchange to enhance valuation and ability to raise equity efficiently.

5-6 years ago, it was the other way around.

last year CFT was 90% of funds raised in Canada

Half a billion over last 18 months for asx companies operating in canada, via cft. it’s still new, brokers have worked through a structure.

Coy undertake donor provider process over 1 to 2 weeks. CG looks for demand for the back end. Quebec lithium multiplier is almost 2 times. If WR1 20 mill via cut, multiplier 2 times, CG would undertake a 10mill block trade, usually Australian institutional investors, high net wealth Aussies. Those shares have no 4 month hold period. Reduces dilution too. Must be spent on exploration drilling, can’t be wasted on corporate overheads.

You don’t have to be a Canadian to gain the tax deductions. The company issuing the shares needs to be in the business of mineral exploration. Needs to be their main business, not just 20% of the company.

Aussie coy will have a subsidiary in Canada that holds the tenements/assets. So this needs to be registered with the Quebec business registry, establish a relationship with the tenement registry, which grants the asx company rights to explore the land.

JP

Requires the company to speak french

have an accounting firm in Quebec .

Mineral tax credits

There was other stuff sorry I missed.