Last buy before booooommmmmm, page-110

We are in the right place and at the very right time.
Big things to come IMHO
Fast tracking is the word aptly used. Not mucking around

Perth-based lithium newcomer Winsome Resources is fast-tracking its Canadian projects to capitalise on demand for electric cars and batteries.

Quebec, where the projects are located, is at the forefront of the North American push to develop a sovereign electric vehicle battery supply chain.

Positioned close to renewable energy supplies and road links, Winsome also intends to play a leading role in the Canadian province's own sustainable battery materials supply chain.

Winsome is tapping big investors for $45.2 million in a capital raising, according to the term sheet seen by AAP.

A further $5 million could be raised under the institutional placement if it's oversubscribed.

The company also intends to undertake a share purchase plan worth $10 million, priced at $2 a share, which means existing small shareholders in Australia won't miss out.

Based on Winsome's last price of $2.33 before this week's trading halt, that represents a 5.9 per cent discount over 10 day vwap.

Canada and United States have committed to shoring up critical mineral supplies, domestically and from trading partners, to meet demand and cut emissions in transport, electricity generation and industry.

For US President Joe Biden, that allied supply is heavily focused on Australia and Canada to jump-start the North American supply chain.

US car makers can get new tax credits to scale up battery manufacturing and are locking in long-term supplies of lithium and other critical ingredients.

Winsome's portfolio consists of five hard-rock lithium assets in the James Bay region of Quebec.

The five project areas - Cancet, Adina, Sirmac-Clapier, Decelles and Mazerac - are near ASX-listed Allkem's recently approved $400 million James Bay Project, which is a rival sustainable, hard-rock operation.

Winsome will use the new funds to accelerate drilling programs at Adina, exploration and drilling at Cancet, and work at the company's other projects.

If successful, the raising would propel Winsome to a market valuation above $400 million, a rapid rise since listing in late 2021.

Details are expected to be released on Friday.