The current owner of this asset Stornaway Diamonds is in bankruptcy and the government of Quebec owns 35% of the company and enough debt that they likely have control over what happens with Renard. This certainly makes the situation both complicated and an opportunity for WR1. It would not surprise me if the Quebec government both sells the asset to WR1 and funds the sale with some critical minerals grant/loan. Having said all that and being here in Canada, I am sure that WR1's delays in buying Renard are very likely related to government inaction or actions that make the process difficult to complete. May still end up being a good deal, getting a processing plant for pennies on the dollar of its cost.
WR1 Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
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