WR1

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73.0¢ winsome resources limited

WR1 General Discussion, page-4982

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charliemark

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13/01/23

17:40

Post #: 65682751
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Originally posted by kevin103: ↑

Deals and M&A in lithium sector worldwide is heating up - even oil money is getting in the game.
It is no secret WR1 will be swamped with offers by now imho.
CE must be getting very good at putting on his poker face by now

Move over Newcastle United — European Lithium has taken steps to become a first mover in mining investment in Saudi Arabia, signing a non-binding MoU to build and operate a lithium hydroxide plant in the Middle East.
, which is due to deliver a landmark DFS on what will be Europe’s first hard rock lithium mine at the Wolfsberg project in Austria this quarter, announced the non-binding memorandum of understanding for a 50-50 JV with the Obeikan Investment Group today.
“The JV with Obeikan will allow EUR to focus its efforts on building the facilities to start mining concentrate in addition to benefiting from the JV opportunities,” European Lithium chairman Tony Sage said.
EUR says a reduction in operating energy costs from the proposed 50-50 JV will deliver significant savings for the Wolfsberg project.
“The huge energy cost savings will make Wolfsberg even more robust,” said Sage, who attended the Future Minerals Forum in Riyadh ahead of the MoU’s announcement.
Obeikan Investment Group is one of Saudi Arabia’s 100 largest companies, with over 3000 employees and operations in 16 countries.
Eng. Abdallah Obeikan, CEO of the Obeikan Investment Group, called the MoU a “a great step ahead in further strengthening the Saudi Australian economic collaboration,” saying it was “In-line with (the) Obeikan investment group strategy of accelerating sustainability within the energy field.”

Future Metals Forum
The Future Minerals Forum was hosted at the King Abdulaziz International Conference Center in Riyadh from January 10-12, amid Saudi Arabia’s push to take a larger role in the supply and extraction of critical metals for the energy transition.
Its bill featured presentations from some of the biggest and most influential names in the mining industry, including BHP CEO Mike Henry, Rio Tinto chairman Dominic Barton, Barrick Gold CEO Mark Bristow and Ivanhoe Mines founder Robert Friedland, with over 100 exhibitors connecting with high profile investors from the Middle East, Africa and Central Asia.
Wolfsberg, which contains measured and indicated resources of 9.7Mt at 1% Li2O, is expected to be in production from 2025 and on last estimates could produce enough lithium hydroxide each year to construct batteries for 200,000 electric vehicles.
EUR signed a
The company has also recently announced intentions to spin the Wolfsberg Lithium project into a new NASDAQ listed vehicle Critical Metals Corp, via a SPAC named Sizzle.
EUR will retain 80% of the shares of the newly listed Critical Metals corp,

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I find it incredible that WR1 has double MCAP of EUR.

Last edited by charliemark: 13/01/23

WR1 Price at posting: $1.90 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 73.0¢		Change 0.055(8.15%)		Mkt cap ! $157.9M

Open	High	Low	Value	Volume
67.5¢	75.0¢	67.5¢	$639.2K	889.5K

Buyers (Bids)

No.	Vol.	Price($)
3	36699	73.0¢

Sellers (Offers)

Price($)	Vol.	No.
74.0¢	1967	1

View Market Depth

No.	Vol.	Price($)
3	36699	0.730
1	2757	0.720
2	14000	0.705
3	9576	0.700
1	20000	0.690

Price($)	Vol.	No.
0.740	1967	1
0.750	12103	2
0.755	68	1
0.765	15000	1
0.770	60000	1

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WR1 General Discussion, page-4982

ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Buyers (Bids)

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WR1 General Discussion, page-4982

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

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Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News