Australia's Winsome Resources hits record low, stalls exercising Renard option

Winsome Resources

17/06/2025 05:09

** Shares of Australia's Winsome Resources WR1.AX fall as much as 14.3% to A$0.12, hitting an all-time low

** Stock posts its biggest intraday pct fall since April 7

** WR1 shares currently down 3.6% at A$0.135 as of 0356 GMT

** Lithium explorer says unlikely to exercise the Renard option by August 2025, but may revisit the decision if market conditions improve

** In 2024, WR1 signed exclusive call option to buy Renard Mine in Canada and associated infrastructure from Stornoway, or all of Stornoway's issued capital

** Around 1.3 mln shares changed hands, over 3x its 30-day avg of about 401,838 shares

** Session widens co's YTD losses to 67.8%

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com;))