Winsome Resources (ASX:WR1) Secures Funding for Trans-Atikh Project

Funding Approval

Winsome Resources (ASX:WR1) announced that the Eskan Company has received conditional approval for up to C$13.5 million (~A$16 million) through the Critical Minerals Infrastructure Fund (CMIF). This funding will support the planning and feasibility studies for the Trans-Atikh Project, a multi-user public road corridor extending northwards from Renard.

Project Details

The Trans-Atikh Project aims to facilitate lithium projects in the Eeyou Istchee James Bay region, including the Adina Lithium Project. Managed by Eskan, a 100% Cree-owned holding company, the project will conduct baseline biophysical and socioeconomical studies, along with environmental and social impact analyses. The road corridor will enhance access to traditional territories and support sustainable economic development in the region.

Executive Comments

Managing Director Chris Evans stated, “We would like to congratulate the Eskan Company on receiving conditional approval for Stage 1 funding towards the Trans-Atikh Project. The Trans-Atikh Project is a key piece of regional infrastructure, and we are ready to collaborate with Eskan as we advance the Adina Lithium Project towards development.”

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Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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