Winsome looks to scale Adina aggressively, says CEO

Project is ready for construction, backed by favourable economics and a strategic approach, CEO says.

Part of the net proceeds will be used to advance the capex and permitting of its Malmbjerg molybdenum project.

While precious metals-focused juniors are working to revive Nevada’s tired Tonopah Silver District, lithium discoveries to the north, west and south of the desert town’s doorstep could again kick the boom-bust local economy into high gear.

The reopening of the South Crofty tin mine in Cornwall is part of a wave of mining activity across England’s southwestern tip.

Highlights of the PEA include an after-tax NPV of C$413 million with an after-tax IRR of 29%.

With over 150,000 metres of drilling completed since June 2020, Tonopah West is billed as North America's most active silver exploration project.

Undersea mining is still illegal under international law and environmentalists rail against it for threatening ocean ecosystems with habitat damage, silt and noise.

The asset hosted tin and tantalum mining for decades and is known to contain lithium-caesium-tantalum pegmatite formations.

Ecosystem restoration would cost between $5.3 - $5.7m per sq. km, compared with $2.7m sq. km to mine the seafloor.