RE:Relation to Winsome ResourcesPWM is no better or worse off than they were before.
sinomine took a 7.5 million share position (6.72% of PWM's issued capital) as well as 7.5 million share purchase warrants convertable on a one-for-one basis at CAD $0.40/share, expiring on March 17, 2025.
sinomine had the off-take rights for all future lithium, caesium and tantalum extracted or otherwise produced by PWM and any of its agents.
In return for those off-take rights, sinomine would pay to PWM for all lithium, caesium and tantalum 95% of the market value of such resources, as determined with reference to the Asian Metal Maket.
if sinomine elects not to purchase the lithium, caesium and tantalum, PWM may sell those materials to a third party at a rate which is not lower than the rate sinomine would have paid for such material.
so, that said, then the canadian gov't "forced" sinomine's interests outlined above and winsome purchased those rights, PWM's position did not change.
any entity which might purchase PWM would "inherit" the above conditions with winsome and if winsome were to be the entity which purchased PWM then winsome would in essence be paying itself for the lithium, caesium and tantalum.
certainly the value of the 95% market value of the material would factor into PWM's selling price and any purchaser's buying price.
so, it doesn't seem to be a real issue going forward.