Winsome is headed up by Mamba Exploration's Justin Boylson as chairman, ex-Altura Mining chief operating officer Chris Evans as managing director, and geologist Dr Qingtao Zeng as the non-executive director.
It has a deal to secure three hard rock projects in Canada's Quebec province that it believes can be developed to meet demand for spodumene concentrate, primarily for conversion and use in battery applications in the North American market.
Quebec is the cornerstone of Canada's lithium sector, and the nation is seeking to ensure all vehicles sold from 2035 have zero emissions, a policy similar to an increasing number of nations globally.
MetalsTech secured on the Cancet, Adina and Sirmac-Clapier projects late last decade, before pivoting to gold as the lithium price collapsed.
Lithium demand has recovered since then, with MetalsTech deciding its energy minerals prospects would be better served in a dedicated vehicle.
It last drilled at Cancet in 2019, where there is exploration target of 15-25 million tonnes grading 1-2% lithium for the 2km-long Cancet Landing pegmatite.
Its less advanced prospects in the James Bay region are the "moderately prospective" Adina, last drilled in 2018, and the earlier-stage Sirmac-Clapier, which has no define targets with the little exploration work completed, although pegmatites have been Identified 3km to the west of the leases.
Post-listing the company has budgeted $6.4-7.3 million at Cancet for drilling, trenching and reviews on Cancet Landing and the emerging eastern pegmatite area.
Current plans are for reviews of Adina and extensional drilling of the known mineralised zones, plus surveys and maiden drilling at Sirmac-Clapier with about $2 million budgeted for each project.
MetalsTech will be granted 45 million shares for vending in the projects but plans for an in-specie distribution to its shareholders.
Major shareholders post-listing are expected to be backers Lithium Royalty Corporation with 10-12% and Zhenshi Group with 9-10%.
LRC paid $6.6 million for a 3-4% production royalty and is putting $3 million into the IPO.
Winsome hopes to list before the end of November.
