Foremost Lithium Resource & Technology Ltd (TSE:FAT) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Foremost Lithium Resource & Technology Ltd. has announced a strategic decision to spin out its Winston Group of Gold and Silver Properties into a new public entity, Rio Grande Resources Ltd., offering Foremost shareholders two Rio Grande shares for each of their shares. This move, anticipated to be completed with financing of at least $1.5 million, aims to maximize shareholder value by allowing independent market valuation of the gold and silver projects during a robust market for precious metals.
For further insights into TSE:FAT stock, check out TipRanks’ Stock Analysis page.
