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LI-FT POWER AGREES TO COMBINE WITH WINSOME RESOURCES AND ACQUIRE MAJORITY INTEREST IN THE GALINÉE PROPERTY TO UNLOCK VALUE AT THE TIER-ONE ADINA PROJECT
LI-FT POWER AGREES TO COMBINE WITH WINSOME RESOURCES AND ACQUIRE MAJORITY INTEREST IN THE GALIN&#...
About this update from Li-ft Power Ltd.
[{"type":"text","content":"\n\n\nLI-FT POWER AGREES TO COMBINE WITH WINSOME RESOURCES AND ACQUIRE MAJORITY INTEREST IN THE GALINÉE PROPERTY TO UNLOCK VALUE AT THE TIER-ONE ADINA PROJECT\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTrading Symbols:  TSXV: LIFT                                 ASX: WR1\nVANCOUVER, BC and PERTH, Australia, Dec. 15, 2025 /CNW/ - Li-FT Power Ltd. (\"Li-FT\") (TSXV: LIFT) and Winsome Resources Limited (ASX: WR1) (\"Winsome\") are pleased to announce the signing of a binding scheme implementation deed (the \"Agreement\") whereby Li-FT will acquire 100% of the issued securities of Winsome, pursuant to Australian share and option schemes of arrangement under the Australian Corporations Act (together, the \"Winsome Transaction\"), subject to the satisfaction of various conditions.\n\n\n\n\n\n\n\nLi-FT has also entered into a non-binding letter of intent with Azimut Exploration Inc. (\"Azimut\") (TSXV: AZM) (OTCQX: AZMTF)and SOQUEM Inc. (\"SOQUEM\") to acquire (the \"Galinée Transaction\") an aggregate 75% interest in the Galinée property (\"Galinée\"), which is immediately adjacent to and is interpreted to host a continuation of the mineralization of the Adina project (\"Adina\" and, together with Galinée, \"Adina-Galinée\").\nThe Winsome Transaction and Galinée Transaction have the support of Li-FT's strategic shareholder, Avenir Minerals Limited (\"Avenir Minerals\"), which has extensive permitting, operating, and construction expertise in Québec.\nTransaction Highlights\nWinsome shareholders to receive 0.107 of a Li-FT common share (each, a \"Li-FT Share\") or a CDI (representing one Li-FT Share) for each ordinary share of Winsome (each, a ...