Business
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 Ltd. ("Li-FT") (TSXV: LIFT) and Winsome ResourcesLimited (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.
About this update from Li-ft Power Ltd.
Trading Symbols: TSXV: LIFT ASX: WR1 VANCOUVER, 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. Li-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 "). The 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. Transaction Highlights For more information, notably about the transaction rationale, benefits for Winsome and Li-FT shareholders as well as timetable and next steps please find the link to the full ASX release : ASX Link About Li-FT Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. Li-FT's flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. Li-FT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group. For more details: www.li-ft.com About Winsome Winsome (ASX: WR1) is a Canadian focused exploration and development company with several projects in the Eeyou Istchee James Bay region of Quebec. Its flagship project is Adina, a 100% owned lithium resource considered a tier-one asset in a low-risk mining jurisdiction. In addition to its impressive portfolio of lithium projects in Quebec, Winsome owns a 15.6% equity stake in PWM who own the Case Lake Project in Eastern Ontario. For more details: www.winsomeresources.com.au This release has been approved by Chris Evans, Managing Director of Winsome . DISCLAIMER Investors should refer to the Winsome and Li-FT Power News Releases ( Winsome | News and Li-FT Power | News ) for important cautionary statements relating to the transaction and future prospects of the companies. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/15/c8011.html