Key Takeaways:
Li-FT Power Ltd.’s acquisition of Winsome Resources Ltd. moved a step closer to completion after two key shareholder votes approved the transaction announced on December 14, 2025. Shareholders and optionholders of Winsome Resources both voted in favor of the schemes of arrangement.
"The voting results satisfy two of the key remaining conditions precedent of the Schemes," Li-FT Power said in a statement. The deal, which will see Li-FT acquire all outstanding Winsome shares and options, remains subject to approval by the Supreme Court of Western Australia, with a hearing scheduled for May 11, 2026.
If the court approves the scheme, Winsome shares are expected to be suspended from trading on May 12, with the deal's implementation on May 21. Winsome would subsequently be delisted from the Australian Securities Exchange on May 22, and new Li-FT shares and CHESS Depositary Interests (CDIs) would begin trading.
The combination of Canada-based Li-FT and Australian-listed Winsome creates a more significant player in the lithium exploration sector. Li-FT's flagship is the Yellowknife Lithium Project in Canada, while Winsome brings its own portfolio of lithium projects. The merger is expected to create operational synergies and a more attractive asset base for investors focused on the green energy transition. The next major catalyst will be the court's decision on May 11.
This article is for informational purposes only and does not constitute investment advice.
