Li-FT Power Enters into Definitive Agreement to Acquire Winsome Resources
On December 15, 2025, Li‑FT Power Ltd. (“Li‑FT”) entered into a binding scheme implementation deed pursuant to which it agreed to acquire all of the issued securities of Winsome Resources Limited (“Winsome”) for approximately A$130.8 million. The transaction will be implemented by way of Australian share and option schemes of arrangement under the Australian Corporations Act.
Under the terms of the transaction, Winsome shareholders will receive 0.107 of a Li‑FT common share or a CHESS Depository Interest representing one Li‑FT common share for each Winsome share held, implying an offer price of A$0.501 per Winsome share based on the applicable volume‑weighted average price of Li‑FT shares. The transaction is subject to customary closing conditions, including Winsome shareholder approval, court approval, regulatory approvals, and completion of a concurrent financing by Li‑FT.
Li‑FT is a Canadian mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects, with assets located in the Northwest Territories and Québec.
Winsome is an Australian headquartered, ASX-listed exploration and development company with lithium projects located in the Eeyou Istchee James Bay region of Québec, including its flagship Adina lithium project.
McCarthy Tétrault LLP advised Li‑FT with a team led by Shaun Khullar that included Ivor Selimovic, Maneet Kahlon (M&A and Mining), Michael Caldecott (Competition/Antitrust & Foreign Investment), Mike Hegedus (Tax), Pierre Langlois, Joannie Jacques (Real Property & Planning) and Francis Racine (Labour & Employment).
