On December 15, 2025, Li-FT Power Ltd. has signed a binding scheme implementation deed to acquire 100% of Winsome Resources via Australian share and option schemes of arrangement, offering 0.107 of a Li-FT share or CDI per Winsome share. This implies an offer price of A$0.501 (about C$0.461) per Winsome share, a 62% premium to Winsome’s A$0.310 (around C$0.285) undisturbed close and a 68% premium to its 20-day VWAP of A$0.299 (about C$0.275), valuing Winsome at approximately A$130.8 million (roughly C$120.3 million) on a fully diluted in-the-money basis, based on an AUD/CAD FX rate of 0.9201. The Winsome board unanimously recommends the transaction, and Waratah Capital Advisors (9.3%) has indicated it will vote in favour, subject to customary conditions.

Li-FT has also entered into a non-binding letter of intent to acquire a 75% interest in the adjacent Galinée property from Azimut Exploration and SOQUEM, which is interpreted to host a continuation of the Adina mineralization. The Winsome transaction is conditional on completion of the Galinée transaction, completion of a C$30 million subscription receipt offering to fund Adina–Galinée, Li-FT’s admission to the ASX, and other regulatory and shareholder approvals, alongside a concurrent C$10 million common share placement to fund Yellowknife.

Winsome has also sold its Case Lake area offtake rights for C$1.8 million and continues to hold a 15.6% interest in Power Metals Corp., valued at C$23.6 million.