14 December 2025
VANCOUVER, British Columbia and Perth, Western Australia – 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.