5 May 2026
May 5, 2026 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce that the shareholders and optionholders of Winsome Resources Limited (ASX: WR1; “Winsome”) have each separately voted in favour of the schemes of arrangement in relation to the proposed combination transaction between LIFT and Winsome.
Pursuant to the transaction announced on December 14, 2025, it is contemplated that LIFT will acquire all of the outstanding Winsome shares under a share scheme of arrangement (“Share Scheme”) and all of the outstanding Winsome options under a related option scheme of arrangement (“Option Scheme” and together, the “Schemes”), in exchange for the issue of new LIFT shares and LIFT CDIs, with the LIFT CDIs to be quoted on the Australian Securities Exchange.
The voting results satisfy two of the key remaining conditions precedent of the Schemes as set out in the Scheme Implementation Deed dated as of December 15, 2025, entered into by LIFT and Winsome. The Schemes remain subject to approval by the Supreme Court of Western Australia, and other conditions precedent as previously announced and described in the Scheme Booklet released by Winsome on March 26, 2026 (“Scheme Booklet”).
The Company expects to communicate additional details regarding the timeline as to the remaining steps for the completion of the Schemes once available.
Capitalised terms used but not defined in this announcement have the meaning given to them in the Scheme Booklet.