11 May 2026
May 11, 2026 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) further to its press release dated May 5, 2026, is pleased to provide an update on the anticipated timetable in respect of the proposed combination transaction with Winsome Resources Limited (ASX: WR1; “Winsome”), pursuant to which 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.
On May 11, 2026, the Supreme Court of Western Australia (“Court”) made orders approving the Share Scheme and the Option Scheme. LIFT understands Winsome intends to lodge an office copy of the orders made by the Court with the Australian Securities and Investments Commission (“ASIC”) on Tuesday May 12, 2026, at which time the Schemes will become legally effective. Implementation of the Schemes to complete the acquisition of Winsome is expected to occur on or around May 21, 2026.
The anticipated timeline is set out in the table below:
| Date (Perth, Australia Time) | Event |
|---|---|
| May 12, 2026 | Effective Date. Court Order lodged with ASIC and announced to ASX. Winsome Shares suspended from trading on ASX at close of trading. |
| May 14, 2026 | Record Date in respect of the Schemes. For determining entitlements to Share Scheme Consideration and Option Scheme Consideration. |
| May 21, 2026 | Implementation Date. Scheme Shares transferred to LIFT and Share Scheme Consideration issued to the eligible Scheme Shareholders. Scheme Options cancelled and Option Scheme Consideration issued to the Scheme Optionholders. |
All dates are indicative only and are subject to, among other things, the satisfaction (or, where applicable, waiver) of the remaining conditions precedent under the Scheme Implementation Deed entered into by LIFT and Winsome on December 15, 2025. For further details and for any changes to the above timetable, please refer to Winsome’s communications.
Capitalised terms used but not defined in this announcement have the meaning given to them in the Scheme Booklet.