Northwire Canada EditionFriday, November 13, 2026
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M&A / Property

Li-FT Power Signs Definitive Project Acquisition Agreement with Azimut

Li-FT Power Consolidates James Bay District via Winsome Merger and Galinée Acquisition, Creating a North American Lithium Titan

By The Northwire Desk — AI Analysis Dec 24, 2025 · 03:05 LIFT · 4.4 Li-FT Power Ltd.
Executive Summary

The most recent news (December 24, 2025) confirms the execution of a definitive project acquisition agreement with Azimut Exploration to acquire a 50% interest in the Galinée property. This follows the transformative announcement on December 14, 2024, where Li-FT Power (LIFT) agreed to a "Scheme of Arrangement" to merge with Winsome Resources (WR1). Li-FT is effectively acquiring Winsome in a share-exchange deal (0.107 LIFT shares for every 1 Winsome share) and concurrently acquiring a 75% total interest in the Galinée property (50% from Azimut, 25% from SOQUEM). To fund the combined entity, LIFT announced a $40 million CAD concurrent financing consisting of flow-through and non-flow-through units.

Material Impact

This sequence of events is a "Game Changer" for Li-FT Power. - Scale: The combination of Winsome’s Adina project (61.4 Mt @ 1.14% Li2O Indicated) and Li-FT’s Yellowknife project (50.4 Mt @ 1.00% Li2O Inferred) creates one of the largest hard-rock lithium resource bases in North America. - District Consolidation: By acquiring the Galinée property, which is adjacent to Adina, LIFT removes artificial property boundaries that previously constrained the development of the Adina-Galinée spodumene system. - Financial Strength: The $40 million financing provides a significant cash runway to advance both the Quebec and NWT assets simultaneously, mitigating the "junior explorer" risk of constant dilutive micro-raises. - Management Upgrade: The appointment of Anthony Tse (former CEO of Galaxy Resources) as Executive Chairman in July 2025 was a precursor to this M&A activity, signaling a shift from exploration-only to major project development and M&A.

LIFT · Price
Company Overview

Li-FT Power's primary asset was the Yellowknife Lithium Project (YLP) in the Northwest Territories. YLP hosts an Inferred Resource of 50.4 Mt at 1.00% Li2O. The company also holds the Cali project (NWT) and various Quebec assets (Pontax, Rupert, Nottaway). Post-merger, the "Adina-Galinée" project in the James Bay region of Quebec becomes the combined flagship due to its higher confidence (Indicated) resource and immediate development potential.

Read the original news release →

More from Li-FT Power Ltd.

Oct 26, 2026 · 03:05

Li-FT Power reports solid resource-grade infill drilling at its project, although five of 45 holes failed to reverse an 84% drawdown.

Drill Results Oct 05, 2026 · 03:05

Li-FT Power receives a $12m fee after meeting the Renard option condition by funding annual site upkeep costs.

M&A / Property Aug 12, 2026 · 09:07

Li-FT Power raises C$23m to fund one-year care and maintenance of the Renard option.

Financings Aug 04, 2026 · 16:41

Li-FT Power’s discounted $20M equity raise funds care-and-maintenance operations at its Renard project.

Financings Jul 17, 2026 · 03:05

Li-FT Power begins drilling at Adina-Galinee while facing ongoing dilution issues and persistent cash burn concerns.

Drill Results Jul 14, 2026 · 03:05

Li-FT Power advances its lithium processing pathway after regulatory clearance of the Renard option agreement.

M&A / Property