Northwire Canada EditionWednesday, July 29, 2026
Sign inSubscribe
Northwire
⌕
ICON 0.030 −33.3% ACS 0.070 +0.0% EMPR 0.850 +1.2% CYG 0.140 +0.0% IZN 0.080 +33.3% XXIX 0.110 +0.0% MERG 0.815 −4.1% LEGY 0.880 +0.0% GTWO 9.33 −2.1% CDA 0.920 +3.4% AUMB 0.580 +0.0% BOL 0.075 +15.4% ABRA 13.92 −3.4% GMIN 41.24 −2.0% PBM 0.045 +0.0% AEF 0.150 +3.5% ICON 0.030 −33.3% ACS 0.070 +0.0% EMPR 0.850 +1.2% CYG 0.140 +0.0% IZN 0.080 +33.3% XXIX 0.110 +0.0% MERG 0.815 −4.1% LEGY 0.880 +0.0% GTWO 9.33 −2.1% CDA 0.920 +3.4% AUMB 0.580 +0.0% BOL 0.075 +15.4% ABRA 13.92 −3.4% GMIN 41.24 −2.0% PBM 0.045 +0.0% AEF 0.150 +3.5%
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.

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 Jun 30, 2026 · 03:05

Li-FT Power drilled more high-grade lithium at Yellowknife while shares slumped to $4 amid funding needs for the Renard mine conversion.

Drill Results Jun 24, 2026 · 02:05

LIFT Enters into Binding Call Option Agreement for the Acquisition of the Renard Mine Site

M&A / Property May 28, 2026 · 03:05

Li-FT Power Consolidates Tier-1 Quebec Assets with Winsome Merger Completion and NI 43-101 Filing

Resource Estimate May 21, 2026 · 06:54

Li‑FT Power finalizes the Winsome acquisition, vaulting into the top ranks of Canadian hard‑rock lithium developers with a dual TSXV‑ASX listing and a clear runway to unlock the Adina‑Galinée district.

M&A / Property