Northwire Canada EditionFriday, July 10, 2026
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M&A / Property Routine +

LIFT Announces That Winsome Resources Securityholders Have Voted in Favour of the Proposed Combination Transaction

Li-FT Power Clears Shareholder Hurdle in Winsome Merger, Eyes Court Approval

By The Northwire Desk — AI Analysis May 05, 2026 · 05:29 LIFT · 5.38 Li-FT Power Ltd.
Executive Summary

On May 05, 2026, Li-FT Power Ltd. (LIFT) announced that securityholders of Winsome Resources Limited have voted in favor of the proposed combination transaction via schemes of arrangement. The vote satisfies a key condition precedent outlined in the Scheme Implementation Deed dated December 15, 2025. The transaction involves LIFT acquiring all outstanding Winsome shares and options through share and option schemes. Completion remains subject to Supreme Court of Western Australia approval and other conditions described in the Winsome Scheme Booklet released March 26, 2026. This follows a series of strategic moves including a C$48.1 million private placement (Jan 2026) and acquisitions of interests in the Galinee property (Feb 2026).

Material Impact

The news is categorized as Routine - Positive. While shareholder approval is a critical milestone, it was an expected outcome given the unanimous recommendation by the Winsome Board and support from major shareholders like Waratah Capital Advisors announced in December 2025. The strategic value of combining LIFT with Winsome (unlocking the Adina-Galinee district) was priced into the stock upon the initial announcement in December 2025, which saw the share price peak near $8.95 in January 2026. This vote removes execution risk regarding shareholder consent but does not alter the deal terms or add new value beyond what was previously disclosed. The remaining risk lies with Supreme Court approval and regulatory conditions.

LIFT · Price
Company Overview

Li-FT Power Ltd. is a Canadian lithium exploration company focused on building a portfolio of hard-rock lithium assets. The flagship asset is the Yellowknife Lithium Project (YLP) in the Northwest Territories, which hosts an inferred resource of 50.4 Mt @ 1.0% Li2O. The company is also consolidating the Adina-Galinee District in Quebec through the Winsome Resources combination and direct acquisitions from Azimut and SOQUEM. Other assets include the Cali Project (NWT) and Greenfields projects in Quebec (Pontax, Rupert).

Read the original news release →

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Li‑FT’s Winsome merger clears final legal gate; now the real test of integration and lithium market recovery begins.

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