Li-FT Power Consolidates Lithium Portfolio With Winsome Acquisition And Galinée Interest Under Conditional Deed Structure

Li-FT Power is making significant moves to strengthen its Québec lithium presence through a dual-transaction strategy. The company will acquire 100% of Winsome Resources through a formal scheme of arrangement, while simultaneously securing a 75% stake in the adjacent Galinée property—creating a unified Adina-Galinée lithium complex that spans complementary mineralization zones.

The Valuation And Premium Mechanics

The Winsome deal offers shareholders 0.107 Li-FT shares for each Winsome share, translating to A$0.501 per share based on Li-FT’s December 10 five-day volume-weighted average price. This represents a significant 62% premium to Winsome’s prior close and 68% above its 20-day VWAP, signaling aggressive pricing aligned with the conditional deed of sale framework. Winsome’s board has unanimously recommended the transaction, with insiders holding 6.2% of shares and 42.3% of options backing the deal, alongside Waratah Capital Advisors’ 9.3% stake voting in support.

Asset Integration And Mineralization Continuity

The Galinée property’s strategic value lies in its immediate adjacency to Winsome’s Adina project, with geological interpretation suggesting mineralization extends across both properties. Post-integration, Galinée becomes part of the broader Adina-Galinée complex, creating operational synergies and expanded resource potential within a defined geographic footprint. Avenir Minerals Limited, acting as a strategic shareholder with established permitting and construction credentials in Québec, provides operational backing for both transactions.

Capital Mobilization And Timeline

Li-FT will launch concurrent financing to underpin asset development: a C$30 million subscription receipt offering targets Adina-Galinée exploration and development, conditional on Winsome transaction completion by June 30, 2026. An additional C$10 million equity raise supports the company’s flagship Yellowknife Lithium Project. Following the Galinée transaction close, Winsome shareholders will own approximately 35.3% of the combined entity on a fully diluted basis.

Market Access And Governance

Li-FT has committed to applying for Australian Securities Exchange admission, with shares trading via CHESS Depository Interests (CDIs). Upon Winsome transaction completion, Chris Evans joins the Li-FT board as Managing Director, while Simon Iacopetta assumes a strategic advisory role. The transaction structure remains subject to standard closing conditions including regulatory approvals, shareholder votes, and court authorization, with the conditional deed of sale framework governing the implementation timeline through mid-2026.