Court clears Li-FT Power takeover of Winsome Resources

Winsome Resources Limited ( (AU:WR1) ) has provided an update.

Winsome Resources has secured approval from the Supreme Court of Western Australia for its scheme of arrangement under which Li-FT Power will acquire all Winsome shares and unlisted options. The company plans to lodge the court orders with regulators on 12 May 2026, after which the schemes will become legally effective and Winsome shares are expected to be suspended from ASX trading, marking a significant step toward completing the takeover and transitioning ownership to Li-FT Power.

The court-approved schemes signal a major change in Winsome’s corporate control, effectively paving the way for shareholders and optionholders to be rolled into the Li-FT Power structure. Suspension of trading will end Winsome’s independent presence on the ASX, consolidating its assets under a larger North American lithium player and potentially reshaping its strategic direction, capital access and market positioning within the battery metals sector.

The most recent analyst rating on (AU:WR1) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Winsome Resources Limited stock, see the AU:WR1 Stock Forecast page.

More about Winsome Resources Limited

Winsome Resources Limited is an Australian-listed company on the ASX with additional listings in Frankfurt and the U.S. over-the-counter market, focused on lithium and related resource projects. The company operates within the battery metals sector, positioning itself to supply materials critical to the energy transition and electric vehicle industries.

Average Trading Volume: 882,087

Technical Sentiment Signal: Buy

Current Market Cap: A$130.1M

For an in-depth examination of WR1 stock, go to TipRanks’ Overview page.