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Winsome Resources Limited ( (AU:WR1) ) has issued an announcement.
Winsome Resources shareholders and optionholders have overwhelmingly approved Li-FT Power’s proposal to acquire 100% of the company via interdependent share and option schemes of arrangement. The strong support at the scheme meetings clears a major hurdle for the transaction, positioning Winsome for removal from the ASX and integration into Li-FT’s broader platform once court and regulatory conditions are satisfied.
The schemes remain subject to approval by the Supreme Court of Western Australia at a hearing scheduled for 11 May 2026, and to remaining conditions precedent outlined in the parties’ implementation deed. If approved, the schemes are expected to become effective on 12 May, with Winsome shares suspended from trading the same day, implementation on 21 May and Winsome’s delisting from the ASX on 22 May, after which new Li-FT CDIs and shares will begin trading in Australia and Canada.
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 whose shares trade on the ASX, with secondary listings in Frankfurt and on the OTCQB. The company is the target of a full acquisition by Canadian lithium explorer Li-FT Power Ltd., which is listed on the TSX Venture Exchange and plans to issue new shares and CHESS Depositary Interests as consideration.
Average Trading Volume: 667,391
Technical Sentiment Signal: Buy
Current Market Cap: A$120.3M
For detailed information about WR1 stock, go to TipRanks’ Stock Analysis page.