Winsome Resources Sets Date for Second Court Hearing on Li-FT Takeover Scheme

An update from Winsome Resources Limited ( (AU:WR1) ) is now available.

Winsome Resources has provided an update on its proposed acquisition by Canadian-listed Li-FT Power Ltd. via a scheme of arrangement covering all fully paid ordinary shares and unlisted options. The company has outlined the timetable and process for the Second Court Hearing in Western Australia, where court approval of the share and option schemes will be considered following shareholder and optionholder votes, including instructions for any parties wishing to oppose the transaction, underscoring that the deal is advancing through the final legal stages.

The Second Court Hearing is scheduled for 10:00am AWST on 11 May 2026 at the Supreme Court of Western Australia, marking a key milestone that could see Winsome move under Li-FT’s control if the schemes are approved. The update signals that the acquisition is progressing on schedule, with court oversight providing procedural certainty for investors and other stakeholders as the companies move toward potential completion of the transaction.

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 Australia-listed company focused on mineral resources, with its shares traded on the ASX under the ticker WR1 and also quoted in Frankfurt and on the OTCQB market. The company operates in the mining and resources sector, positioning itself to attract both domestic and international investors through multiple exchange listings.

Average Trading Volume: 672,482

Technical Sentiment Signal: Buy

Current Market Cap: A$120.3M

For a thorough assessment of WR1 stock, go to TipRanks’ Stock Analysis page.