Winsome Resources to Delist as Li-FT Power Acquisition Becomes Effective

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

Winsome Resources has confirmed that the Supreme Court of Western Australia has approved schemes under which Li-FT Power will acquire all fully paid ordinary shares and unlisted options in the company. Following the lodgement of court orders with the corporate regulator, the schemes are now legally effective, and Winsome shares are set to be suspended from trading on the ASX at the close of trade on 12 May 2026.

The company has outlined a detailed timetable for completing the transaction, including record dates on 14 May and an implementation date of 21 May, after which Winsome will be delisted from the ASX on 22 May 2026. Former Winsome investors will receive either new Li-FT CDIs on the ASX or Li-FT shares on the TSX Venture Exchange, underscoring a shift of the asset base into a Canadian-listed vehicle and marking the end of Winsome’s standalone listing in Australia.

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 ASX-listed company in the resources sector, with its securities also traded on the Frankfurt Stock Exchange and the OTCQB market. The company is focused on developing mineral assets and has attracted interest from Canadian-listed Li-FT Power Ltd., reflecting its strategic positioning within the battery metals and broader mining industry.

Average Trading Volume: 882,087

Technical Sentiment Signal: Buy

Current Market Cap: A$130.1M

See more data about WR1 stock on TipRanks’ Stock Analysis page.