Winsome Resources Says Li-FT Power Enters Definitive Project Acquisition Agreement for Canadian Property Stake with Azimut Exploration
MT Newswires Live
Dec 29, 2025
Winsome Resources (ASX:WR1) said Li-FT Power entered into a definitive project acquisition agreement with Azimut Exploration to acquire Azimut's interest in the exploration rights at the Galinée property in Canada, which hosts lithium-bearing pegmatites adjacent to Winsome's Adina deposit, according to a Monday Australian bourse filing.
Azimut's interest represents 50% of the total stake in the property.
LiFT agreed to acquire Azimut's interest in the property by issuing 2 million common shares, and it will retain a 1.4% net smelter royalty on the property. Azimut will also be entitled to a CA$1.5 million deferred payment, payable in cash, or, subject to certain terms and conditions.
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