Li-FT Power moves to acquire 50% of Galinée Property

Lithium explorer and developer Winsome Resources (ASX:WR1) has highlighted a recent announcement by Li-FT Power, which has entered into a definitive project acquisition agreement with Azimut Exploration to acquire Azimut's 50% interest in the Galinée property, subject to customary conditions.

Winsome noted that this agreement forms a key condition of the binding scheme implementation deed announced on Dec. 15, under which Li-FT intends to acquire 100% of Winsome's issued securities through Australian share and option schemes of arrangement, also subject to regulatory and shareholder approvals.