Winsome Resources (WR1) Q2 2026 TU earnings summary

Executive summary

• Entered into a binding Scheme Implementation Deed for acquisition by Li-FT Power Limited, offering a 62% premium to the closing price and 68% premium to the 20-day VWAP as of December 8, 2025.

• Sold offtake rights to lithium, cesium, and tantalum from Case Lake Area for C$1.8 million, strengthening liquidity.

• Ended the quarter with A$7.0 million in cash and 26.83 million PWM shares valued at C$22.0 million.

• Secured exclusive 12-month option to acquire adjoining claims to Adina, expanding exploration footprint.

Financial highlights

• Cash and cash equivalents at quarter end were A$6.95 million, down from A$14.48 million in the previous quarter.

• Net cash used in operating activities for the quarter was A$3.39 million; net cash used in investing activities was A$4.11 million.

• Market capitalisation at December 31, 2025, was A$112.2 million with 243.9 million shares on issue.

• Estimated quarters of funding available is 0.84, with plans to adjust expenditures and seek additional funding if required.

Outlook and guidance

• Exploration and development expenditures expected to decrease in the next quarter, offset by transaction costs related to the acquisition.

• Reasonable prospects of securing additional funding if required during the scheme implementation period.