Welcome to our dedicated page for Li-FT Power news (Ticker: LIFFF), a resource for investors and traders seeking the latest updates and insights on Li-FT Power stock.
Li-FT Power Ltd (LIFFF) is a Canadian lithium exploration company focused on discovering and developing high-grade pegmatite deposits, including its flagship Yellowknife Lithium Project. This page provides official news updates and press releases detailing the company’s progress in lithium resource evaluation, strategic acquisitions, and technical advancements.
Investors and industry observers will find timely information on drilling results, NI 43-101 compliant resource estimates, and corporate developments. Our curated collection ensures access to verified updates about LIFFF’s projects in Quebec and the Northwest Territories, including the Pontax and DeStaffany lithium properties.
Key content categories include exploration milestones, partnership announcements, and operational updates. All materials adhere to strict reporting standards, providing clear insights into the company’s methodology for identifying spodumene mineralization and expanding its resource base.
Bookmark this page for direct access to LIFFF’s latest developments in North America’s evolving lithium sector. Regularly updated to reflect new discoveries and strategic initiatives essential for informed decision-making.
Li-FT Power (LIFFF) has announced promising results from preliminary lithium conversion testwork conducted in 2025 on spodumene concentrate from its Yellowknife Lithium Project. The tests, performed at SGS Canada, achieved up to 98% lithium extraction under typical operating conditions.
The testwork was conducted on a DMS concentrate sample from the Big East deposit, which contained 5.60% Li2O and 0.65% Fe2O3. The mineralogical composition showed 70% spodumene content. The testing program included calcination, sulphuric acid mixing and roasting, and water leaching processes.
Key findings revealed optimal lithium extraction at calcination temperatures above 1050°C with a 30-minute residence time. The process yielded lithium concentrations in solutions up to 19,600 mg/L, demonstrating the project's potential as a future source of high-quality lithium for the North American battery supply chain.
Li-FT Power (LIFFF) has initiated its 2025 Environmental Baseline Data Collection Program at the Yellowknife Lithium Project, marking a important step toward advanced permitting activities and mine planning. The program builds upon data collected in 2023-2024 and will focus on areas near known pegmatite dykes where future infrastructure may be located.
The comprehensive program encompasses four main components:
- Aquatics Program: Including bathymetry, hydrology, and water quality surveys, starting April 5th with under-ice sampling
- Atmospherics Program: Covering air quality, noise, vibration, and meteorological monitoring
- Terrestrial Program: Focusing on vegetation, soils, permafrost, and wildlife studies
- Human Environment Program: Addressing heritage resources, land use, and socioeconomic conditions
The initiative is being managed by Det'on Cho Environmental, owned by the Yellowknives Dene First Nation, with a focus on Indigenous employment and community engagement.
Li-FT Power (LIFFF) has announced significant exploration results from its Pontax Lithium Project in Quebec's James Bay region. The company's 2023-2024 till sampling program, comprising 336 samples, has identified a substantial 25 by 10 km area with high spodumene grain counts in glacial sediments.
The project, located 300 km north of Matagami, includes both 100% owned claims and options from Harfang Exploration The company plans to initiate its maiden diamond drill program in April 2025, targeting three sizable areas within the anomaly. The 5,000-meter drilling campaign will focus on five drill fences across Corridors A, B, and C, with holes planned to a maximum vertical depth of 100 meters.
The exploration program revealed beryl-apatite-garnet bearing dykes with high Li, Cs, Ta, and Rb concentrations, considered promising indicators for nearby spodumene dykes. The company has also granted 10,543 Deferred Share Units to independent directors and terminated its Thompson Lundmark Property option agreement.
Li-FT Power (LIFFF) has completed the acquisition of a 100% interest in the DeStaffany, LDG, and Mackay Lithium Projects in Northwest Territories, Canada, from North Arrow Minerals. The transaction involved issuing 250,000 LIFT common shares and reimbursing approximately CAD $47,500 for reclamation bonds.
The DeStaffany Lithium Project spans 1,843 ha and features the Moose 1 and Moose 2 pegmatites, with historic samples showing up to 4.1% Li2O and 2.73% Li2O respectively. The LDG Project covers 8,600 hectares with 10 discovered spodumene pegmatite occurrences. The Mackay Project comprises 8,600 hectares with two significant spodumene occurrences, MK1 and MK3, showing samples up to 3.74% and 5.25% Li2O respectively.
The properties are subject to various royalties, including a 2% gross overriding royalty on DeStaffany and additional royalties on LDG, with buy-back provisions available.
Li-FT Power (LIFFF) has entered into a definitive agreement with North Arrow Minerals to acquire a 100% interest in three lithium projects in Northwest Territories, Canada: DeStaffany, LDG, and Mackay. The acquisition involves issuing 250,000 LIFT common shares to North Arrow Minerals.
The DeStaffany Project features two significant pegmatites: Moose 1 (370m strike length, up to 11m width) and Moose 2 (450m strike length, up to 30m width), with samples showing up to 1.5% and 1.98% Li2O respectively. The LDG Project comprises 8,600 hectares near the Diavik diamond mine with 10 spodumene pegmatite occurrences. The Mackay Project spans 8,661 hectares with two spodumene occurrences, showing samples up to 5.25% Li2O.
Li-FT Power has successfully closed a strategic $21.3 million private placement, consisting of 2,694,895 flow-through shares at $5.6575 and 1,645,105 hard dollar shares at $3.65 issued to a Strategic Investor. The proceeds will be used to advance the company's Yellowknife Lithium Project in Northwest Territories, with plans to complete a preliminary economic assessment in Q2 2025, and explore the Cali Project and lithium properties in Quebec. The Strategic Investor gains rights to maintain ownership thresholds, participate in equity financings, and potentially nominate a board director if ownership exceeds 10%.
Li-FT Power announces a strategic non-brokered private placement worth $21.3 million, comprising 2,694,895 flow-through shares at $5.6575 and 1,645,000 hard dollar shares at $3.65. A single strategic investor, currently holding 363,918 shares, will purchase all offered shares, increasing their ownership to 4,703,813 shares (9.99% of outstanding shares). The proceeds from hard dollar shares will advance Canadian assets and corporate purposes, while flow-through shares will fund Canadian exploration expenses in Northwest Territories by December 2025. The offering is expected to close by November 12, 2024, subject to conditions including TSX Venture Exchange approval.
Li-FT Power (TSXV:LIFT)(OTCQX:LIFFF) announces its maiden mineral resource estimate for the Yellowknife Lithium Project in Northwest Territories, Canada. The estimate reports 50.4 million tonnes grading 1.00% Li2O for 506,000 tonnes of Li2O (1.25 million tonnes of LCE) in the inferred category. This positions the project as the 3rd largest hard-rock maiden resource in Canada and the 10th largest in the Western Hemisphere.
Key highlights include:
- 6 of 8 spodumene dykes have unconstrained mineralization, offering growth potential
- 5 undrilled spodumene dykes provide further expansion opportunities
- Estimate based on 10 months and 49,548 m of drilling (286 holes)
- Excellent infrastructure access
- Preliminary Economic Assessment targeted for Q2 2025
Li-FT Power (TSXV: LIFT) (OTCQX: LIFFF) reports positive results from metallurgical testing on eight spodumene deposits at its Yellowknife Lithium Project in Northwest Territories, Canada. The tests, conducted by SGS Canada Inc., included heavy liquid separation, dense media separation (DMS), and batch flotation.
Key findings:
- Average spodumene concentrate grade: 5.83% Li2O
- Average global lithium recovery: 79.1%
- Two-stage DMS + flotation flowsheet: 81-89% lithium recovery
- Single-stage DMS + flotation flowsheet: 61-72% lithium recovery
CEO Francis MacDonald highlighted that the results, particularly the pilot-scale DMS testing, support the high-value potential of the Yellowknife lithium project for early mining sites and long-term production.
Li-FT Power (TSXV: LIFT, OTCQX: LIFFF) announced a significant expansion of its Cali Project by staking an additional 9,681 hectares in the Little Nahanni Pegmatite District, Northwest Territories, Canada. The new claims host outcropping spodumene pegmatites, continuing the Cali dyke swarm. This expansion follows the Government of Canada’s approval of amendments to the Sahtú Land Use Plan. CEO Francis MacDonald emphasized the cost-effectiveness of staking for increasing land position and potential project size. Additionally, LIFT terminated a previous agreement with Infinity Stone Ventures Corp. for the Shorty West Lithium Claim and entered a new agreement to acquire it in exchange for 12,000 common shares, pending TSX Venture Exchange approval. Lastly, LIFT granted 7,544 Deferred Share Units (DSUs) to independent directors, valued at $2.65 per DSU, as part of its Share Incentive Plan.
