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LI-FT PWR LTD (symbol: LIFFF) is a groundbreaking company specializing in harnessing renewable and sustainable energy sources. Their core business involves developing cutting-edge technologies to maximize energy efficiency while minimizing environmental impact. The company has recently achieved significant milestones in advancing clean energy solutions, securing partnerships with industry leaders, and launching innovative products that are revolutionizing the energy sector. LI-FT PWR LTD's commitment to sustainability, technological innovation, and financial stability makes them a key player in the transition to a greener future.
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.
Li-FT Power (TSXV: LIFT) (OTCQX: LIFFF) has announced a strategic acquisition of the Shorty West Lithium mineral claim from Infinity Stone Ventures Corp. The claim is adjacent to LIFT's existing Yellowknife Lithium Project, potentially expanding the company's lithium resources. As consideration, LIFT will issue 12,000 common shares to Infinity Stone Ventures, subject to resale restrictions under Canadian securities laws. The acquisition, dated July 17, 2024, is pending approval from the TSX Venture Exchange. This move demonstrates LIFT's commitment to strengthening its position in the lithium market and expanding its project portfolio in the Yellowknife area.
Li-FT Power has announced assay results from 13 drill holes at its Yellowknife Lithium Project in the Northwest Territories.
The highlights include 25 meters at 1.21% Li2O at the Shorty pegmatite, and 13 meters at 1.05% Li2O at the Ki pegmatite. These results conclude the winter 2024 drill program, which comprised around 50,000 meters over the last 12 months. Significant intervals of spodumene mineralization were identified across multiple pegmatite complexes: Shorty, Ki, Echo, BIG East, Fi SW, Nite, and BIG West.
The company plans to release a maiden resource estimate and metallurgical test work in the coming months. CEO Francis MacDonald commended the team for their successful winter drill program, emphasizing the project's scale and potential growth. The company continues to explore additional mineralization at depth and along strike in these areas.
Li-FT Power reported assay results from 13 drill holes at the Yellowknife Lithium Project, intersecting significant spodumene mineralization. Notable results include 33 m at 1.09% Li2O at the Echo pegmatite. The drilling program covered various pegmatite complexes including Echo, BIG East, Ki, Fi Main, and Shorty, with the Echo showing the most promising results. Highlights include YLP-0281 hitting 15 m at 1.19% Li2O and YLP-0285 hitting 17 m at 1.05% Li2O. Drilling revealed new spodumene-bearing dykes, indicating potential for further discoveries.
Li-FT Power has announced assay results from 12 drill holes at its Yellowknife Lithium Project (YLP) in the Northwest Territories. The highlights include a 35-meter interval at 1.32% Li2O at the Shorty pegmatite and an 11-meter interval at 1.16% Li2O at the Ki pegmatite. Other significant results were reported from the Echo, BIG East, and Fi Main pegmatites. These findings extend high-grade mineralization at the Shorty pegmatite to a total of 400 meters on the surface. The company recently completed its winter drilling program, totaling 49,548 meters across 286 diamond drill holes. These new intersections provide promising indications of substantial lithium resources, which could enhance the project's economic viability.
Li-FT Power reports significant findings at the Cali Lithium Project in Canada, with grab samples showing up to 3% Li2O within a 1.5 km by 1 km area. The company conducted a successful surface program in 2023, revealing a larger spodumene pegmatite dyke system than anticipated, with numerous spodumene pegmatite swarms present. Out of 163 grab samples collected, 124 returned grades greater than 1.0% Li2O, indicating strong lithium potential at the site. The CEO of LIFT, Francis MacDonald, expressed optimism about the project's potential to host a large spodumene resource.
Li-FT Power reported results from its summer 2023 exploration program at the Pontax Project and the Rupert Project in Quebec. An impressive 13 km by 6 km spodumene anomaly was defined at Pontax, suggesting a potential large spodumene pegmatite dyke swarm buried beneath glacial sediments. Additional spodumene anomalies were found on the Rupert property. The company collected rock samples with lithium values of up to 0.56% Li2O and conducted a till sampling program to test for lithium anomalies.
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