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Li-FT Power Ltd. reports developments tied to its Canadian lithium pegmatite exploration portfolio, including drilling activity, project studies, property acquisitions, and corporate financing matters. The company’s flagship asset is the Yellowknife Lithium Project in the Northwest Territories, and its portfolio also includes the Cali Project in the Little Nahanni Pegmatite Group and early-stage exploration properties in Quebec.
Recurring updates for LIFFF include work programs at Yellowknife, downstream lithium carbonate converter planning, ownership changes at the Galinée Property, share-based consideration and royalties connected to mineral property agreements, management appointments, incentive grants, governance matters, and operating or financial results.
Li-FT Power (OTCQX: LIFFF) reported 2026 winter drilling results from the BIG East pegmatite at its Yellowknife Lithium Project, NWT. Eight of 17 holes are detailed, highlighted by 26 m at 1.29% Li2O in YLP-0312, including 17 m at 1.65% Li2O.
The current inferred mineral resource totals 50.4 Mt at 1.00% Li2O (506,000 t Li2O), with BIG East contributing 16.5 Mt at 1.06% Li2O. Several deeper holes intersected pegmatite with negligible spodumene, while mineralization locally remains open along strike and at depth.
LIFT (OTCQX: LIFFF) outlined the updated timetable for its combination with Winsome Resources under approved Share and Option Schemes. The Supreme Court of Western Australia approved both schemes on May 11, 2026. The schemes are expected to become legally effective on May 12 and be implemented around May 21, 2026.
Li-FT Power (TSXV: LIFT; OTCQX: LIFFF) announced that Winsome Resources shareholders and optionholders voted in favour of the proposed combination via separate schemes of arrangement.
The votes satisfy two remaining conditions precedent under the Scheme Implementation Deed dated December 15, 2025. Completion remains subject to Supreme Court of Western Australia approval and other conditions. LIFT plans to issue new LIFT shares and LIFT CDIs, with CDIs to be quoted on the ASX.
Li-FT Power (TSXV: LIFT / OTCQX: LIFFF) launched its 2026 Environmental Baseline Data Collection Program at the Yellowknife Lithium Project on March 31, 2026. The multi-component program expands baseline studies around the Big-Nite pegmatite cluster to support project planning, impact assessment and future permitting.
Li-FT Power (TSXV: LIFT; OTCQX: LIFFF) closed its acquisition of an additional 25% interest in the Galinée property from SOQUEM on March 9, 2026, bringing LIFT's ownership to 75%.
Consideration was 1,000,000 common shares subject to a four-month-and-one-day statutory hold period; SOQUEM retains the remaining 25% and LIFT is operator under a joint venture.
Li-FT Power (TSXV: LIFT; OTCQX: LIFFF) has started a Scoping Study to develop a 30ktpa lithium carbonate converter integrated with its Yellowknife Lithium Project in Northwest Territories. The study includes a high-level site evaluation and partners with SCT, an experienced lithium chemicals engineering provider.
The Converter Project aims to process spodumene concentrate into battery-grade lithium carbonate to support a domestic Canadian lithium supply chain and growing North American battery demand.
LIFT (OTCQX: LIFFF) appointed Jeff Reinson as Senior Vice President of Development, effective Feb 25, 2026. Reinson brings 25+ years of mining project, engineering and operations leadership from roles at Burgundy Diamond Mines, First Mining Gold, Goldcorp, Newmont and Rio Tinto.
The company granted 175,000 options exercisable at $7.20 (five-year term, staged vesting) and 15,000 RSUs vesting over three years. LIFT also retained Rose & Co. for investor relations at USD $50,000 quarterly starting Feb 23, 2026, subject to TSXV approval.
Li-FT Power (TSXV: LIFT; OTCQX: LIFFF) signed a definitive purchase agreement dated February 23, 2026 to acquire an additional 25% interest in the Galinée property from SOQUEM, which would increase LIFT’s aggregate interest to 75%.
Consideration for SOQUEM’s 25% interest is 1,000,000 common shares, subject to a four-month-and-one-day statutory hold. The transaction remains subject to TSX Venture Exchange approval and customary closing conditions. LIFT will continue as operator under the joint venture with SOQUEM.
Li-FT Power (TSXV: LIFT / OTCQX: LIFFF) closed its acquisition of a 50% interest in the Galinée property from Azimut in Québec, adjacent to the Adina lithium deposit owned by Winsome. Consideration included 2,000,000 common shares and a 1.4% NSR.
The Azimut agreement also includes deferred consideration of $1,500,000 payable in cash or shares at the earlier of an economic study completion or 18 months post-closing; shares issued are subject to a four-month-and-one-day statutory hold.
LIFT (TSXV: LIFT, OTCQX: LIFFF) has started a 6,770m diamond drilling program at the BIG East spodumene pegmatite within the Yellowknife Lithium Project, Northwest Territories, on Feb 17, 2026. The program targets extensions of high-grade intercepts (e.g., 1.56% Li2O over 26m) to ~300m depth.
Results will feed a Preliminary Economic Assessment (PEA) expected in 2027; BIG East currently represents roughly one third of YLP's global resource tonnes.