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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 (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.
Li-FT Power (TSXV: LIFT / OTCQX: LIFFF) reported results from its 2025 Yellowknife Lithium Project program. Drilling included 18 holes (3,171 m) focused on resource delineation, geotechnical work and groundwater wells. Key intercept: 1.56% Li2O over 26 m from groundwater well YLP-0295 within the Shorty pegmatite corridor. Other notable assays: 1.24% Li2O over 13 m in YLP-0290 and a 1 m sample of 0.62% Li2O in YLP-0303; several deep holes returned negligible assays. Shorty corridor mapped at least 1.4 km long and up to 100 m wide. Company also granted 2,065,000 stock options, 87,300 RSUs and 7,889 DSUs at C$7.50.
Li-FT Power (TSXV:LIFT; OTCQX:LIFFF) signed a definitive project acquisition agreement with Azimut to acquire Azimut’s 50% interest in the Galinée property, subject to customary closing conditions and TSX Venture approval for share issuance.
Consideration includes 2,000,000 Li-FT common shares at closing, a 1.4% NSR on Galinée, and $1,500,000 deferred payable in cash or Li-FT shares upon completion of an economic study or 18 months, whichever is earlier.
Galinée highlights: wide, high-grade lithium pegmatites, multiple prospects, new spodumene-bearing boulders from recent till sampling, and proximity to Winsome’s Adina deposit.
Li-FT Power (TSXV: LIFT / OTCQX: LIFFF) reported results from a summer 2025 indicator-mineral study at the Nottaway Lithium Project in Eeyou Istchee, Quebec. ODM processed 49 till samples and identified a 1 x 3 km area of elevated spodumene grain counts in tills, including five samples >200 grains and a top result totaling approximately 2,000 spodumene grains (800 dense + ~1,200 mid-density).
The dataset shows a clear up-ice cutoff and an associated sample of ~400 grains nearby, supporting a proximal up-ice source and indicating potential concealed spodumene-bearing pegmatites beneath till cover. The program targeted areas with very limited outcrop.
Li-FT Power (TSXV: LIFT; OTCQX: LIFFF) announced on December 4, 2025 that it, the Yellowknives Dene First Nation, and Det'on Cho Environmental received the Trailblazer Award from the Northwest Territories and Nunavut Chamber of Mines for the Yellowknife Lithium Project.
The award recognizes collaborative leadership in creating career-oriented opportunities for Indigenous community members. The partnership emphasizes hiring, training, capacity building, Indigenous-owned business participation, and environmental stewardship through YKDFN's training arm Decḩı̨ta Nàowo and DCE's workforce development.
Li-FT Power (OTCQX: LIFFF) filed and received a receipt for a final short form Base Shelf Prospectus in Canada on November 18, 2025 to replace an expired shelf.
The Base Shelf Prospectus permits offers of common shares, warrants, subscription receipts, units or debt up to an aggregate of CA$200 million and remains effective for 25 months until December 2027. The company also announced a change in financial year-end from November 30 to December 31, with a transition year-end of December 31, 2025.
LiFT (TSXV:LIFT / OTCQX:LIFFF) reported results from 2025 exploration at the Cali Lithium Project, NWT on October 16, 2025. Channel sampling produced 187 one‑metre samples from 24 channels and 43 rock samples. Highlights include 1.9% Li2O over 21 m and multiple channels >1.0% Li2O; peak rock assays reached 2.86% Li2O. Mapping confirmed six new spodumene pegmatites in a northwest extension that adds ~3 km to the defined Little Nahanni Pegmatite Group corridor (now ~13 km corridor with a minimum 400 m width). Metallurgical recoveries are pending in Q1 2026.
Li-FT Power (TSXV: LIFT; OTCQX: LIFFF) completed the 2025 Environmental Baseline Studies Program for the Yellowknife Lithium Project, representing the first full year of required seasonal baseline data collection toward advanced permitting and Environmental Assessment.
The program covered aquatic, atmospheric, terrestrial, and human environments, ran April–September 2025 for many field programs, and was led by Indigenous-owned Det'on Cho Environmental. Data will inform mine planning and economic studies; certain monitoring (air quality, meteorology) will continue year-round and a second year of seasonal baseline data is still required.
Li-FT Power (OTCQX: LIFFF) has elected to proceed with the second option for the Pontax Property in Quebec's Eeyou-Istchee James Bay region, following its successful acquisition of an initial 51% interest. To secure an additional 19% stake (total 70%), LIFT must make a $50,000 payment and invest $3.35 million in exploration within three years.
The company will satisfy the initial payment by issuing 14,044 shares at $3.56 per share. Upon completion, Harfang can either convert its remaining 30% interest into a 2.5% NSR royalty or form a joint venture. Additionally, LIFT granted 8,422 Deferred Share Units to independent directors at $2.30 CAD per unit.