202624 releases
Li-FT Announces First Results From Summer Drill Program at the Adina-Galinée Lithium Project, Quebec
Li-FT Power reported assay results from the first 5 of 45 drill holes at its Adina-Galinée Lithium Project in Quebec, with a highlight of 56 metres of 1.43% Li2O in drill hole ALP002. The 45 holes comprise 39 holes totalling 11,420.5 metres from the 2026 summer drilling program and 6 historical holes from 2024 totalling 1,983 metres.
Drill resultsRelease Conditions for Renard Option Satisfied
Authorization from Québec's Ministère des Ressources naturelles et des Forêts to postpone rehabilitation and restoration work at the Renard mining site until June 23, 2028 has been received, satisfying the last condition for release of the C$12 million cash option fee paid under the June 23, 2026 call option agreement with Stornoway Diamonds (Canada) Inc. and others; the Monitor will release the fee to secured creditors. LIFT has advanced C$18 million to the Monitor for care and maintenance, and has engaged i2i Marketing Group with a minimum US$1.4 million budget.
NewsLi-FT Power Projects Featured in Canada Investment Summit Prospectus
Li-FT Power's Yellowknife Lithium Project and Lithium Carbonate Conversion Facility have been selected for inclusion in the investment prospectus for the Canada Investment Summit, held September 14-15, 2026, in Toronto and hosted by Prime Minister Mark Carney with CPP Investments and PSP Investments. The company also entered a consulting agreement with Prospect Capital Relations, effective September 15, 2026, for investor relations services at C$10,500 per month plus taxes, terminable on 30 days' notice and subject to TSX Venture Exchange approval.
CorporateLIFT Closes C$23 Million Public Offering
A bought deal public offering of 7,935,000 common shares at C$2.90 per share closed for gross proceeds of C$23,011,500, including full exercise of the over-allotment option. The syndicate was led by Canaccord Genuity Corp. as lead underwriter and sole bookrunner, with underwriters paid a 5.0% cash commission, reduced to 2.5% on certain president's list orders. Net proceeds will fund estimated first-year care and maintenance costs under the Renard option agreement and working capital.
FinancingLIFT Announces C$20 Million Public Offering
A bought deal public offering of 6,900,000 common shares at C$2.90 per share for gross proceeds of C$20,010,000 has been agreed with Canaccord Genuity Corp. as lead underwriter and sole bookrunner. Underwriters hold a 30-day over-allotment option for up to an additional 15% of the shares. Net proceeds will fund estimated care and maintenance costs for the first year of the Renard option period and working capital, with closing expected on or about August 12, 2026.
FinancingLIFT Announces Key Executive Appointments for Next Phase of Development
Jeff Reinson has been appointed Chief Operating Officer and April Hayward Executive Vice President, External Affairs & Strategic Partnerships of Li-FT Power, effective July 20, 2026. Reinson, who joined as Senior Vice President of Development in February 2026, will relocate to Montréal later this year to establish the Company's Montréal office near its James Bay lithium projects in Québec. LIFT also granted an officer 75,000 stock options exercisable at C$3.36 per share and 10,000 restricted share units.
ManagementLIFT Announces Commencement of Drilling at the Adina-Galinée Lithium Project, Québec
Drilling has begun at the Adina-Galinée Lithium Project in Québec, with a 2026 program of 163 diamond drill holes totalling 38,970 m aimed at infill and expansion of the current Mineral Resource Estimate, on 50 m spaced sections with pierce points about 75 m apart and testing to depths of up to 400 m below surface. Surface work across Adina-Galinée, Cancet, Tilly, Sirmac-Clapier and Nottaway includes 1,672 till samples, 425 rock samples and mapping over 16,355 ha.
Drill resultsCourt Approves Option to Acquire the Renard Mine Site
The Superior Court of Québec has approved Li-FT Power's binding call option agreement dated June 23, 2026 with Stornoway Diamonds (Canada) Inc., 11272420 Canada Inc. and monitor Deloitte Restructuring Inc., giving LIFT an exclusive option to acquire the Renard diamond mine, processing facility and infrastructure in Eeyou Istchee James Bay, Québec, or the shares of Stornoway or 1127 Canada. LIFT paid a C$12 million option fee, exercisable for C$1.00 until June 23, 2028, and is responsible for care and maintenance costs estimated at C$18 million annually. The fee is returnable if ministerial authorization to postpone rehabilitation work is not received by October 3, 2026.
AcquisitionLIFT Reports Drill Results from Yellowknife Lithium Project, NWT
Drilling at the Yellowknife Lithium Project in the Northwest Territories returned 26 m at 1.29% Li2O (including 17 m at 1.65% Li2O) in hole YLP-0312 at BIG East, 18 m at 1.41% Li2O in YLP-0306 at Ki, 21 m at 1.09% Li2O (including 13 m at 1.38%) in YLP-0304 at Fi Main, 22 m at 1.09% Li2O in YLP-0315 and 17 m at 1.32% Li2O in YLP-0320. Results cover 20 holes totalling 5,324 m from the 2026 winter and 2025 summer programs.
Drill resultsLIFT Enters into Binding Call Option Agreement for the Acquisition of the Renard Mine Site
A binding call option agreement dated June 23, 2026 with Stornoway Diamonds (Canada), 11272420 Canada and monitor Deloitte Restructuring gives LIFT an exclusive option to acquire the Renard diamond mine, processing facility and infrastructure in Eeyou Istchee James Bay, Québec, or the shares of Stornoway or 1127 Canada, subject to Superior Court of Québec approval under the CCAA at a July 2, 2026 hearing. LIFT pays a C$12 million option fee and has two years to exercise for C$1.00.
AcquisitionLIFT Files NI 43-101 Technical Report on the Adina-Galinée Lithium Project, Quebec, Canada
A NI 43-101 technical report titled Adina-Galinée Lithium Project Quebec, Canada has been filed on SEDAR+ by Li-FT Power, with an effective date of May 7, 2026 and a report date of May 26, 2026. The report conforms the project's existing Mineral Resource Estimate, previously prepared under the Australasian JORC Code, to NI 43-101 standards, with no changes to the Adina Project resource figures, categories or grades previously disclosed by Winsome Resources Ltd. It was prepared by Marc-Antoine Laporte, P.Geo., and Maxime Dupéré, P.Geo., of SGS Geological Services.
Study resultsLIFT Completes Combination With Winsome Resources
The combination with Winsome Resources Limited (ASX: WR1) has closed, adding the Adina lithium project in the Eeyou Istchee James Bay region of Québec to Li-FT Power's portfolio alongside the 75% interest in the adjacent Galinée property. Winsome shareholders receive 0.107 of a LIFT share per Winsome share, with 27,136,492 LIFT shares issued for 253,623,451 Winsome shares and 722,092 shares for 18,288,900 options. LIFT's 6,085,300 subscription receipts converted to shares, and ASX-listed CDIs are expected to begin trading May 26, 2026 under LFT.
AcquisitionLIFT Intersects 26 m at 1.29% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT
Drilling at the BIG East pegmatite on the Yellowknife Lithium Project in the Northwest Territories returned 26 m at 1.29% Li2O, including 17 m at 1.65% Li2O, in hole YLP-0312, plus 10 m at 1.12% Li2O in YLP-0313 and 11 m at 1.04% Li2O in YLP-0324. The 2026 winter program totalled 17 holes for 4,778 m, with results reported for eight holes (2,110 m); four holes returned no significant results. BIG East contains 16.5 Mt at 1.06% Li2O within the project's 50.4 Mt inferred resource at 1.00% Li2O.
Drill resultsLIFT Provides Update on Timetable for Combination Transaction With Winsome Resources
The Supreme Court of Western Australia approved the share and option schemes of arrangement for Li-FT Power's acquisition of Winsome Resources (ASX: WR1) on May 11, 2026. Winsome intends to lodge the court orders with ASIC on May 12, 2026, making the schemes effective, with a record date of May 14 and implementation expected on or around May 21, 2026. Winsome shareholders and optionholders will receive new LIFT shares and LIFT CDIs, to be quoted on the ASX.
AcquisitionLIFT Announces That Winsome Resources Securityholders Have Voted in Favour of the Proposed Combination Transaction
Winsome Resources shareholders and optionholders have each separately voted in favour of the schemes of arrangement for the proposed combination with Li-FT Power, announced December 14, 2025, under which LIFT will acquire all outstanding Winsome shares and options in exchange for new LIFT shares and LIFT CDIs to be quoted on the ASX. The votes satisfy two key remaining conditions precedent under the Scheme Implementation Deed dated December 15, 2025. The Schemes remain subject to approval by the Supreme Court of Western Australia and other conditions.
NewsLIFT Commences 2026 Environmental Baseline Data Collection Program at the Yellowknife Lithium Project
A 2026 environmental baseline data collection program has begun at the Yellowknife Lithium Project in Northwest Territories, expanding study areas around the Big-Nite pegmatite cluster to support project planning and future permitting, including Environmental Assessment. The program covers aquatics, atmospherics, terrestrial and human environment components, began April 5 with under-ice water quality sampling, and will be managed by Det'on Cho Environmental, owned by the Yellowknives Dene First Nation. LIFT also signed a March 30, 2026 market-making agreement with Venture Liquidity Providers at $5,000 CAD per month.
CorporateLIFT Closes Acquisition With SOQUEM for an Additional 25% Interest in the Galinée Property, Quebec
An additional 25% interest in the Galinée property in Quebec has been acquired from SOQUEM Inc., bringing Li-FT Power's stake to 75%, with SOQUEM retaining 25%. Consideration was 1,000,000 common shares, subject to a four month and one day statutory hold period. LIFT is the operator of the property under a joint venture with SOQUEM.
AcquisitionLIFT Commences Lithium Carbonate Converter Scoping Study as Part of Integrated Downstream Strategy for the Yellowknife Lithium Project
A Scoping Study has begun for a Lithium Carbonate Converter with planned capacity of 30,000 tpa LCE of battery grade lithium carbonate, taking spodumene concentrate feedstock from the Yellowknife Lithium Project in the Northwest Territories. The study includes a high-level site evaluation to determine the converter's optimal location, considering factors such as proximity and logistics to the Yellowknife project. Li-FT Power has partnered with SCT, an engineering design, technology and equipment provider established in 2002, for the study.
Study resultsLIFT Appoints Jeff Reinson as Senior Vice President of Development
Jeff Reinson has been appointed Senior Vice President of Development at Li-FT Power, bringing over 25 years of project and engineering leadership, including roles as VP Operations at Burgundy Diamond Mines and COO at First Mining Gold. In connection with the appointment, the Company granted 175,000 stock options exercisable at $7.20 per share, expiring five years from grant, and 15,000 RSUs vesting over three years. LIFT also retained Rose & Co. for investor relations at USD$50,000 quarterly for an initial one-year term.
ManagementLIFT Signs Definitive Purchase Agreement With SOQUEM for a 25% Interest in the Galinée Property, Quebec
A definitive purchase agreement dated February 23, 2026 has been signed with SOQUEM Inc. to acquire an additional 25% interest in the Galinée property in Quebec, raising LIFT's total interest to 75%, with SOQUEM retaining the remainder. Consideration is 1,000,000 LIFT common shares, subject to a four month and one day hold period. The transaction requires TSX Venture Exchange approval and other customary closing conditions. LIFT operates the project under joint venture with SOQUEM.
AcquisitionLIFT Closes Transaction With Azimut For 50% Interest In Galinée Property
The acquisition of a 50% interest in the Galinée property in Québec from Azimut Exploration has closed, with SOQUEM holding the remaining interest. Consideration comprises 2,000,000 LIFT common shares and a 1.4% net smelter return royalty, shared by LIFT and SOQUEM in proportion to ownership, plus deferred consideration of $1,500,000 in cash or shares payable at the earlier of completion of an economic study or 18 months after closing. Galinée adjoins Winsome Resources' Adina lithium deposit.
AcquisitionLIFT Announces Commencement of Drilling at the Yellowknife Lithium Project, NWT
Drilling has begun at the Yellowknife Lithium Project in the Northwest Territories, with a 6,770m resource program of 26 holes at the BIG East spodumene pegmatite — 24 holes (6,480m) on the main dyke corridor and two holes (290m) at the Northeast extension. The holes step out from 2023–24 intercepts including 26m of 1.56% Li2O, 22m of 1.35% Li2O and 35m of 1.34% Li2O, targeting ~300m vertical depth. Results are to feed a Preliminary Economic Assessment scheduled for 2027.
Drill resultsLi-FT Announces Closing of C$48.1 Million Private Placement Financing, Including Full Exercise of the Underwriters’ Option
Gross proceeds of approximately C$48.1 million were raised on closing of previously announced offerings, including full exercise of the underwriters' options for an additional C$6.5 million. The financing comprised 3,876,000 flow-through subscription receipts at C$6.88 (C$26,666,880), 2,209,300 subscription receipts at C$4.30 (C$9,499,990), 775,200 flow-through shares at C$6.45 (C$5,000,040) and 1,627,800 shares at C$4.30 (C$6,999,540). Subscription receipt proceeds are held in escrow pending completion of the proposed Winsome Resources acquisition, with funds directed to Adina-Galinée in Quebec and the Yellowknife Lithium Project.
FinancingLi-FT Power Provides Financing Update
The issuance price for the 3,876,000 flow-through subscription receipts has been increased from C$6.45 to C$6.88 each, raising expected gross proceeds from that tranche from C$25,000,200 to C$26,666,880, excluding any exercise of the underwriters' option. The offerings, totalling approximately C$40 million and led by Canaccord Genuity Corp. in connection with Li-FT's proposed acquisition of Winsome Resources, are scheduled to close on or about January 29, 2026, subject to TSX Venture Exchange and other approvals. All other material terms remain unchanged.
Financing