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 (OTCQX: LIFFF) has appointed Anthony Tse as Executive Chairman, bringing nearly 30 years of experience in high-growth and technology industries. Tse, the former Managing Director and CEO of Galaxy Resources, has extensive expertise in the lithium battery value chain and energy transition sector.
During his tenure at Galaxy Resources, Tse transformed the company into one of the top 5 global lithium producers. He currently serves as Chairman of Nano One Materials Corp. and Board Director of Li-Cycle Corp. The company also announced that Alexander Langer will transition to Director and resign as President, with CEO Francis MacDonald assuming the President role. Additionally, Board Directors Iain Scarr and Kenneth Scott have resigned.
In connection with his appointment, Tse has been granted 400,000 stock options at CAD$2.54 per share, vesting over three years.
Li-FT Power (OTCQX: LIFFF) has completed the sale of 313 claims from its Rupert Project in Quebec to Power Metallic Mines. The transaction includes C$700,000 in cash, 6 million shares of Power Metallic Mines (representing 2.6% ownership), and a 0.5% NSR royalty with no buyback provision.
The shares received are subject to a statutory hold period until November 12, 2025, with half under additional trading restrictions until July 11, 2026. The share position has an estimated market value of C$7 million. Additionally, LIFT granted 20,407 Deferred Share Units to independent directors at C$2.51 per DSU.
Power Metallic Mines (OTCBB: PNPNF) has successfully completed the acquisition of 313 mineral claims totaling 167 km² from Li-FT Power (OTCQX: LIFFF). The transaction involves a $700,000 cash payment and the issuance of 6 million common shares to Li-FT.
The acquired claims are adjacent to Power Metallic's 45.86km² Nisk property, expanding their total land position to ~212.86 km² in the Nisk camp. This strategic acquisition secures approximately 20 km of strike on the northern basin margin and 30 km on the southern margin, encompassing the Nisk, Lion, and Tiger discoveries.
Li-FT retains a 0.5% NSR on all acquired claims. The company also announced the appointment of MNP LLP as its new PCAOB-registered auditor to support potential senior exchange listings.
Li-FT Power (OTCQX: LIFFF) has announced the commencement of exploration activities at its Cali Lithium Project in Northwest Territories, Canada, starting July 17, 2025. The project is situated in the Little Nahanni Spodumene Pegmatite Group, featuring multiple spodumene dykes within a 13km-long structural corridor.
The 2025 work program includes 1,100m of trenching in high-grade spodumene zones and bulk metallurgical sampling for dense media separation testing. The company's 2023 sampling confirmed dyke zones of 100-300m width, with grades up to 3.04% Li2O. LIFT has expanded its presence by staking an additional 9,681 hectares in 2024 following the Sahtú Land Use Plan amendment.
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.
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