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 (LIFFF) reported initial lithium assay results from five drill holes at its Adina-Galinée Lithium Project in Québec.
The highlighted intersection in ALP0002 returned 56 metres at 1.43% lithium oxide (Li₂O). Other results included 28 metres at 1.64% in ALP0003 and 9 metres at 1.72% in ALP0001, both in the Galinée Zone. ALP0005C returned 4 metres at 2.61% in the Main Zone and 14 metres at 1.68% in the Footwall Zone.
The reporting program covers 45 holes totaling 13,403.5 metres: 39 holes completed during summer 2026 and six previously unreleased historical holes from 2024. Li-FT targets early 2027 for a mineral resource estimate and preliminary economic assessment, an initial study of project economics, combining the Main, Footwall and Galinée zones. Ore-sorting test work, geotechnical investigations and property-scale exploration are underway.
Li-FT Power (LIFFF) received authorization satisfying the final condition for release of its C$12 million Renard option fee to secured creditors. Québec authorities authorized postponing site rehabilitation and restoration until June 23, 2028. The exclusive option allows LIFT to acquire Renard's assets or the shares of Stornoway or its parent, 1127 Canada, for C$1.00 through that date, unless extended.
LIFT will assess lithium-processing feasibility and negotiate acquisition terms. It is solely responsible for site care and maintenance, estimated at C$18 million annually, and has advanced C$18 million to the Monitor. Exercising the option would add full closure and remediation responsibility; acquisition agreements and court and regulatory approvals remain required. Separately, LIFT engaged i2i Marketing Group with a minimum US$1.4 million non-refundable cash budget, subject to TSX Venture Exchange approval.
Li-FT Power (LIFFF) reports that its Yellowknife Lithium Project and planned Lithium Carbonate Conversion Facility have been selected for inclusion in the investment prospectus of the Canada Investment Summit held in Toronto on September 14–15, 2026. The summit, hosted by Prime Minister Mark Carney with CPP Investments and PSP Investments, focuses on long-term capital for sectors such as critical minerals. Li-FT describes an integrated strategy linking its Yellowknife and Adina-Galinée hard‑rock lithium resources to potential Canadian battery‑grade lithium carbonate production. The company also entered an investor relations consulting agreement with Prospect Capital Relations.
LIFT (OTCQX: LIFFF) appointed Jeff Reinson as Chief Operating Officer and April Hayward as Executive Vice President, External Affairs & Strategic Partnerships, effective July 20, 2026. Reinson, with over 25 years of mining leadership experience, will relocate to Montréal to establish LIFT’s office and lead operational build-out in Québec near its James Bay lithium projects.
Hayward transitions from Chief Sustainability Officer to lead strategic partnerships, Indigenous and government relations, and non-dilutive funding initiatives. LIFT also granted an officer 75,000 stock options at C$3.36, vesting over two years, and 10,000 RSUs vesting over three years under its Omnibus Share Incentive Plan.
Li-FT Power (OTCQX: LIFFF) has commenced exploration at its Québec lithium portfolio, led by the Adina-Galinée Lithium Project, which was consolidated in 2026 through the Winsome Resources acquisition and agreements with Azimut Exploration and SOQUEM. The 2026 Adina-Galinée program includes 163 diamond drill holes totalling 38,970 m, focused on infill and expansion drilling down to 400 m depth to advance the current Mineral Resource Estimate. Surface work will add 680 till samples, 200 rock samples and mapping over 5,432 ha. Across Cancet, Tilly, Nottaway and Sirmac-Clapier, Li-FT plans a further 992 till samples, 225 rock samples and mapping over 10,923 ha, totalling 1,672 till samples, 425 rock samples and 16,355 ha of mapping in 2026.
Li-FT Power (OTCQX: LIFFF) received Superior Court of Québec approval for a binding call option agreement with Stornoway Diamonds, 11272420 Canada and Deloitte Restructuring as Monitor, giving LIFT a sole and exclusive option to acquire either the Renard diamond mine assets, or all shares of Stornoway or 11272420 Canada.
The option is exercisable for C$1.00 any time until June 23, 2028, and LIFT has paid a refundable C$12 million option fee held in trust pending governmental authorization to postpone rehabilitation work at Renard. If this Release Condition is not met by October 3, 2026, the fee is returned and the option terminates.
During the option period, LIFT will cover Renard care and maintenance costs estimated at C$18 million annually and, if the option is exercised, will assume full closure and remediation responsibilities. Completion of any acquisition remains subject to additional court, regulatory and exchange approvals and negotiation of a definitive acquisition agreement.
Li-FT Power (OTCQX: LIFFF) reported assay results from 20 drill holes totaling 5,324 m at the Yellowknife Lithium Project in Canada’s Northwest Territories. Seventeen winter 2026 holes targeted the BIG area, while three summer 2025 geotechnical holes tested Fi Main, Fi SW, and Ki pegmatites.
Key intercepts include 21 m at 1.09% Li2O at Fi Main, 18 m at 1.41% Li2O at Ki, and at BIG East up to 26 m at 1.29% Li2O including 17 m at 1.65% Li2O. BIG East remains open to the south and at depth. Lithium is predominantly hosted in spodumene, with all assays passing QA/QC screening.
LIFT (OTCQX: LIFFF) entered a binding call option to acquire the Renard mine site, processing plant and related entities, subject to Quebec court approval under the CCAA.
The two-year Option allows acquisition for C$1.00, funded by a C$12M Option Fee and C$18M in care-and-maintenance deposits for a 2.2Mtpa plant that LIFT aims to repurpose for lithium processing at its Adina Lithium Project.
Li-FT Power (OTCQX: LIFFF) filed an NI 43-101 Technical Report for the Adina-Galinée Lithium Project in Quebec on SEDAR+. The report, effective May 7, 2026, conforms the existing JORC-based Mineral Resource Estimate to Canadian standards, with no changes to figures, categories, or grades.
LIFT (TSXV:LIFT, OTCQX:LIFFF) completed its combination with Winsome Resources, adding the tier-one Adina lithium project in Québec and consolidating Adina-Galinée into one of Canada’s largest hard rock lithium developers.
The deal issues about 27.9 million LIFT shares for Winsome shares and options, converts 6,085,300 subscription receipts to common shares, releases related financing proceeds, and supports LIFT’s new ASX listing via CDIs trading under ticker “LFT”, expected May 26, 2026.