LIFT Files Final Base Shelf Prospectus to Replace Expired Shelf Prospectus
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.
Li-FT Power (OTCQX: LIFFF) ha presentato domanda e ricevuto una ricevuta per un Base Shelf Prospectus finale a breve termine in Canada il 18 novembre 2025 per sostituire una shelf scaduta.
Il Base Shelf Prospectus consente offerte di azioni ordinarie, warrant, ricevute di sottoscrizione, unità o debito fino a un importo aggregato di CA$200 milioni e resta in vigore per 25 mesi fino al dicembre 2027. L'azienda ha anche annunciato un cambiamento nell'anno finanziario da 30 novembre a 31 dicembre, con un anno di transizione al 31 dicembre 2025.
Li-FT Power (OTCQX: LIFFF) presentó y recibió un recibo para un Base Shelf Prospectus final a corto plazo en Canadá el 18 de noviembre de 2025 para sustituir una línea de crédito vigente.
El Base Shelf Prospectus permite ofertas de acciones ordinarias, warrants, recibos de suscripción, unidades o deuda hasta un agregado de CA$200 millones y sigue vigente por 25 meses hasta diciembre de 2027. La compañía también anunció un cambio en el cierre del año fiscal de 30 de noviembre a 31 de diciembre, con un año de transición de cierre al 31 de diciembre de 2025.
Li-FT Power (OTCQX: LIFFF)는 2025년 11월 18일 캐나다에서 Base Shelf Prospectus의 최종 간략 양식을 제출하고 접수를 받아 만료된 Shelf를 대체했습니다.
Base Shelf Prospectus는 보통주, 워런트, 구독영수증, 유닛 또는 부채를 총 CA$200백만까지 제안할 수 있으며 25개월 동안 유효하고 2027년 12월까지입니다. 또한 회사는 회계연 blocked: 30? 11월에서 12월로 변경했고 전환 해의 회계연도는 2025년 12월 31일입니다.
Li-FT Power (OTCQX: LIFFF) a déposé et reçu un reçu pour un Base Shelf Prospectus final à court terme au Canada le 18 novembre 2025 pour remplacer une shelf expirée.
Le Base Shelf Prospectus permet des offres d’actions ordinaires, de warrants, de reçus de souscription, d’unités ou de dette jusqu’à un montant total de CA$200 millions et demeure en vigueur pendant 25 mois jusqu’au décembre 2027. La société a également annoncé un changement de clôture de l’exercice financier passant de 29 novembre à 31 décembre, avec une année de transition se terminant le 31 décembre 2025.
Li-FT Power (OTCQX: LIFFF) hat in Kanada am 18. November 2025 einen Antrag gestellt und eine Quittung für einen Base Shelf Prospectus in finaler Kurzform erhalten, um eine abgelaufene Shelf zu ersetzen.
Der Base Shelf Prospectus ermöglicht Angebote von Stammaktien, Warrants, Zeichnungsscheinen, Units oder Schulden bis zu einem Gesamtbetrag von CA$200 Millionen und bleibt 25 Monate lang bis Dezember 2027 in Kraft. Das Unternehmen gab außerdem eine Änderung des Geschäftsjahres von 30. November auf 31. Dezember bekannt, mit einem Übergangsjahr-Ende am 31. Dezember 2025.
Li-FT Power (OTCQX: LIFFF) قدمت وتلقت إيصالاً لـ Base Shelf Prospectus النهائي قصير الشكل في كندا في 18 نوفمبر 2025 لاستبدال ملفضاع shelf منتهي.
يسمح Base Shelf Prospectus بعروض الأسهم العادية، والـ warrants، وقسائم الاشتراك، والوحدات أو الدين بمجموع يصل إلى CA$200 مليون وتظل سارية لمدة 25 شهراً حتى ديسمبر 2027. كما أعلنت الشركة عن تغيير في نهاية السنة المالية من 30 نوفمبر إلى 31 ديسمبر، مع سنة انتقالية تنتهي في 31 ديسمبر 2025.
- Shelf prospectus authorizes up to CA$200 million financing until Dec 2027
- Allows issuance of multiple security types (shares, warrants, units, debt)
- Provides faster access to Canadian capital markets for funding needs
- There is no certainty any securities will be offered under the shelf
- Issuances of equity securities under the shelf may dilute existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF) (FSE: WS0) ("LIFT" or the "Company") announces that in order to replace its prior Base Shelf Prospectus that expired on October 21st, 2025, it has filed and obtained a receipt for a final short form base shelf prospectus (the "Base Shelf Prospectus"). The Base Shelf Prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada.
The Base Shelf Prospectus permits the Company to make offerings of common shares, warrants, subscription receipts, units, or debt securities or a combination thereof (the "Securities"), up to an aggregate total of
The Base Shelf Prospectus provides the Company with financial flexibility and the capability to access capital markets quickly, when available, to fund its ongoing capital needs over the next two years. The specific terms of any offering of Securities (if any) will be set forth in one or more shelf prospectus supplement(s) to the Base Shelf Prospectus, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.
Each prospectus supplement will contain specific information concerning, among other matters, the Securities to be issued and the use of proceeds from any such issuance. There is no certainty that any Securities will be offered or sold under the Base Shelf Prospectus. A copy of the Base Shelf Prospectus is available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca, and may also be obtained by contacting the Corporate Secretary of the Company via email at info@li-ft.com.
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements.
Notice of Change to Financial Year-End
The Company announces a change in its financial year-end from November 30 to December 31. The change in financial year-end has been made to align the timing of the Company's financial reporting obligations with its internal budgeting and forecasting process and with its peers. The next financial year-end of the Company for its transition year will occur on December 31, 2025. Further details regarding the change in financial year-end is available in the Company's notice of change in year-end prepared in accordance with Section 4.8 of National Instrument 51-102 Continuous Disclosure Obligations and filed under the Company's SEDAR+ profile at www.sedarplus.ca.
About LIFT
LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. LIFT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group.
For further information, please contact:
| Francis MacDonald Chief Executive Officer Tel: + 1.604.609.6185 Email: investors@li-ft.com Website: www.li-ft.com | Daniel Gordon Investor Relations Tel: +1.604.609.6185 Email: investors@li-ft.com |
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.
Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest annual information form filed on March 21, 2025, which is available under the Company's SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274906
FAQ
What does Li-FT Power's CA$200 million Base Shelf Prospectus (LIFFF) allow?
How long is Li-FT Power's Base Shelf Prospectus effective (LIFFF)?
Will Li-FT Power definitely issue securities under the new shelf (LIFFF)?
How does the year-end change affect Li-FT Power's next fiscal period (LIFFF)?
Where can investors find Li-FT Power's Base Shelf Prospectus and notice of year-end change (LIFFF)?
