Li-FT Signs MOU with Yellowknives Dene First Nation for Yellowknife Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("LIFT" or the "Company") is pleased to announce it has signed a Memorandum of Understanding ("MOU") with the Yellowknives Dene First Nation ("YKDFN") regarding the Yellowknife Lithium Project located approximately 60 kilometers east of Yellowknife, Northwest Territories in YKDFN's traditional territory; Chief Drygeese Territory.The MOU states that both LIFT and YKDFN intend to enter into an Engagement Agreement based upon the terms outlined in...
2023-04-19 3:01 AM EDT
Li-FT Announces Changes to Board of Directors and Management
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("LIFT" or the "Company") is pleased to announce that Kenneth Scott has been appointed to the Board of Directors and Andrew Marshall has been appointed to the role of interim Chief Financial Officer ("CFO"), effective immediately. Mr. Marshall is a Chartered Accountant and Chartered Financial Analyst with 20 years of accounting, finance and CFO experience in the mining sector. He was recently the CFO...
2023-04-17 4:05 PM EDT
Li-FT Starts Drilling at the Rupert Lithium Project, Quebec
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("LIFT" or the "Company") is pleased to announce it has commenced the first diamond drill program at the Rupert Lithium Project located in the James Bay region of Quebec. A total of 17 holes have been planned for 5,000 meters of diamond drilling that will test targets generated by the 2021 and 2022 exploration programs (see press release dated November 9, 2022 for details).Francis MacDonald, CEO...
2023-03-29 3:01 AM EDT
Li-FT Closes $35 Million Private Placement of Flow-Through Shares
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that it has closed the previously announced brokered private placement of 2,602,500 common shares of the Company issued on a "flow-through" basis (each a "Flow-Through Share") at a price of $13.45 per Flow-Through Share for aggregate gross proceeds of $35,003,625, which includes the full exercise of the option granted to the agents to sell up to an...
2023-03-22 10:06 AM EDT
Li-FT Options the Extension of the Ki Lithium Pegmatite Within the Yellowknife Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that it has entered into an option agreement dated February 18, 2023 (the "Option Agreement") with a private company holding a 100% interest in 13 mineral leases covering 991 hectares that comprise the Thompson-Lundmark Project (the "Property") and one lease, covering 115 hectares to the north of the Property, whereby the Company has been granted the...
2023-02-21 2:00 AM EST
Li-FT Announces Additions to Management Team
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that David Smithson has been appointed as Senior Vice President, Geology and Carl Verley has been appointed as Vice President, Exploration, effective January 23, 2023. Mr. Smithson is an ore deposit geologist with 20 years of experience. He worked as a global specialist for Newmont where he contributed to gold-ounce reserve expansions in West Africa and...
2023-01-24 7:00 AM EST
Li-FT Files NI 43-101 Technical Report for the Yellowknife Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to report it has filed a technical report titled "NI 43-101 Technical Report on the Yellowknife Lithium Project, Northwest Territories, Canada" with an effective date of December 30, 2022 (the "Technical Report").The Technical Report was prepared for the Yellowknife Lithium Project by Dr. Thomas Hawkins (P.Geo, PhD), an independent consultant and qualified person. The Technical Report was prepared in accordance with...
2023-01-13 7:00 AM EST
Li-FT Completes Acquisition of the Yellowknife Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that, further to its press release of November 23, 2022, it has now completed the acquisition of 1361516 B.C. Ltd. (the "Target"), as contemplated by an amalgamation agreement dated November 22, 2022 between the Company, the Target and a wholly owned subsidiary of the Company, 1386798 B.C. Ltd. ("Subco"). The Target is a private company...
2022-12-30 8:00 AM EST
RETRANSMISSION: Li-FT to Acquire the Yellowknife Lithium Project, a Portfolio of 14 Significant Spodumene Pegmatites
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that it has entered into an amalgamation agreement dated November 22, 2022 (the "Amalgamation Agreement") with 1361516 B.C. Ltd. (the "Target"), a private company holding a 100% interest in the Yellowknife Lithium Project (the "Project" or the "Properties"), whereby the Company will acquire all of the issued and outstanding shares of the Target (the "Transaction").The...
2022-11-23 8:00 AM EST
Li-FT to Acquire the Yellowknife Lithium Project, a Portfolio of 14 Significant Spodumene Pegmatites
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that it has entered into an amalgamation agreement dated November 22, 2022 (the "Amalgamation Agreement") with 1361516 B.C. Ltd. (the "Target"), a private company holding a 100% interest in the Yellowknife Lithium Project (the "Project" or the "Properties"), whereby the Company will acquire all of the issued and outstanding shares of the Target (the "Transaction").The...
2022-11-23 3:15 AM EST
Li-FT Provides Exploration Results from 2022 Exploration Program for the Pontax and Moyenne Projects
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to provide exploration results for the Pontax and Moyenne Projects located in the James Bay region of northern Quebec (Figure 1). During the summer of 2022, the Company completed a regional till geochemistry program within the Pontax and Moyenne Projects. (Figure 2). A total of 1,795 till geochemistry samples were collected within the Pontax Project and 850...
2022-11-15 9:00 AM EST
Li-FT Provides Exploration Results from 2022 Rupert Project Exploration Program
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to provide exploration results for the Rupert Project located in the James Bay region of northern Quebec, Canada (Figure 1). During the summers of 2021 and 2022, the Company completed a total of 13,093 till geochemistry samples within the Rupert, Moyenne, and Pontax Projects of which 9,523 samples are located within the Rupert Property (Figure 2). A total...
2022-11-09 3:15 AM EST
Li-FT Appoints New Chief Executive Officer and President
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that the board of directors has appointed Mr. Francis MacDonald as Chief Executive Officer ("CEO") and Mr. Alex Langer as President ("President") of the Company effective immediately.Julie Hajduk, the former CEO, will continue as an active and engaged member of the board of directors and will support the management team during a transition. The Company thanks Ms. Hajduk...
2022-11-08 9:00 AM EST
Li-FT Announces Closing of $7 Million Brokered Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that it has closed its previously announced brokered private placement of 428,400 common shares of the Company issued on a "flow-through" basis (each a "FT Share") at a price of $16.34 per FT Share for aggregate gross proceeds of $7,000,056 (the "Offering"). The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax...
2022-11-03 9:26 AM EDT
Li-FT Appoints Lithium Industry Expert Iain Scarr to Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that it has appointed Mr. Iain Scarr to the board of directors effective immediately.Mr. Scarr is the founder of IMEX Consultants, an industrial minerals consultancy that operates across the entire value chain, from mineral exploration, to mine and refinery development and commercialization specializing in lithium, boron minerals, potash and soda ash discoveries. During his 30 year...
2022-10-11 9:00 AM EDT
Li-FT Options the Lac des Montagnes Lithium Property, Appoints Corporate Secretary
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that it has entered into an option agreement (the "Option Agreement") with 9219-8845 Quebec Inc. ("9219") and Steve LaBranche (collectively with 9219, the "Optionors") pursuant to which Li-FT will be granted the option (the "Option") to acquire a 100% interest in and to the Lac des Montagnes Lithium Property, comprised of 348 mineral claims located near Nemaska Village in...
2022-09-22 3:18 PM EDT
Li-FT Expands Quebec Land Holdings Through Option Agreement with Harfang Exploration for Pontax Lithium Property
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2022) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("Li-FT" or the "Company") is pleased to announce that it has entered into an option agreement (the "Option Agreement") with Harfang Exploration Inc. ("Harfang") (TSXV: HAR) pursuant to which Li-FT has been granted the sole and exclusive option to acquire up to a 70% interest in the Pontax Property located in the Eeyou-Istchee James Bay region in Quebec approximately 220 kilometres north of Matagami (the "Pontax Property")....
2022-07-21 9:00 AM EDT