06:18:54 EDT Fri 04 Jul 2025
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Li-FT Power Ltd
Symbol LIFT
Shares Issued 47,335,337
Close 2025-07-02 C$ 2.45
Market Cap C$ 115,971,576
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Li-FT Power to begin exploration work at Cali

2025-07-03 11:50 ET - News Release

Mr. Francis MacDonald reports

LIFT ANNOUNCES COMMENCEMENT OF EXPLORATION ACTIVITIES AT THE CALI LITHIUM PROJECT, NWT

Li-FT Power Ltd. expects to commence exploration activities set for July 17, 2025, at the Cali lithium project in the Northwest Territories, Canada. The Cali project is located toward the northwest end of the Little Nahanni spodumene pegmatite group, comprising numerous spodumene dikes emplaced within a structural corridor that is at least 13 kilometres long and hundreds of metres wide. Prospecting and sampling of this corridor in the summer of 2023 confirmed several contiguous and parallel dike zones between 100 and 300 metres wide.

Li-FT's 2023 work also confirmed that many of the dikes contain coarse spodumene crystals, with rock sampling returning grades up to 3.04 per cent Li2O (lithium oxide). In 2024, Li-FT staked an additional 9,681 hectares covering the corridor farther to the northwest following the approval of an amendment to the Sahtu land use plan (the Naats'ihch'oh amendments) which allows for exploration staking and potential future development of the dike corridors (see press release dated Sept. 3, 2024). The 2025 work program will focus on the unrealized potential of the Little Nahanni structures extending into the newly acquired claims as well as the collection of trench and metallurgical samples in the established mineralization zones identified in the 2023 work program.

Proposed work plan 2025

A total of 1,100 metres of trenching are planned in zones of high-grade spodumene mineralization mapped and sampled in 2023. Trenches will be opened perpendicular to the dike corridors to help understand grade and width continuity in preparation for future drill testing. Additional bulk metallurgical samples of the dikes will be collected for early-stage information on spodumene recovery by dense media separation (DMS). An area of 1,877 hectares immediately northeast of the trenching program has also been selected for prospect mapping and sampling in the 2025 program. High-resolution lidar and orthophoto interpretation of this area has identified continuity of the Cali dikes to the northwest and thereby also high potential for spodumene mineralization. Field teams will focus on the fertility of these zones through collection of detailed geochemical and mapping data for future follow-up trenching and metallurgical studies.

Francis MacDonald, chief executive officer of Li-FT, commented: "The 2025 exploration program will significantly advance the understanding and economic potential of the Cali lithium project. By integrating trenching, metallurgical testing and extensive prospecting across underexplored extensions of the spodumene corridors, Li-FT aims to position the project for potential future resource delineation. We believe that the Cali project could eventually be a significant source of spodumene in Western Canada."

Qualified person

The disclosure in this news release of scientific and technical information regarding Li-FT's mineral properties has been reviewed and approved by Ron Voordouw, PGeo, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Li-FT Power Ltd.

Li-FT 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 the Northwest Territories, Canada. Li-FT 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 the Northwest Territories within the Little Nahanni pegmatite group.

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