Li-FT Power Signs Definitive Project Acquisition Agreement with Azimut

Core Viewpoint - Li-FT Power Ltd. has entered into a definitive project acquisition agreement with Azimut Exploration Inc. to acquire a 50% interest in the Galinée property, which is subject to various conditions [1][2]. Group 1: Acquisition Details - The consideration for Azimut's 50% interest includes 2,000,000 common shares of Li-FT and a 1.4% net smelter return royalty on the Galinée Property [6]. - A deferred cash payment of $1,500,000 is also part of the agreement, which can be paid in shares under certain conditions, with payment due at the completion of an economic study or within 18 months [6]. Group 2: Galinée Property Highlights - The Galinée property features high-grade lithium-bearing pegmatites and is located adjacent to Winsome's Adina deposit [3]. - Recent exploration activities have led to the discovery of new spodumene-bearing boulders and the identification of two additional highly prospective target areas [3]. Group 3: Company Overview - Li-FT Power Ltd. is focused on the acquisition, exploration, and development of lithium pegmatite projects in Canada, with its flagship project being the Yellowknife Lithium Project [4]. - The company also holds three early-stage exploration properties in Quebec and the Cali Project in Northwest Territories [4].