Lift Closes Transaction With Azimut for 50% Interest in Galinée Property

Core Viewpoint - Li-FT Power Ltd. has successfully acquired a 50% interest in the Galinée property from Azimut Exploration Inc., which is strategically located next to the Adina lithium deposit owned by Winsome Resources Ltd. This acquisition is a significant step towards enhancing the value and scale of the Adina lithium deposit [1][3]. Acquisition Details - The acquisition was completed under the Azimut Agreement, where Li-FT Power issued 2,000,000 common shares and granted a 1.4% net smelter return royalty on the Galinée Property [2]. - A deferred cash consideration of $1,500,000 is also part of the agreement, payable either in cash or common shares, contingent upon the completion of an economic study or within 18 months of closing [2]. 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 in Northwest Territories [3]. - The company also holds three early-stage exploration properties in Quebec, which have strong potential for discovering buried lithium pegmatites, in addition to the Cali Project in Northwest Territories [3].