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

Core Viewpoint - Li-FT Power Ltd. has successfully closed the acquisition of a 50% interest in the Galinée property from Azimut Exploration Inc., which is strategically located adjacent to the Adina lithium deposit owned by Winsome Resources Ltd. [1][3] Group 1: 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 consideration of $1,500,000 is payable in cash or common shares, contingent upon the completion of an economic study or within 18 months following the closing [2] Group 2: Strategic Implications - The acquisition of the Galinée property is a step towards fulfilling the conditions for acquiring Winsome Resources, aiming to unlock the full value and scale of the Adina lithium deposit [3] - Li-FT Power is focused on lithium pegmatite projects in Canada, with its flagship project being the Yellowknife Lithium Project, alongside other early-stage exploration properties in Quebec [3]