Core Viewpoint - Li-FT Power Ltd. has initiated a Scoping Study for a Lithium Carbonate Converter Project, which will integrate with its Yellowknife Lithium Project, aiming for a production capacity of 30,000 tonnes per annum (30ktpa) of Battery Grade Lithium Carbonate [1][6] Industry Context - Lithium carbonate is essential for producing cathode active materials and electrolytes in lithium-ion batteries, with a significant focus on LFP (Lithium Ferro Phosphate) chemistry, which has gained over 50% market share in global EV applications and dominates the Energy Storage System (ESS) market with over 90% share as of 2025 [3] Company Strategy - The Scoping Study will evaluate the optimal location for the Lithium Carbonate Converter, considering logistics and proximity to the Yellowknife Lithium Project, supporting a vertically integrated domestic supply chain in Canada [6] - The partnership with SCT, a leading engineering design and technology provider in the lithium sector, will enhance the project's execution, leveraging SCT's experience from over 60 lithium conversion facility projects worldwide [4][5] Project Details - The Converter Project will utilize spodumene concentrate from the Yellowknife Lithium Project, allowing the company to process raw materials into lithium chemicals and capture value locally [5][6] - SCT has a proven track record with a total planned production capacity of 1,000,000 tonnes per annum (tpa) LCE, of which 650,000 tpa LCE is operational, involving over US$7 billion in capital investment [4]