Core Viewpoint - Li-FT Power Ltd. has decided to proceed with the second option to acquire an additional 19% interest in the Pontax Property, increasing its total interest to 70% [1][3]. Group 1: Option Agreement Details - The first option allowed the company to acquire a 51% interest by paying $100,000 and incurring $1,650,000 in exploration expenditures over three years [2]. - The second option requires a payment of $50,000, which will be satisfied by issuing 14,044 common shares at a deemed price of $3.56 per share [3]. - Upon exercising the second option, Harfang Exploration Inc. can either convert its remaining 30% interest into a 2.5% net smelter returns royalty or form a joint venture for further exploration [4][10]. Group 2: Financial and Structural Implications - The share issuance related to the second option has received approval from the TSX Venture Exchange [4]. - The company must incur an additional $3,350,000 in expenditures on the Pontax Property before the expiry of the second option period, which is three years from the first option's exercise [9]. 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 [7]. - The company also holds three early-stage exploration properties in Quebec, which have significant potential for lithium pegmatite discovery [7].

Core Viewpoint - Patriot Battery Metals Inc. has appointed Mrs. Aline Côté as an independent director, enhancing the board's expertise in the mining sector and aligning with the growing importance of Québec in the critical minerals value chain [1][3]. Company Overview - Patriot Battery Metals Inc. is focused on hard-rock lithium exploration, particularly advancing its 100%-owned Shaakichiuwaanaan Property in the Eeyou Istchee James Bay region of Quebec, Canada [4]. - The Shaakichiuwaanaan Property is notable for hosting the world's largest pollucite-hosted caesium pegmatite mineral resource, with 0.69 million tonnes at 4.40% Cs2O (Indicated) and 1.70 million tonnes at 2.40% Cs2O (Inferred) [4]. - The project also includes a consolidated mineral resource totaling 108.0 million tonnes at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga (Indicated), and 33.4 million tonnes at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga (Inferred), making it the largest lithium pegmatite resource in the Americas and the 8th largest globally [4]. Leadership and Expertise - Mrs. Aline Côté brings over 27 years of international mining experience, having held senior roles at Noranda Inc., Xstrata plc, and Glencore International AG, including her position as Head of Zinc Mining Technical Services at Glencore [1][2]. - Her appointment is expected to strengthen the board's industry credibility and operational leadership, given her extensive background in managing large-scale, capital-intensive mining operations [3][2]. Project Potential - A Preliminary Economic Assessment (PEA) for the CV5 Pegmatite was announced on August 21, 2024, indicating its potential as a significant North American lithium raw materials source, targeting up to approximately 800,000 tonnes per annum of spodumene concentrate [5].