Li-FT Power

VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Li-FT Power Ltd. ("LIFT" or the "Company") (TSXV:LIFT)(OTCQX:LIFFF)(Frankfurt:WS0) is pleased to announce that, further to its news release dated October 1, 2024, it has filed an NI 43-101 Technical Report for its Yellowknife Lithium Project on SEDAR+ (www.sedarplus.ca).» Mehr auf accesswire.com

VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Li-FT Power Ltd. ("LIFT" or the "Company") (TSXV:LIFT)(OTCQX:LIFFF)(Frankfurt:WS0) has closed its previously announced (see press release dated October 23, 2024) non-brokered private placement consisting of (i) 2,694,895 common shares of the Company that qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (each, a "Flow-Through Share") at a price of $5.6575 and (ii) 1,645,105 common shares of the Company (each, a "Hard Dollar Share") which were issued to a single purchaser (the "Strategic Investor") at a price of $3.65 per Hard Dollar Share, for aggregate gross proceeds of approximately $21,251,002 (the "Offering").» Mehr auf accesswire.com

After more than 50,000 meters of drilling in less than two years, Li-FT Power is expected to release a preliminary economic assessment on its Yellowknife project in the coming months. In October 2024, Li-FT Power published an initial mineral resource estimate of 50.4 million tonnes of inferred material grading 1.0% in lithium oxide. The transportation cost necessary to reach global markets is a key element that could either make or break the economics of the project.» Mehr auf seekingalpha.com