Buying Opportunity for Ambitious Developer as Lithium Price Correction Creates Confusion

• Lithium prices have fallen 80% from peak in November 2022, but Li-FT Power CEO sees this as an opportunity
• The company aims to demonstrate the scale and consistency of high-grade lithium resource
• Advancing project quickly to capture market share before oversupply hits
• Added expertise to the Board in mergers/acquisitions, indigenous relations, and banking to support the next growth phase
• Drilling 15,000 meters this winter to expand resource size

The lithium market has seen a dramatic reversal over the past months, with prices falling over 80% from their peak in November 2022. However, for Li-FT Power CEO Francis MacDonald, this pullback represents "a good thing" for his company's ambitious plans to rapidly advance its Yellowknife lithium project towards production.

Racing Against Future Oversupply

As MacDonald explains, "If you believe you have a world-class asset, it's great, it takes away all the noise and you can get some real work done." With rivals distracted by financial constraints, Li-FT aims to push ahead aggressively, explaining "We're trying to advance this as quickly as possible even if it is in a down term in lithium prices."

The rationale is to capture market share and get the project built before oversupply hits the market, as MacDonald warns, "At some point, there's going to be the world's going to be swimming in lithium." By accelerating development timelines, Li-FT Power hopes to have paid off capital costs before slower movers face stiffer competition from new supply. As MacDonald summarizes: "You don't want to be trying to build a lithium project at that point, you want to have built it five years before."

Interview with Chief Executive Officer, Francis MacDonald

Adding Expertise for the Next Growth Phase

To support its ambitious strategy, Li-FT has been bolstering its board with new directors offering critical expertise, including:

• Eva Bellissimo - M&A lawyer who has worked on major mining deals, positioning the company for potential future transactions
• Paul Gruner - Former CEO of local indigenous business groups, providing vital relationships with First Nations and community leaders
• Andree St-Germain - Veteran mining with an extensive background in M&A, strategic planning, project development and mining finance.

This brain trust will lend crucial guidance as Li-FT Power strives to rapidly achieve scale and production ahead of many industry peers.

Major Winter Drill Program Now Underway

The company is backing up its bold strategic vision with a 15,000-meter drill program now kicking off to aggressively expand resources at its Yellowknife lithium project. With rivals cautious in the face of lower prices, Li-FT Power sees an opportunity to consolidate its first-mover advantage and demonstrate the significant scale and high grades of this potentially world-class deposit.

The Investment Thesis for Li-FT Power

• Project scale already visible from satellite allows rapid demonstration of size potential
• Consistently high grades and wide intersections de-risk likelihood of delivering low-cost resource
• Strategic priority on speed to production before oversupply limits profitability
• Beefed-up board lends financial, technical and local expertise to support fast-track strategy

Li-FT Power presents an opportunistic way to capitalize on temporary lithium sector weakness by backing a team urgently advancing a huge, high-grade asset towards near-term production. With rivals stalled amidst lower prices, the window to secure a low-cost foundation asset ahead of renewed demand growth may be closing swiftly. Li-FT Power's pace and progress make it a compelling leveraged play on this emerging commodity supercycle.

Rather than slow down amidst plunging lithium prices, Li-FT Power sees an opportunity to aggressively advance its Yellowknife project to demonstrate significant scale and high grades ahead of industry peers. New board expertise and a 15,000 meter winter drill program underscore the team's commitment to fast-tracking resource development and capturing market share before eventual oversupply. Investors looking for leveraged upside ahead of the coming lithium rebound would do well to consider backing this ambitious developer.