Li-FT Power Uncovers Extensive Lithium Potential at Cali Project, Canada

• Li-FT Power reports grab samples up to 3% Li₂O at Cali Lithium Project
• Spodumene pegmatite system shows to be larger than anticipated, covering 1.5km by 1km area
• 124 out of 163 grab samples returned grades over 1.0% Li₂O
• Soil geochemistry survey reveals potential for additional pegmatites under cover
• The company sees excellent potential for a large spodumene resource at Cali

Li-FT Power Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of lithium pegmatite projects. With its flagship Yellowknife Lithium Project in the Northwest Territories and additional early-stage exploration properties in Quebec, Li-FT is positioning itself as a key player in the rapidly growing lithium market. The company's recent exploration results at the Cali Lithium Project demonstrate its commitment to uncovering high-potential lithium resources in North America.

Cali Lithium Project Exceeds Expectations

Li-FT Power Ltd. (TSXV: LIFT) has announced significant findings from its 2023 summer surface program at the Cali Lithium Project in the Northwest Territories, Canada. The results have exceeded initial expectations, revealing a larger and more promising lithium pegmatite system than previously anticipated. This development has the potential to solidify Li-FT's position in the competitive lithium market and attract increased investor attention.

One of the most exciting aspects of the recent findings is the expanded footprint of the spodumene pegmatite dyke swarm system. Initially expected to be limited to a single 150-meter wide corridor, the exploration program has uncovered numerous spodumene pegmatite swarms within an area measuring 1.5 kilometers by 1 kilometer. This significant increase in the mineralized area substantially enhances the project's potential to host a large-scale lithium resource.

Francis MacDonald, CEO of Li-FT, expressed his enthusiasm about the results, stating,

"We are very pleased with the surface program results from 2023. The discovery of additional pegmatite corridors significantly upgrades the potential of the area."

High-Grade Sampling Results

The quality of the lithium mineralization at the Cali Project is equally impressive. Out of 163 grab samples collected during the exploration program, 124 returned grades exceeding 1.0% Li₂O, with some samples reaching up to 3% Li₂O. These high-grade results are particularly encouraging for investors, as they indicate the presence of potentially economic lithium concentrations within the project area.

Soil Geochemistry Unveils Hidden Potential

In addition to the rock sampling program, Li-FT conducted a comprehensive soil geochemistry survey across the Cali Property. This survey not only successfully outlined the known outcropping corridors of spodumene pegmatites but also revealed a new area of interest with similar geochemical signatures.

The newly identified anomaly occurs in an area with more extensive soil cover, suggesting the potential for additional spodumene pegmatites hidden beneath the surface. This discovery opens up exciting possibilities for further exploration and resource expansion at the Cali Project.

Strategic Location and Infrastructure

The Cali Lithium Project benefits from a strategic location in the Mackenzie Mountains, straddling the border of the Northwest Territories and Yukon. Situated within the Little Nahanni Pegmatite Group (LNPG), the project area has a rich geological history dating back to the Cretaceous period, approximately 82 million years ago.

Importantly for investors considering the project's long-term viability, the Cali Project enjoys favorable infrastructure. It is accessible by road and located approximately 850 kilometers from rail facilities in Fort Nelson, British Columbia. This accessibility could potentially reduce future development costs and streamline operations if the project advances to production.

Historical Context and Previous Exploration

The Cali area has a history of exploration dating back to the 1960s, with several companies recognizing its lithium potential. The property was initially staked in 1961 by the Canada Tungsten Mining Corporation Ltd., which reported grab samples containing 1.5% and 2.5% Li₂O. Subsequent work by Canadian Superior Exploration Ltd. (CSEL) in 1977 further confirmed the area's potential for hosting a significant spodumene resource.

This historical context adds credibility to Li-FT's current exploration efforts and suggests that the company is operating in a region with proven lithium mineralization. For investors, this reduces some of the exploration risk associated with early-stage projects.

Rigorous Quality Assurance and Control

Li-FT Power has demonstrated a commitment to maintaining high standards in its exploration program. The company implemented rigorous quality assurance and quality control (QA/QC) protocols during sample collection, transportation, and analysis. This included the insertion of blanks and certified reference materials at regular intervals, as well as the use of field duplicates.

All sample preparation and analytical work were carried out by ALS Global, a reputable laboratory with extensive experience in lithium exploration. The company's attention to QA/QC measures provides investors with confidence in the reliability of the reported results.

Expert Oversight and Technical Validation

The technical aspects of Li-FT's exploration program and the disclosure of results have been overseen by qualified professionals. Ron Voordouw, Ph.D., P.Geo., a Partner and Director of Geoscience at Equity Exploration Consultants Ltd., has reviewed and approved the scientific and technical information in the company's disclosure. Dr. Voordouw's credentials as a Qualified Person under National Instrument 43-101 and his membership in good standing with the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG) lend further credibility to the project's technical merits.

Market Potential and Lithium Demand

The timing of Li-FT Power's Cali Project exploration success aligns well with the growing global demand for lithium. As a critical component in electric vehicle batteries and renewable energy storage systems, lithium is experiencing unprecedented demand growth. The World Bank projects that lithium production will need to increase by nearly 500% by 2050 to meet the demands of the clean energy transition.

For investors, this macro-economic backdrop provides a favorable context for Li-FT's exploration activities. The company's focus on developing North American lithium resources positions it to potentially benefit from increasing emphasis on secure, domestic supply chains for critical minerals.

Next Steps and Future Exploration

While the results from the 2023 summer program are highly encouraging, they represent just the beginning of Li-FT's exploration journey at the Cali Project. The company is likely to pursue a multi-faceted approach to further delineate and expand the known mineralization:

1. Additional Surface Sampling: Given the success of the initial grab sampling program, Li-FT may conduct more extensive surface sampling to further define the boundaries of the pegmatite system.
2. Detailed Mapping: Comprehensive geological mapping of the expanded mineralization footprint will help refine the structural controls on pegmatite emplacement.
3. Geophysical Surveys: Advanced geophysical techniques could be employed to identify additional pegmatite bodies, particularly in areas with soil cover.
4. Drilling Program: A targeted drilling program will be crucial to confirm the depth and continuity of the lithium-bearing pegmatites and to begin resource definition.
5. Metallurgical Testing: Initial metallurgical studies on the Cali pegmatites will provide important information on potential lithium recovery rates and processing requirements.

Investors should watch for announcements regarding these next steps, as they will provide further insight into the project's economic potential and Li-FT's ability to advance it effectively.

Comparative Analysis

To put Li-FT Power's Cali Project results in context, it's useful to compare them with other early-stage lithium exploration projects in North America. While each project is unique, the high-grade samples (up to 3% Li₂O) and the extensive mineralization footprint at Cali are competitive with many peer projects. The project's location in a mining-friendly jurisdiction with existing infrastructure also enhances its relative attractiveness.

However, investors should note that the Cali Project is still in the early stages of exploration. Many successful lithium projects require years of development before reaching production, and not all promising early-stage projects ultimately become mines.

Financial Considerations

As with many junior exploration companies, Li-FT Power will require ongoing capital to fund its exploration and development activities. The company's ability to raise funds on favorable terms will be crucial to advancing the Cali Project and its other lithium assets. Investors should review Li-FT's financial statements and management discussions to assess its current cash position and burn rate.

The positive exploration results at Cali may enhance the company's ability to attract investment or potential joint venture partners. However, investors should also be prepared for potential share dilution if the company needs to raise additional capital through equity offerings.

Risk Factors

While the Cali Project shows promise, potential investors should be aware of the risks inherent in mineral exploration and development:

1. Exploration Risk: Despite encouraging initial results, there is no guarantee that economically viable lithium resources will be defined at Cali.
2. Market Risk: Lithium prices can be volatile, impacting project economics and company valuation.
3. Regulatory Risk: Changes in mining regulations or environmental policies could affect project development.
4. Financing Risk: The company may face challenges in securing the necessary capital to advance the project.
5. Operational Risk: Factors such as weather conditions, equipment availability, and skilled labor shortages can impact exploration activities.

Conclusion for Investors

Li-FT Power's recent results from the Cali Lithium Project represent a significant milestone for the company and offer an intriguing opportunity for investors interested in the lithium sector. The expanded mineralization footprint, high-grade sampling results, and potential for additional discoveries under cover all point to a project with considerable upside potential.

For investors considering Li-FT Power, the key factors to watch include:

1. Future exploration results, particularly from any drilling programs.
2. The company's ability to define a NI 43-101 compliant resource estimate.
3. Advancements in project infrastructure and logistics.
4. Li-FT's financial position and ability to fund ongoing exploration.
5. Developments in the broader lithium market and demand outlook.

While the Cali Project is still in its early stages, the initial results are promising enough to warrant close attention from investors interested in the lithium space. Li-FT Power appears well-positioned to capitalize on the growing demand for lithium, provided it can successfully navigate the challenges of project development and maintain access to necessary funding.

As with any junior mining investment, thorough due diligence and an understanding of the risks involved are essential. However, for those willing to accept the inherent uncertainties of early-stage mineral exploration, Li-FT Power and its Cali Lithium Project offer an opportunity to gain exposure to a potentially significant new lithium discovery in North America.