Li-FT Power's Lithium Exploration Success & TSX-V Listing

About Li-FT Power

Li-FT Power Ltd. is a Canadian mineral exploration company focused on acquiring, exploring and developing lithium pegmatite projects in Canada. The company's flagship asset is the Yellowknife Lithium Project, located just east of Yellowknife, Northwest Territories.

Recent drilling results from Yellowknife Lithium Project continue to intersect high-grade lithium mineralization, supporting Li-FT Power's plans to advance the project towards production. With lithium demand surging globally, Li-FT Power is positioning itself to become a key domestic supplier of this critical battery metal.

Upcoming Milestones Could Unlock Value

On October 30, Li-FT Power announced it has received approval to list on the TSX Venture Exchange (TSXV), with trading expected to commence on November 1, 2023. The company will concurrently delist from the Canadian Securities Exchange.

The TSXV listing provides Li-FT Power with greater access to institutional and retail investors at a time when lithium developers are garnering increased interest. This represents an important milestone as the company looks to fund ongoing exploration and development activities.

The day after the exchange listing news, Li-FT Power reported strong drill results from the Yellowknife Lithium Project. Highlights included:

• 18m at 1.75% Li2O at the BIG East pegmatite
• 26m at 1.02% Li2O at BIG East
• 12m at 1.08% Li2O at the Ki pegmatite

These results showcase the project's potential to host multiple high-grade lithium zones amenable to open pit mining.

Advancing a Premier Canadian Lithium Asset

The Yellowknife Lithium Project consists of 15,000 hectares located along the Ingraham Trail Highway, just 5km east of Yellowknife. It contains numerous spodumene-bearing pegmatite dykes, the largest being the BIG pegmatite measuring 750m long, 20-40m wide and open at depth.

Initial drilling by Li-FT Power has focused on two main target areas:

• Road Access Group: Includes the high-grade BIG, BIG East, Ki and An anomalies. Situated proximal to infrastructure along the highway.
• Further Afield Group: Contains the Echo, Fox and Wolf pegmatites amongst other early-stage targets. Located farther from infrastructure but with strong lithium potential.

To date, Li-FT Power has completed over 33,000 metres of drilling in 195 holes, releasing assays from 72 holes so far. Additional results are pending which will be incorporated into a maiden resource estimate expected in early 2024.

The most recent holes at BIG East have intersected some of the project's best grades, including 18m at 1.75% Li2O and 26m at 1.02% Li2O. BIG East appears to host multiple parallel high-grade dykes spanning over 500 metres. Meanwhile, Ki returned solid intercepts of 12m at 1.08% Li2O and 10m at 0.96% Li2O.

All five holes were drilled perpendicular to the dyke orientation, indicating true thicknesses of 65-100% of the reported widths.

Lithium Market Fundamentals Strong

Li-FT Power is advancing Yellowknife at an opportune time, with lithium demand forecast to grow over 5-fold by 2030. The lithium-ion battery sector, primarily for electric vehicles, will be the key driver.

Major automakers have committed to transitioning their fleets to EVs, with targets of 50% EV sales by 2030. This will require a massive increase in lithium supply, from an estimated 600,000 tonnes of LCE in 2021 to over 3 million tonnes by 2030.

Yet over 80% of lithium raw material production is currently concentrated in Chile, Australia and China. Rising geopolitical risks and environmental constraints may hamper output growth from these regions.

As a fully permitted project in a safe, mining-friendly jurisdiction, Yellowknife is well-positioned to help supply the growing lithium deficit.

Near-Term Catalysts for Li-FT Power

With its maiden resource estimate on the horizon, Li-FT Power has potential catalysts upcoming that could drive a market re-rating:

• Initial resource estimate Q1 2024
• Ongoing drill results from high-priority targets
• Metallurgical and flow sheet studies
• Initiate PEA study

The TSXV listing also broadens the company's investor reach.

The project's location close to infrastructure is a key advantage compared to many hard rock lithium projects. Capital and operating costs could be lower than peer projects as a result.

For investors seeking lithium exposure, Li-FT Power offers an attractive entry point to a promising near-term producer in a premier mining jurisdiction. With continued exploration and engineering studies unlocking the value of Yellowknife, Li-FT Power has strong re-rating potential as it works to join the ranks of Canada's producing lithium companies.