Lithium Junior Li-FT Power Intersects Strong Mineralization at Yellowknife Project

About Li-FT Power

Li-FT Power is a lithium-focused mineral exploration company advancing high-potential projects in Canada. The company's core asset is the Yellowknife Lithium Project in the Northwest Territories. This flagship project covers numerous lithium-bearing pegmatite dykes with surface exposures up to 1,800 metres long and 37 metres wide.

The project is located in the favorable Yellowknife Pegmatite Province, where Li-FT holds mineral leases over the majority of known lithium pegmatites. Beyond Yellowknife, the company has a portfolio of early-stage lithium exploration properties in Quebec and the Northwest Territories.

Li-FT Power's experienced management team is leveraging the company's commanding land position and favorable project locations to unlock value for shareholders. By systematically exploring and advancing its assets, the company aims to capitalize on surging lithium demand driven by the global energy transition.

Key Drill Results at Yellowknife Lithium Project

Li-FT Power has released assays for 5 drill holes completed at the Fi Southwest, Shorty and BIG East pegmatites within the Yellowknife Lithium Project.

Highlights include:

• 33m at 0.71% Li2O including 13m at 1.13% Li2O at Fi Southwest
• 8m at 1.26% Li2O at Shorty
• 13.67m at 1.22% Li2O including 7m at 1.64% Li2O at BIG East
• 14m at 1.24% Li2O at BIG East
• 16m at 0.94% Li2O including 12m at 1.15% Li2O at Fi Southwest

The drill results intersected significant intervals of spodumene-bearing pegmatite mineralization. Spodumene is the primary lithium mineral in the pegmatite dykes.

The pegmatite dykes have surface expressions ranging from 25-800 metres long and drilled thicknesses between 8-33 metres. The dykes remain open along strike and at depth.

Importance of Drill Results

These latest drill results are very encouraging for Li-FT Power as they demonstrate continuity of the spodumene mineralization within large pegmatite dykes.

The grades and intervals intersected are significant. For example, 14m at 1.24% Li2O and 13.67m at 1.22% Li2O are standout mineralized zones. These widths and grades are attractive from an economic perspective.

The results help advance the company's understanding of the size potential of the pegmatite dykes which host the lithium mineralization.

The Fi Southwest dyke has now been drill tested over a strike length of 400 metres and remains open. The thick intercepts point to a potentially large resource. More step-out drilling will be important to determine the full strike and depth extent.

The consistently strong lithium grades in the 1.0-1.5% Li2O range are positive indicators for the Yellowknife Lithium Project. These grades are comparable to other lithium projects in Canada at a similar stage.

Next Steps for Li-FT Power

The company interprets the results as confirming that a broad area is prospective for additional spodumene-bearing dykes. Li-FT has only begun systematically drill testing targets at Yellowknife.

An aggressive 2023 drill campaign is planned with drilling now set to resume for the winter season. Infill drilling between widely spaced holes will help establish continuity.

Step-out drilling is also a priority to trace the pegmatite dykes along strike beyond the limits of current drilling. Determining the full strike length will be important for assessing size potential.

Metallurgical test work is underway to characterize the spodumene mineralization. Initial results are expected in Q1 2023. Definitive metallurgical studies will support preliminary economic assessments of the project.

With its experienced board and management team, Li-FT is well positioned to continue advancing Yellowknife and build value for shareholders through discovery.

The Positive Lithium Macro Outlook

The mid to long-term outlook for lithium demand and pricing remains very favourable for Li-FT Power and other lithium exploration companies.

Demand for lithium is projected to grow at 20-30% per year for much of this decade, driven by electric vehicle and battery adoption. Supply is challenged to keep pace despite higher prices incentivizing new projects. This demand-supply imbalance supports strong lithium prices.

Lithium prices have pulled back from 2022 highs but remain well above historic levels. Industry consultants forecast lithium prices will remain above US$20,000/tonne for years to come compared to under $10,000/tonne last decade.

Junior mining companies with quality lithium assets stand to benefit tremendously in this macro environment. Discoveries can create substantial value for shareholders through resource delineation and economic studies.

Conclusion

Li-FT Power's latest drill results provide important confirmation of significant lithium mineralization across a number of pegmatite targets at the Yellowknife Lithium Project.

The company looks to be in the early stages of outlining potentially large mineralized systems as it systematically tests its targets. Further drilling will aim to determine size potential.

With lithium demand forecasts predicting years of strong pricing, Li-FT is positioned well with its Canadian lithium projects. The company offers investors exposure to discovery and resource expansion potential.

Risks for investors to consider are typical of junior mining exploration, including that further drilling may not yield additional positive results. Financing risks are also present for most juniors.

However, Li-FT is better positioned than most with a tight share structure, strong institutional support and key strategic investors. The company is well funded for its drilling activities.

Investors wanting lithium exposure and leverage to exploration upside should keep a close eye on Li-FT Power. The initial drill results from Yellowknife are promising and upcoming newsflow should be catalysts for the stock.