Harfang Gets Notification from Li-FT Power About Progression to Second Option at Pontax, Quebec
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 22 2025
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Source: Globenewswire
Harfang Exploration and Li-FT Power Agreement: Harfang Exploration Inc. has received notice from Li-FT Power Ltd. to proceed with the second option of their agreement regarding the Pontax Property in Québec, allowing LIFT to increase its interest from 51% to 70%.
Terms of the Second Option: To exercise the second option, LIFT must pay an additional $50,000 and incur $3,350,000 in exploration expenditures within three years, with Harfang having the option to convert its remaining interest into a royalty or form a joint venture after successful completion.
Analyst Views on LIFT
Wall Street analysts forecast LIFT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LIFT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.114
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Current: 28.114
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
