LIFT Sells 313 Claims in Quebec to Power Metallic Mines for $700,000 in Cash and 6,000,000 Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2025
0mins
Source: Yahoo Finance
Transaction Announcement: Li-FT Power Ltd. has signed a definitive agreement to sell 313 claims from its Rupert Project in Quebec to Power Metallic Mines Inc. for C$700,000 in cash and shares, along with a 0.5% net smelter returns royalty.
Strategic Move: CEO Francis MacDonald stated that this transaction allows LIFT to unlock value by divesting non-core claims while providing a non-dilutive source of capital amidst challenging lithium market conditions.
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.
