LIFFF Overview

Li-FT Power Ltd. Acquires Winsome Resources: Li-FT Power Ltd. has signed a binding agreement to acquire 100% of Winsome Resources, offering a share exchange ratio that represents a significant premium to Winsome's recent share prices, with the transaction expected to enhance Li-FT's lithium project portfolio.

Galinée Property Acquisition: In addition to the Winsome acquisition, Li-FT has entered a non-binding letter of intent to acquire a 75% interest in the Galinée property, which is adjacent to the Adina project, potentially increasing the scale and resource profile of their lithium assets.

Shareholder Support and Financial Strategy: The transaction has received unanimous support from Winsome's board and major shareholders, with Li-FT planning a concurrent private placement to raise C$30 million for exploration and development, conditional on the completion of the Winsome acquisition.

Strategic Growth and Market Positioning: The combined entity will benefit from enhanced market capitalization, access to capital, and a dual listing on the TSX Venture Exchange and the Australian Securities Exchange, positioning it as a leading hard rock lithium developer in Canada.

Completion of Environmental Baseline Studies: Li-FT Power Ltd. has largely completed its 2025 Environmental Baseline Studies Program for the Yellowknife Lithium Project, marking a significant milestone in the project's development and paving the way for advanced permitting activities.

Collaboration with Indigenous Communities: The program was conducted in partnership with Det'on Cho Environmental, an Indigenous-owned firm, and focused on assessing various environmental factors, integrating Indigenous knowledge, and ensuring responsible development in collaboration with local communities.

Transaction Announcement: Li-FT Power Ltd. has completed a definitive agreement with Power Metallic Mines Inc. for the sale of a 100% interest in 313 claims from the Rupert Project in Quebec, receiving C$700,000 in cash and 6 million shares, along with a 0.5% net smelter returns royalty.

Deferred Share Units Grant: The company granted 20,407 Deferred Share Units to independent directors as part of their compensation for the second quarter, which will vest in one year and can be settled in common shares.

Acquisition Announcement: Power Metallic Mines Inc. has finalized an agreement to acquire 100% interest in 313 mineral claims totaling 167 km² from Li-FT Power Ltd., expanding its land holdings in the Nisk Project Area to approximately 212.86 km², which includes high-grade copper and PGE discoveries.

Financial and Administrative Updates: The company has made a cash payment of $700,000 and issued 6 million shares as part of the acquisition deal, while also appointing MNP LLP as its new auditor to support future growth and potential listings on senior stock exchanges.

Exploration Announcement: Li-FT Power Ltd. has announced the commencement of exploration activities at the Cali Lithium Project in Northwest Territories, Canada, starting July 17, 2025, focusing on spodumene mineralization and trenching to assess economic potential.

Future Plans: The 2025 work program will include trenching, metallurgical testing, and extensive prospecting to understand the continuity of high-grade spodumene zones, with the aim of positioning the project for future resource delineation.

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.