In This Article:
VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Li-FT Power Ltd. ("LIFT" or the "Company") (TSXV:LIFT)(OTCQX:LIFFF)(Frankfurt:WS0) is pleased to announce that, further to its news release dated October 1, 2024, it has filed an NI 43-101 Technical Report for its Yellowknife Lithium Project on SEDAR+ (www.sedarplus.ca). The report, titled "Initial Mineral Resource Estimate for the Yellowknife Lithium Project, Northwest Territories, Canada," presents an initial Mineral Resource Estimate ("MRE") for 8 of 13 spodumene-bearing pegmatite dykes at the Project. The consolidated in-pit MRE is reported at 50.4 million tonnes grading 1.00% Li2O, totaling 506,000 tonnes of Li2O (1.25 million tonnes of lithium carbonate equivalent, or LCE) in the inferred category.
The Technical Report has an effective date of September 25, 2024, and a report date of November 13, 2024. Allan Armitage, Ph.D., P.Geo., and Ben Eggers, B.Sc.(Hons), MAIG, P.Geo., of SGS Geological Services, acted as Qualified Persons as defined under NI 43-101. The report is available under LIFT's profile on SEDAR+.
About LIFT
LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. LIFT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group.
For further information, please contact:
Francis MacDonald
Chief Executive Officer
Tel: + 1.604.609.6185
Email: investors@li-ft.com
Daniel Gordon
Investor Relations
Tel: +1.604.609.6185
Email: investors@li-ft.com
Website: www.li-ft.com
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.