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LIFT Reports Preliminary Lithium Conversion Testwork Results for the Yellowknife Lithium Project

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Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF) (FSE: WS0) ("LIFT" or the "Company") is pleased to report results from preliminary laboratory lithium conversion testwork completed in 2025 on a spodumene concentrate sample from material from the Yellowknife Lithium Project, Northwest Territories, Canada. Metallurgical testwork comprised the calcination, sulphuric acid mixing and roasting, and water leaching tests which were undertaken at SGS Canada Inc. ("SGS") in Lakefield, Ontario. Testing was completed on a DMS concentrate sample produced from pegmatite material from the Big East (BigE) deposit (see press release dated September 23, 2024). The conversion test work showed excellent results with up to 98% lithium extraction under typical operating conditions.

Summary of Results

Francis MacDonald, CEO of LIFT comments, "We are very pleased with the results of this preliminary lithium conversion test work, which demonstrated lithium extraction rates of up to 98%, a strong validation of the spodumene concentrate quality from our Yellowknife Lithium Project. These findings mark a significant technical milestone as we continue to advance the project towards becoming a future source of high-quality lithium for the North American battery supply chain."

Details of the Metallurgical Program

Preliminary lithium conversion testing was completed on a DMS concentrate sample produced from pegmatite material from the Big East deposit (see press release dated September 23, 2024). Lithium chemical analysis of the concentrate sample was performed by sodium peroxide fusion digestion followed by inductively coupled plasma optical spectroscopy (ICP-OES). Whole rock analysis (WRA) was performed by borate fusion and X-ray Fluorescence (XRF). Elemental composition of the DMS spodumene concentrate sample tested is presented in Table 1. The spodumene concentrate sample graded 5.60% Li2O and contained 0.65% Fe2O3.

Table 1: Chemical analysis of the spodumene concentrate sample

Component

Composition (%)

Li
Li2O
Fe2O3
SiO2
Al2O3
MgO
CaO
Na2O
K2O
MnO

2.60
5.60
0.65
67.1
23.8
0.11
0.12
1.02
0.74
0.10

 

The mineralogical composition of the spodumene concentrate sample was determined using the semi-quantitative Rietveld refinement method based on X-Ray Diffraction (XRD) results and are shown in Table 2. The spodumene concentrate sample contained 70% spodumene, 15.4% quartz, 8.7% albite, 3.9% muscovite, 1.2% orthoclase, and minor quantities (<1%) of biotite and magnetite.