Li-FT Power Acquires 100% Stake in Key Lithium Projects

Li-FT Power Ltd. has signed a definitive agreement with North Arrow Minerals to acquire a 100% interest in the DeStaffany, LDG, and Mackay Lithium Projects located in the Northwest Territories, Canada. This acquisition enhances LIFT's position as a leading lithium explorer in the region. CEO Francis MacDonald emphasized the synergy this creates with existing LIFT assets.

In exchange, LIFT will issue 250,000 common shares to North Arrow. The deal includes the transfer of reclamation bonds for environmental stewardship. Completion requires regulatory approvals.

The DeStaffany Project covers 1,843 hectares near Yellowknife, while the LDG and Mackay Projects are situated near the Diavik diamond mine. Key discoveries involve spodumene mineralization, with high lithium content observed.

Incorporating these projects could solidify LIFT’s presence in emerging spodumene districts. Exploration and drilling are planned for further resource validation.