Li-FT Power Secures $21.3 Million through Strategic Private Placement

Li-FT Power Ltd., a Canadian lithium exploration company, announced the completion of a $21.3 million non-brokered private placement. The offering included 2,694,895 flow-through common shares at $5.6575 each and 1,645,105 hard dollar common shares priced at $3.65 each. The proceeds will de-risk the Yellowknife Lithium Project in Northwest Territories and fund the Cali and Quebec exploration projects.

The Strategic Investor, participating in the placement, gains specific rights through an investor agreement, including the right to maintain ownership levels and nominate a board member, should their stake exceed 10%. Canaccord Genuity advised LIFT on this transaction. The funds are aimed at advancing Canadian exploration and general corporate purposes, with flow-through shares supporting tax-qualifying expenditures by 2025.