Original News Release
Li-FT completes Yellowknife environmental baseline work
Mr. Francis MacDonald reports
LIFT COMPLETES THE FIRST FULL YEAR OF BASELINE ENVIRONMENTAL STUDIES FOR THE YELLOWKNIFE LITHIUM PROJECT
Li-FT Power Ltd.'s 2025 environmental baseline studies program for the Yellowknife lithium project is largely complete. The conclusion of the program is a significant milestone for the project, marking the successful completion of the first of two years of seasonal baseline data that are required for advanced permitting activities, including environmental assessment. Data from the program will also inform mine-planning activities, including economic studies.
The program was led by Det'on Cho Environmental, an indigenous-owned environmental services firm owned by the Yellowknives Dene First Nation, under the direction of Li-FT and in close collaboration with the company's management and technical teams. The program focused on areas immediately adjacent to known pegmatite dikes and potential infrastructure locations, including areas that may be located upstream, downstream and downwind of potential project activities.
The program was aimed at characterizing existing conditions in the aquatic, atmospheric, terrestrial and human environments in the project area using approaches grounded in the scientific method and indigenous knowledge:
Aquatic: The program included bathymetry, hydrology, hydrogeology, water quality surveys, as well as fish and aquatic habitat assessments. Field programs occurred on an approximately monthly basis from April to September.
Atmospheric: The program included noise, vibration and light surveys and air quality and meteorological monitoring. Noise, vibration and light surveys were conducted in late summer. Air quality and meteorological monitoring began in the summer and will continue year-round going forward.
Terrestrial: The program included vegetation, soils, terrain, permafrost, host-rock geochemistry and wildlife programs. Field programs were conducted between May and September. Laboratory analyses and wildlife camera programs are continuing.
Human: Initial programs focused on heritage resources, land and resource use, and indigenous knowledge integration and will grow over time.
The program built on data collected in 2023 and 2024 as well as extensive historical records from the region, which has been well studied due to its proximity to Yellowknife and long history of mineral exploration and mining. Future programs will be refined in close collaboration with local indigenous communities and regulatory authorities, building on previous engagement in 2024 and 2025, and program outcomes to date.
April Hayward, chief sustainability officer of Li-FT, commented: "The safe and successful completion of our first full year of seasonal environmental baseline data collection is a significant achievement and an important milestone for the project. This work will provide the foundation for informed, responsible decision making as we continue to advance the project through mine planning, economic studies and environmental assessment. We are grateful for the ongoing support of our indigenous partners and remain committed to working closely and collaboratively with local communities and regulatory agencies to ensure we gather the data and information we need to support responsible development."
Investor relations engagements
The company further announces it has entered into a media services contract with Freedom Financial Research LLC (FFR). Pursuant to the terms of the FFR agreement, FFR will, among other items, provide the company with marketing services, which includes social media management, content creation, distribution, digital marketing, and any other marketing services as agreed upon by the company and FFR for distribution by e-mail. The FFR agreement has a term of 30 days, commencing upon launch. The company will make a one-time payment to FFR of $100,000 (U.S.) as consideration for the services. Christopher Carroll will be providing the FFR services to the company on behalf of FFR and may be contacted at 504-236-4725 or [email protected], 435 Merchant Walk Square, Suite 300-64, Charlottesville, 22902. The company will not issue any securities to FFR as compensation. Both Mr. Carroll and FFR are arm's length to the company and do not have any interest, direct or indirect, in the company or its securities, nor do they have any right to acquire such an interest.
About Li-FT Power Ltd.
Li-FT 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. Li-FT 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.
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