Northwire Canada EditionSaturday, November 7, 2026
Northwire
⌕
Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

LIFT Intersects 26 m at 1.29% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT

Li-FT Power Ltd.

Executive Summary
  • Latest Announcement: On May 13, 2026, Li‑FT Power announced completion of its 2026 winter drilling program at the Yellowknife Lithium Project (YLP).
  • Key Results: The program yielded significant intercepts including 26 meters at 1.29% Li₂O (including 17m at 1.65% Li₂O) from hole YLP-0312.
  • Program Scope: Total of 17 drill holes for 4,778 meters focused on the BIG East pegmatite complex and BIG North extension.
  • Resource Status: Consolidated mineral resource estimate (MRE) remains at 50.4 million tonnes at 1.00% Li₂O in the inferred category.
  • Context: This follows a May 11, 2026 update on the Winsome Resources combination transaction which received Supreme Court approval and is expected to become legally effective May 12, 2026.
  • Management Commentary: CEO Francis MacDonald stated results confirm continuity of mineralization at depth and provide a basis for adding to the resource base at BIG East.
Material Impact
  • Incremental Nature: The drilling program was announced in February 2026 ("Commencement of Drilling"). Results are expected follow-up data rather than new strategic information.
  • Quality of Data: Intercepts (1.29% Li₂O over 26m) are consistent with previous high-grade results and support the resource expansion narrative, but do not fundamentally alter the project valuation compared to the Winsome acquisition news.
  • Winsome Transaction Dominance: The completion of the Winsome Resources combination (May 11-12) is the primary material driver for the company's current trajectory, effectively consolidating the Adina and Galinée properties.
  • Market Expectation: Given the announced program timeline and previous high-grade intercepts at BIG East, these results are largely priced in or viewed as validation of existing plans rather than a surprise upside catalyst.
  • Conclusion: The news is positive but routine relative to the strategic M&A activity occurring simultaneously; it supports the thesis without changing the risk/reward profile significantly.
LIFT · Price
Company Overview
  • Company Strategy: Build a portfolio of hard-rock lithium assets across Canada, advancing Yellowknife to economic studies while expanding Quebec Greenfields targets.
  • Flagship Project (Yellowknife): Inferred resource of 50.4 Mt @ 1.0% Li₂O; moving toward Preliminary Economic Assessment (PEA) in 2027.
  • Strategic Acquisition: Combination with Winsome Resources to consolidate Adina and Galinée properties, creating a larger lithium district package.
  • Downstream Strategy: Scoping study commenced for a 30 ktpa lithium carbonate converter to capture domestic value.
  • ESG Commitments: Strong framework with Indigenous employment (~40%) and baseline environmental data collection completed at YLP.
Read the original news release →

More from Li-FT Power Ltd.