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

• 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.

• 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.

• 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.