Li-FT begins Yellowknife 2026 baseline data collection

Executive Summary

• Li-FT Power Ltd. has commenced its 2026 environmental baseline data collection program at the Yellowknife Lithium Project, expanding geographic coverage to the Big-Nite pegmatite cluster to support future permitting and environmental assessment.
• The company entered into an agreement with Venture Liquidity Providers Inc. (VLP) to provide market-making services for its common shares on the TSX Venture Exchange, subject to regulatory approval.
• The baseline program involves comprehensive aquatic, atmospheric, terrestrial, and human environment studies conducted in collaboration with local Indigenous communities and regulatory authorities.

Key Details

• Environmental Baseline Program Scope:
  • Location: Yellowknife Lithium Project, specifically focusing on the Big-Nite pegmatite cluster and areas adjacent to known pegmatite dikes.
  • Objective: To understand current environmental, cultural, and socio-economic conditions to inform project design, impact assessment, and future permitting.
  • Management: Managed by Det'on Cho Environmental, owned by the Yellowknives Dene First Nation, prioritizing Indigenous employment.
  • Community Engagement: Sessions held in 2024 and 2025; additional sessions planned for 2026.
• Program Components:
  • Aquatics: Begins April 5 with under-ice water quality sampling, fish habitat surveys, and winter hydrological surveys. Continues monthly until freeze-up (end of September/beginning of October). Includes bathymetry, hydrology, hydrogeology, and aquatic life surveys.
  • Atmospherics: Covers air quality, noise, vibration, light, and meteorological data. Begins late spring/early summer and continues year-round.
  • Terrestrial: Includes vegetation, soils, terrain, permafrost, host rock geochemistry, and wildlife. Soil/vegetation field work occurs July–September. Host rock geochemistry includes static and kinetic testing. Wildlife program includes acoustic data and camera trapping (started Fall 2023).
  • Human Environment: Builds on previous archaeological, Indigenous resource use, and Indigenous knowledge studies, focusing on heritage resources and land/resource use.
• Market-Making Agreement:
  • Counterparty: Venture Liquidity Providers Inc. (VLP), acting through registered broker W.D. Latimer Co. Ltd.
  • Purpose: To maintain an orderly trading market for Li-FT common shares in compliance with TSX Venture Exchange policies.
  • Term: Initial term of three months, automatically extending for successive one-month terms unless terminated by either party.
  • Cost: $5,000 per month payable to VLP for services only.
  • Conditions: Subject to regulatory approval. VLP and the company act at arm's length; VLP has no interest in the company. Finances and shares for market-making are provided by W.D. Latimer.

Notable Quotes

• "Strong baseline data is fundamental to responsible project development. By combining rigorous science and indigenous knowledge, these studies help inform project design and impact assessment as we advance the Yellowknife lithium project." — April Hayward, Chief Sustainability Officer, Li-FT Power Ltd.