Li-FT Power outlines spodumene anomaly at Nottaway

Executive Summary

• Li-FT Power Ltd. reported exceptional indicator mineral results from till sampling at its Nottaway Lithium Project in Quebec, identifying thousands of spodumene grains that suggest a concealed spodumene-bearing pegmatite system.
• The best sample returned over 2,000 total spodumene grains (800+ in dense fraction, ~1,200 in mid-density), with values greater than 2,000 grains being rarely seen in Canadian glacial sediments.
• The company has defined a clear up-ice source and dispersion train for these grains, highlighting a compelling discovery opportunity near the Q2 Metals' Cisco discovery, located just 9 km away.

Key Details

• Sampling Program: 49 till samples collected during summer 2025 in areas with limited outcrop to identify hidden spodumene-bearing pegmatites beneath till cover.
• Processing: Samples processed by Overburden Drilling Management (ODM) using density concentrates to identify indicator minerals.
• Significant Results:
  • Five samples returned greater than 200 spodumene grains.
  • Best Sample: Returned >800 grains from the dense mineral fraction and ~1,200 grains from the mid-density fraction, totaling ~2,000 spodumene grains.
  • Secondary Result: Sample No. 116928 returned approximately 400 spodumene grains.
• Geological Context:
  • The high counts outline a 1x3 km area of elevated spodumene grain counts.
  • Up-ice of the high-count samples, ODM recovered a sequence of only one and zero grains, forming a clear up-ice cut-off.
  • The abundance and isolation of these counts suggest excellent potential for an undiscovered spodumene-bearing pegmatite within the project area.
  • The project is located on the southern margin of the Frotet-Evans greenstone belt, within the same tectono-magmatic architecture as the Moblan and Cisco lithium pegmatite systems.
• Project Agreement Terms (Nottaway Project):
  • Entered into agreement on Jan. 31, 2025, with a private individual for an option to purchase.
  • Cash Payments: $30,000 on signing; $50,000 on or before the first anniversary; $500,000 on or before the second anniversary.
  • Exploration Expenditures: $50,000 by the first anniversary; $200,000 on or before the second anniversary.
  • Royalty Interest: 1% net smelter royalty, with 0.5% buyable for $500,000.
• QA/QC Protocols:
  • 10-kg till samples collected from the C-Horizon (or B-Horizon if deeper than 1.0m).
  • Samples processed via panning, shaking table, and heavy liquid separation (SG 3.0 and 3.2) to produce mid-density and heavy mineral concentrates.
  • Spodumene grains identified via scanning electron microscope and UV lamping.
  • Subsamples sent to Bureau Veritas for multi-element analysis (MA250) and gold analysis (AQ130).
• Qualified Person: Steven Lauzier, PGeo, President, CEO, and Geologist of SL Exploration Inc. (Note: Not independent from the company).

Notable Quotes

• "The tenor of these spodumene counts is exceptional -- values greater than 2,000 grains are rarely seen in Canadian glacial sediments. Now that we have defined a clear up-ice source for these grains within a well-defined dispersion train, we feel Li-FT has a compelling lithium-pegmatite discovery opportunity on our hands." — Francis MacDonald, CEO