LIFT Reports Drill Results from Yellowknife Lithium Project, NWT
Li-FT Power drilled more high-grade lithium at Yellowknife while shares slumped to $4 amid funding needs for the Renard mine conversion.
Li-FT Power Ltd. (LIFT) reported assay results on June 30, 2026, from 20 holes totaling 5,324 meters at its Yellowknife Lithium Project. The drilling program included 17 holes from the 2026 winter campaign, marking the first drilling at BIG East since the October 2024 inferred resource update, along with three geotechnical holes from summer 2025.
Highlight intercepts include: - BIG East: 26 m @ 1.29% Li₂O (including 17 m @ 1.65% Li₂O) in YLP-0312; 17 m @ 1.32% Li₂O in YLP-0320 (open at depth and to the south); multiple dykes in YLP-0321/0322 returning composites above 1% Li₂O. - Fi Main: 21 m @ 1.09% Li₂O (including 13 m @ 1.38% Li₂O). - Ki: 18 m @ 1.41% Li₂O. - Fi SW: 21 m @ 0.50% Li₂O (including 8 m @ 1.10% Li₂O).
The company confirmed that mineralization remains open along strike and downdip, noting that these results will feed into ongoing resource work. There is no new resource estimate or economic study update.
Li-FT Power Ltd. (LIFT) reported drilling results from its BIG East project that confirm and extend known mineralization, aligning with the company’s guidance. The reported intercepts feature similar grades and widths to those seen in the 2023–2024 programs, including 26 m @ 1.56% Li₂O and 35 m @ 1.34% Li₂O.
The market had already priced in the expectation that the 2026 winter program would deliver comparable results. The last drill-results release on May 13, 2026, highlighted the first batch of these specific holes.
The release does not alter the resource base, project timeline, or financial outlook. The stock had been declining for months prior to this news, and the results do not introduce a new market-moving factor.
Li‑FT Power Ltd. is a Canadian hard‑rock lithium developer with a dual‑project portfolio. The Yellowknife Lithium Project in the Northwest Territories hosts a 50.4 Mt @ 1.00% Li₂O inferred resource across 15 pegmatite dykes, with only 8 included in the mineral resource estimate. Drilling is ongoing to upgrade and expand the resource for a preliminary economic assessment expected in 2027. Infrastructure includes paved highway access, rail, grid power, and proximity to ports.
The Adina‑Galinée Project in Québec was acquired via the combination with Winsome Resources, which closed in May 2026. Adina hosts 60.5 Mt @ 1.14% Li₂O indicated and 15.9 Mt @ 1.17% Li₂O inferred. Galinée, in which Li‑FT holds a 75% interest and SOQUEM holds 25%, is an earlier‑stage property adjacent to Adina. Consolidation removes the claim boundary, potentially expanding the pit shell.
A scoping study for a 30 ktpa lithium‑carbonate converter in Alberta, using feedstock from Yellowknife, is underway. Management also holds a two‑year call option to acquire the Renard diamond mine’s 2.2 Mtpa processing plant for repurposing to lithium, aiming to reduce capex for Adina.