Northwire Canada EditionMonday, August 3, 2026
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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

LIFT Power Intersects 26 Meters at 1.56% Li2O at the Yellowknife Lithium Project, NWT

Li-FT Solidifies Yellowknife Grade as Massive Merger with Winsome Resources Looms

By The Northwire Desk — AI Analysis Jan 15, 2026 · 03:05 LIFT · 7.5 Li-FT Power Ltd.
Executive Summary

The news release dated January 15, 2026, reports final results from the 2025 diamond drilling program at the Yellowknife Lithium Project (YLP) in the Northwest Territories. Key highlights include: - Significant Intercept: Hole YLP-0295 returned 26 meters at 1.56% Li2O at the Shorty pegmatite. - Program Scope: Completed 3,171 meters across 18 holes; visual logging confirms spodumene as the primary mineral. - Equity Compensation: The company granted 2,065,000 stock options to insiders with an exercise price of C$7.50, alongside 87,300 RSUs and 7,889 DSUs. - Mixed Results: While high-grade was found at Shorty, several holes (YLP-0296, 0301, 0302) returned no significant results, indicating the heterogeneous nature of the dikes.

Material Impact

The impact of the most recent news is material and positive, primarily as a verification of project quality and management confidence. - Resource Confidence: The 1.56% Li2O grade over 26 meters is significantly higher than the current inferred resource grade of 1.00% Li2O. This suggests potential for grade improvement in future resource updates for the Shorty dike. - Management Alignment: The grant of over 2 million options at C$7.50—the current all-time high—suggests management believes the current valuation is a floor rather than a ceiling. This is a bold signal to the market. - Strategic Execution: This news follows the transformative December 14, 2025, announcement to merge with Winsome Resources and acquire the Galinée property. The drilling results confirm that while the company is expanding into Quebec, the original NWT assets continue to provide high-grade discovery potential.

LIFT · Price
Company Overview

Li-FT Power is a lithium-focused explorer with major holdings in the Northwest Territories and Quebec. - Flagship (Current): Yellowknife Lithium Project (YLP), which hosts an inferred resource of 50.4Mt at 1.00% Li2O across eight pegmatite dikes. - Flagship (Future): Post-merger, the company will control a majority interest in the Adina-Galinée district in James Bay, Quebec. Adina currently has 61.4Mt at 1.14% Li2O (Indicated). - Other Assets: Cali (NWT), Pontax (Quebec), and various royalties/equity stakes (Power Metallic Mines).

Read the original news release →

More from Li-FT Power Ltd.

Jul 17, 2026 · 03:05

Li-FT Power begins drilling at Adina-Galinee while facing ongoing dilution issues and persistent cash burn concerns.

Drill Results Jul 14, 2026 · 03:05

Li-FT Power advances its lithium processing pathway after regulatory clearance of the Renard option agreement.

M&A / Property Jun 30, 2026 · 03:05

Li-FT Power drilled more high-grade lithium at Yellowknife while shares slumped to $4 amid funding needs for the Renard mine conversion.

Drill Results Jun 24, 2026 · 02:05

LIFT Enters into Binding Call Option Agreement for the Acquisition of the Renard Mine Site

M&A / Property May 28, 2026 · 03:05

Li-FT Power Consolidates Tier-1 Quebec Assets with Winsome Merger Completion and NI 43-101 Filing

Resource Estimate May 21, 2026 · 06:54

Li‑FT Power finalizes the Winsome acquisition, vaulting into the top ranks of Canadian hard‑rock lithium developers with a dual TSXV‑ASX listing and a clear runway to unlock the Adina‑Galinée district.

M&A / Property