Northwire Canada EditionFriday, July 31, 2026
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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Drill Results Routine +

Li-FT Power starts drilling at Yellowknife project

Li-FT Power Deploys $48M War Chest at Yellowknife Following Transformative Lithium Consolidation

By The Northwire Desk — AI Analysis Feb 17, 2026 · 11:26 LIFT · 6.28 Li-FT Power Ltd.
Executive Summary

On February 17, 2026, Li-FT Power announced the commencement of a 6,770-metre diamond drill program at the BIG East spodumene pegmatite, part of its Yellowknife Lithium Project (YLP) in the Northwest Territories. The 26-hole program is a step-out campaign designed to expand the existing inferred resource along-strike and down-dip. Results from this program are intended to be a primary component of a Preliminary Economic Assessment (PEA) now scheduled for release in 2027. This follows previous high-grade intercepts from 2023-2024, such as 1.56% Li2O over 26 metres.

Material Impact

The news is a Routine - Positive development. While the commencement of drilling is a necessary operational step, its materiality is tempered by several factors: - In line with expectations: Following the C$48.1 million financing closed in January 2026, the market fully expected the immediate deployment of capital into the flagship Yellowknife project. - PEA Timeline: The company previously targeted a PEA for Q2 2025 (according to October 2024 news). The current release now cites a 2027 date for the PEA, representing a significant delay in the project’s economic validation timeline. - Strategic Context: This drilling occurs against the backdrop of a massive pending merger with Winsome Resources (announced December 2024) and the acquisition of the Galinée property. The market is likely more focused on the integration of these "tier-one" assets than incremental drill meters at BIG East. - Resource Expansion: If successful, the expansion of the 50.4 Mt inferred resource (1.00% Li2O) is positive, but the project remains in the early "Inferred" stage, carrying high geological uncertainty.

LIFT · Price
Company Overview

Li-FT Power is a Canadian lithium explorer focusing on hard-rock spodumene deposits. Its flagship is the Yellowknife Lithium Project (YLP), which hosts an inferred mineral resource of 50.4 million tonnes at 1.00% Li2O. The company also holds the Cali project in NWT and several properties in the James Bay region of Quebec (Rupert, Pontax, and the newly acquired Adina-Galinée district).

Read the original news release →

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Jul 17, 2026 · 03:05

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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.

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