Northwire Canada EditionSaturday, July 25, 2026
Sign inSubscribe
Northwire
⌕
B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
M&A / Property Material +

Li-FT Power firms up Galinee interest acquisition

LIFT consolidates the Galinée-Adina district to unlock a Tier-1 lithium powerhouse

By The Northwire Desk — AI Analysis Feb 24, 2026 · 10:07 LIFT · 6.35 Li-FT Power Ltd.
Executive Summary

The most recent news (February 24, 2026) confirms that Li-FT Power has entered into a definitive purchase agreement with SOQUEM Inc. to acquire an additional 25% interest in the Galinée property in Quebec. This follows the February 18 announcement of the closing of a 50% interest acquisition from Azimut Exploration. Upon closing this second transaction, Li-FT will hold a 75% aggregate interest in Galinée and act as the project operator. The consideration for this 25% stake is 1,000,000 common shares of Li-FT.

Material Impact

This news is Material - Positive as it represents the final step in consolidating the Galinée property, which is a prerequisite for the "Game Changer" merger with Winsome Resources. - Strategic Consolidation: By moving to 75% ownership, Li-FT secures operational control of a property that sits adjacent to Winsome’s Adina project. The combined Adina-Galinée land package is intended to unlock the full scale of a Tier-1 lithium deposit. - Merger Synergy: The consolidation satisfies a key condition of the Scheme of Arrangement to combine with Winsome Resources, which aims to create one of the largest hard-rock lithium developers in North America. - Non-Cash Consideration: Using 1 million shares preserves cash for the upcoming 2026 drill programs, though it does result in minor dilution (approx. 2%).

LIFT · Price
Company Overview

Li-FT Power is focused on lithium pegmatite projects in Canada. - Flagship Project (Yellowknife): Holds an Inferred Mineral Resource of 50.4 million tonnes at 1.00% Li2O. It is ranked as one of the largest spodumene projects in the Americas. - Quebec Assets: The Galinée property is now a co-flagship due to its proximity to Winsome’s Adina deposit (61.4Mt @ 1.14% Li2O Indicated).

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