DISCLAIMER: This content material was reviewed and authorized by Li-FT Energy Ltd. and is being disseminated on behalf of CarbonCredits.com.
Li-FT Power Ltd. (LIFT) has quadrupled its land place on the Cali Mission within the Northwest Territories, staking an extra 9,681 hectares. This enlargement comes after current amendments to the Sahtú Land Use Plan, permitting LIFT to safe new claims within the space, thereby boosting the venture’s total lithium potential.
New Claims with Spodumene Pegmatites
LIFT’s newly staked land consists of outcropping spodumene pegmatites, which lengthen the Cali dyke swarm.
CEO Francis MacDonald highlighted,
“Acquiring new areas through staking is the most cost-effective way to increase a company’s land position. The newly staked ground has outcropping spodumene deposits that are continuations of our existing deposits and increase the overall size potential of the Cali Project”.
supply: LiFT – https://carboncredits.com/liftpower-lift/
Determine 1: Location of LIFT’s Cali Lithium Mission (CLP). The CLP is positioned within the Mackenzie Mountains alongside the Northwest Territories–Yukon border. The realm is accessible by street and is positioned ~850 kilometers from rail in Fort Nelson, British Columbia.
supply: LiFT
Determine 2 – Location of the newly staked claims to the northwest of LIFT’s current outcropping lithium pegmatites on the Cali Mission.
Key Acquisition Replace
LIFT also announced the termination of its Shorty West Lithium mineral declare settlement with Infinity Stone Ventures Corp, signed on July 17, 2024. Possession of the declare was transferred to an unbiased entity, with whom LIFT has since entered a brand new buy settlement. The deal, pending TSX approval, entails the issuance of 12,000 frequent shares, with no finder’s charges concerned.
The corporate has granted 7,544 DSUs to unbiased administrators as a substitute of money funds. The DSUs, valued at $2.65 per unit, will vest in August 2025. Every unit entitles the holder to 1 frequent share, in keeping with LIFT’s Share Incentive Plan.
LIFT’s 2023 Exploration Uncovers Huge Lithium Potential
The lithium miner made main strides in 2023 at its Cali Mission within the Little Nahanni Pegmatite Group, house to over 275 rare-element pegmatites. Initially held by CSEL within the Nineteen Seventies and bought by LIFT in 1983, the Cali pegmatite stays a essential focus.
A June 2023 subject go to confirmed the location’s spodumene pegmatite dyke swarm, concentrated inside a 150-meter-wide hall. By August 2023, LIFT started floor exploration to evaluate lithium grades throughout the 300-meter vertical strike and prospect for brand new dykes.
The summer season 2023 exploration, together with soil sampling, mapping, and rock sampling, revealed a larger-than-expected dyke system. Out of 163 samples, 124 returned lithium grades above 1.0% Li2O. Subsequently, LIFT began gearing up for drilling to additional discover the venture’s lithium potential after securing the Land Use Allow.
Li-FT’s Increasing Lithium Footprint Throughout Canada
Li-FT, a mineral exploration companyis advancing 5 key tasks; all positioned within the extraordinarily secure and pleasant mining jurisdiction of Canada. Their flagship Yellowknife Lithium Mission, 100% owned, is positioned close to the capital metropolis within the Northwest Territories.
The corporate is devoted to buying, exploring, and growing lithium-rich pegmatite deposits. Past Yellowknife, Li-FT additionally manages three early-stage exploration websites in Quebec with sturdy potential for lithium discovery, together with the Cali Mission within the Little Nahanni Pegmatite Group of the Northwest Territories.
All these tasks have sturdy potential for lithium market strategic worth and development.
