Li-FT

Canaccord Genuity Acts as Financial Advisor to Li-FT Power on its $21 Million Strategic Investment

Canaccord Genuity is pleased to announce that on November 14, 2024, its client, Li-FT Power Ltd. (“Li-FT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) closed a non-brokered private placement consisting of (i) 2,694,895 charity flow-through shares of the Company at a price of $5.6575 and (ii) 1,645,105 common shares of the Company at a price of $3.65 for aggregate gross proceeds of approximately $21,251,002 (the “Offering”).

An undisclosed party (the “Purchaser”) purchased all of the common shares issued under the Offering as a strategic investment (the “Strategic Investment”). Prior to the Strategic Investment, the Purchaser held 363,918 common shares of the Company. After closing of the Strategic Investment, the Purchaser holds 4,703,918 common shares of the Company, representing 9.99% of the issued and outstanding common shares on a non-diluted basis.

Canaccord Genuity acted as financial advisor to Li-FT in connection with the Strategic Investment.

Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company’s flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. Li-FT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group.

Li-FT delineated a NI 43-101 maiden resource estimate of 50.4 million tonnes at 1.00% Li2O (inferred) at the Yellowknife Lithium Project in October 2024, representing the third largest hard rock maiden resource estimate in Canada to date. Li-FT plans on completing a PEA on the Yellowknife Lithium Project in Q2 2025.