LIFT Announces C$20 Million Public Offering

Li-FT Power Ltd. has announced a public offering of 6,900,000 common shares at a price of C$2.90 per share, targeting gross proceeds of approximately C$20,010,000. The offering is set to close on or about August 12, 2026, and is being led by Canaccord Genuity Corp., which acts as the lead underwriter and sole bookrunner for the transaction. This move marks a significant step for Li-FT Power as it seeks to bolster its financial position and support its strategic initiatives in the lithium sector.

Li-FT Power, trading under the ticker symbols LIFT on the TSX Venture Exchange, LFT on the Australian Securities Exchange, and LIFFF on the OTCQX, is focused on developing a portfolio of hard rock lithium assets in Canada. The company’s key projects include the Adina-Galinée Lithium Project in Québec and the Yellowknife Lithium Project in the Northwest Territories. With the growing demand for lithium driven by the electric vehicle and renewable energy markets, Li-FT Power is well-positioned to capitalize on the increasing need for lithium supply.

The proceeds from this offering are intended to cover the estimated care and maintenance costs for the first year of the Renard option period, as well as for general working capital. Additionally, the company has granted the underwriters an over-allotment option to purchase up to 15% more shares, which could further enhance the total capital raised. This flexibility may be particularly beneficial in a volatile market environment, allowing Li-FT Power to adapt to changing financial needs or opportunities.

The lithium sector is experiencing robust growth, fueled by the transition towards electric vehicles and renewable energy solutions. As governments and corporations worldwide commit to reducing carbon emissions, the demand for lithium-ion batteries is expected to surge, driving interest in companies like Li-FT Power. The successful completion of this IPO could provide the necessary capital to advance exploration and development activities, positioning Li-FT Power as a key player in the North American lithium market.

In conclusion, the public offering by Li-FT Power Ltd. reflects the company's strategic efforts to secure funding in a rapidly evolving sector. As the demand for lithium continues to grow, this transaction may not only enhance Li-FT Power's operational capabilities but also contribute to the broader market dynamics within the lithium industry. Investors will be closely monitoring the closing of this offering and the subsequent impact on the company's growth trajectory and market positioning.