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Li-FT Power Ltd. ( (TSE:LIFT) ) has provided an announcement.
Li-FT Power Ltd. has completed the acquisition of a 100% interest in the DeStaffany, LDG, and Mackay Lithium Projects in the Northwest Territories, Canada, from North Arrow Minerals Inc. This strategic move is expected to enhance Li-FT’s lithium resource base, as it integrates these projects into its existing Yellowknife Lithium Project. The transaction involves the issuance of 250,000 common shares to North Arrow and includes the transfer of reclamation bonds, underscoring Li-FT’s commitment to environmental responsibility. The acquisition positions Li-FT favorably in the lithium market, potentially boosting its operational capabilities and appeal to stakeholders.
More about Li-FT Power Ltd.
Li-FT Power Ltd. operates in the lithium exploration and development industry. The company is focused on expanding its lithium resource base, primarily targeting lithium pegmatite dykes within its Yellowknife Lithium Project area in Canada.
YTD Price Performance: 13.95%
Average Trading Volume: 35,074
Technical Sentiment Consensus Rating: Buy
See more data about LIFT stock on TipRanks’ Stock Analysis page.
