Categories: Energy
Topics: Lithium Stocks

Lithium Targets So BIG You Can See Them From Space

Li-FT Power Ltd. (CSE: LIFT) — currently trading around C$9.50 per share — is advancing the flagship Yellowknife lithium project in Northwest Territories, Canada.

The property comprises mineral leases that cover the majority of the lithium pegmatites that make up the Yellowknife Pegmatite Province (YPP) — one of the largest lithium resources in the Western world.

The Li-Ft Power team — which is led by CEO Francis MacDonald, whom you’ll be hearing from directly in just a moment — is focused on a grouping of 13 spodumene pegmatites with strike lengths up to 1,800 meters and widths up to 40 meters that outcrop in spectacular fashion and that are plainly visible from satellite imagery. 

Historical channel sampling at the Yellowknife property has produced reported average grades of 1.1% to 1.59% lithium oxide over impressive widths of 7 to 40 meters.

In addition to being situated in a tier-one mining jurisdiction in mining-friendly Canada — and more specifically, within the YPP — the Yellowknife project benefits from existing infrastructure, particularly rail, along with roads and access to a skilled labor force that could eventually support the development of the exploration-stage project.

Li-FT Power is exceptionally well-funded with approximately C$45 million in cash and intends to allocate a good portion of that cash over the coming few quarters for exploration drilling activities across the Yellowknife project. 

In fact, the company is presently outlining a very robust 2023-24 drill program of about 60,000 meters across a number of high-priority targets at various pegmatites at Yellowknife.  

Li-FT Power will also be commencing a bulk sampling program at Yellowknife this summer with a primary focus on metallurgy assessment as well as some environmental baseline studies ahead of a planned PEA. 

The company boasts a tight structure at just under 40 million shares outstanding with about 50% of those shares currently with founders. 

The company also owns 100% of the Rupert, Pontax, and Moyenne greenfield lithium projects in the James Bay region of Quebec, which is the same region where Patriot Battery Metals is advancing their very large, and still growing, Corvette lithium discovery.

For speculators interested in gaining exposure to the small-cap lithium exploration space, Li-FT should be an interesting company to watch as it moves into what promises to be an expansive drill program across multiple pegmatites at its flagship Yellowknife project. 

Our own Gerardo Del Real of Junior Resource Monthly sat down with Li-FT Power CEO Francis MacDonald for an overview of the company, the structure, the flagship, and the upcoming drilling. Please enjoy!

For more information on Vancouver-based Li-FT Power, be sure to contact the company’s IR department at 604-609-6185 or via email at info@li-ft.com.

Sign up to receive updates directly from the company at the Li-FT Power corporate website. 

Mike Fagan
Editor, Resource Stock Digest