Stakes new spodumene-rich claims surrounding battery metal project in western Northwest Territories.

Li-FT Power Ltd. Sept. 3 announced a significant expansion to its Cali project, quadrupling its land position through the staking of an additional 9,681 hectares (23,927 acres) of spodumene-rich claims in Northwest Territories, Canada.

Quickly establishing itself as a significant player in the lithium exploration sector, Li-FT began with a diverse portfolio that initially spanned 141,572 hectares (349,832 acres) in the underexplored Yellowknife Pegmatite Province (YPP) in NWT.

Li-FT Power Ltd.

Location of the newly staked claims to the northwest of Li-FT's existing outcropping lithium pegmatites on the Cali project.

Following its recent land expansion at Cali, Li-FT's holdings now encompass approximately 151,253 hectares (373,759 acres), with its flagship Yellowknife Lithium Project divided into two primary groups: one cluster of properties located immediately east of Yellowknife, the capital of Northwest Territories, and another cluster situated approximately 50 kilometers (30 miles) further east.

These properties host at least 14 distinct pegmatites, positioning it as one of the most significant land packages in the YPP, a region largely overlooked for decades but is now revealing its potential for lithium-rich spodumene pegmatites.

In a remarkable display of commitment, Li-FT has maintained an intense pace of exploration, undertaking nearly two years of continuous drilling that culminated in 34,238 meters drilled in 2023 alone. Throughout this period, the company completed over 49,548 meters of drilling across 286 holes, showcasing its relentless pursuit of uncovering the full potential of the Yellowknife Lithium Project.

This rigorous approach has already delivered significant assay results, positioning the project as a promising future source of hard rock lithium in Canada.

In addition to its properties east of Whitehorse, Li-FT's portfolio includes the Cali, a lithium project roughly six kilometers (3.7 miles) from the Howard's Pass access road and 50 kilometers (31 miles) northwest of the historical Cantung tungsten mine on NWT's western border.

Historical exploration and work completed by Li-FT identified lithium-rich corridors that run across and beyond the borders of the Cali project.

Federal approval of amendments to the Sahtú Land Use Plan in June opened new lands for staking in the region.

The amendment was originally approved by Sahtú Secretariat Inc. and the Northwest Territories government in 2019, paving the way for increased exploration activity in the Little Nahanni Pegmatite District with the federal authorization.

With the surrounding lands becoming available, Li-FT staked claims covering outcropping spodumene pegmatites believed to be a continuation of the previously identified Cali dyke swarm. This significantly enhances the project's overall size potential, enabling Li-FT to further explore and define lithium-rich spodumene deposits in the area.

"Acquiring new areas through staking is the most cost-effective way to increase a company's land position," said Li-FT CEO Francis MacDonald. "The newly staked ground has outcropping spodumene deposits that are continuations of our existing deposits and increases the overall size potential of the Cali project."

With the Cali project now boasting a larger land position, Li-FT intends to continue exploring the spodumene-rich pegmatites to define additional lithium resources, building on the work already completed at its Yellowknife Lithium Project.

Alongside its property expansion, Li-FT also updated shareholders on the acquisition of the Shorty West Lithium Claim, adjacent to its Yellowknife Lithium Project.

At the request of Infinity Stone Ventures Corp., the original purchase agreement for the Shorty West claim was terminated. Further, ownership of the claim was transferred to an arm's length private entity, and Li-FT subsequently entered into a new agreement with this entity in August.

Under this agreement, Li-FT will acquire the claim in exchange for 12,000 common shares, subject to applicable resale restrictions under Canadian securities laws and approval from the TSX Venture Exchange.