Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada.
A ‘pegmatite’ is an igneous rock created underground when interlocking crystals form during the final stages of magma of this.
Before I get into the aspects excellent lithium company, I want to alert traders to the volatility of this stock. If you are a day or momentum trader, keep LIFT in your sights.
The 52-week range is CDN$4=CDN$11. You can read 3 analyst targets below.
Why Lift? One fact is that LIFT has almost CDN18 million in cash and NO DEBT. Not only are you buying into a superb proxy for lithium, but LIFT—again, unlike many of its peers –has the financial muscle to explore further and develop. LIFT also has four properties (Moyenne, Rupert, Pontax and Moyenne) in the James Bay region of Quebec and one, Cali, that lies within the Little Nahanni Pegmatite Group in the Northwest Territories, near the Yukon border.
Now, we return to our regular programming.
On, January 9, 2024, LIFT released some great results.
| Hole No. | From (m) | To (m) | Interval (m) | Li2O% | Dyke |
| YLP-0125 | 226 | 249 | 23 | 1.50 | Fi SW |
| YLP-0130 | 263 | 281 | 18 | 0.52 | Fi SW |
| inc | 276 | 280 | 4 | 1.25 | Fi SW |
| YLP-0133 | 7 | 12 | 5 | 0.69 | Shorty |
| YLP-0134 | 62 | 71 | 9 | 1.07 | BIG West |
| inc | 64 | 69 | 5 | 1.65 | BIG West |
| YLP-0135 | 70 | 82 | 12 | 1.04 | BIG West |
| inc | 72 | 76 | 4 | 1.62 | BIG West |
| YLP-0136 | 40 | 45 | 5 | 0.63 | Fi Main |
| and | 100 | 105 | 5 | 0.57 | Fi Main |
| inc | 101 | 103 | 2 | 1.30 | Fi Main |
| and | 198 | 203 | 5 | 0.57 | Fi Main |
| YLP-0138 | 74 | 86 | 12 | 1.51 | Nite |
| YLP-0139 | 49 | 57 | 8 | 0.57 | BIG West |
| inc | 53 | 57 | 4 | 1.02 | BIG W |
Highlights:
- YLP-0125: 23 m at 1.50% Li2O, (Fi SW)
- YLP-0138: 12 m at 1.51% Li2O, (Nite)
- YLP-0135: 12m at 1.04% Li2O (BIG-West)
- including 4 m at 1.62% Li2O
- YLP-0134:mat1.07%Li2O,(BIG-West)
- including 5 m at 1.65% Li2O
Francis MacDonald, CEO of LIFT, comments, “This week, we are releasing results for the first holes from the Nite pegmatite. The first interval of 12 m at 1.51% Li2O is of similar grade and width to the surface expression of the dyke. Fi Southwest also produced an excellent intersection this week, located, 200 m below the surface. We continue to encounter high grades at these depths.”
Seasoned metals investors who want to look beyond gold and silver are getting involved. In contrast, new investors are drawn into the space by electric vehicle (EV) demand forecasts and government initiatives to build EV infrastructure. (Investing News)
These are significant numbers. Lithium deposits typically have average grades of 1 to 3% Li2O and are commonly associated with tin, especially tantalum (Ta) mineralization. Nearly all of Australia’s resources are associated with granite pegmatites of the Archean age, found within the Pilbara and Yilgarn cratons of Western Australia. Here’s a list of intercepts worldwide. Check out eight from the bottom. I’ll save you the trip LIFT.
LIFT checks most of them in the world of hypothetical checkboxes, if not all. The significant supply /demand gap will lessen as new finds are well found.
LIFT’s most recent Corporate Deck
A new study published in Science Advances hypothesizes that the McDermitt Caldera — on the border between Nevada and Oregon — contains more than double the lithium concentration than any other bed of clay globally, around 20 to 40 million metric tons in total. (Nevada current)\
Ain’t going to happen tomorrow, and the keyword is hypothetical. It still won’t be enough to take away today and the foreseeable future for quality juniors such as LIFT Power.
Bob Beaty
For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s Thestreet.com, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.
Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)
Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;
‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.
Let’s go.
