Li-FT Power Ltd. (“LIFT” or the “Company“) (CSE: 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.
Here are the recent listing of the impressive properties positioning LIFT as a player in the lithium exploration market;
- World-class hard-rock lithium potential
- Yellowknife Lithium Project: Portfolio of 13 spodumene pegmatites discovered in the 1950s with excellent infrastructure
- Portfolio of lithium pegmatites, which could produce North America’s largest hard rock lithium resource.
- James Bay region of Quebec: 2,300 km2 of ground around the Whabouchi Li deposit
- This first drill program, which tests for lithium-bearing pegmatites under cover, plans to drill 17 holes (5,000 metres).
- Cali property in the Northwest Territories: described as a 60m wide spodumene pegmatite that outcrops over 500m of strike
- The Cali Lease lies within the Little Nahanni Pegmatite Group in the Northwest Territories, near the Yukon border, and was acquired in 2022 with the Yellowknife project.
- Well-financed and & tight share structure
- $18M (Jan 2024) and 34,000m drill program complete
- Drilling up to 3 projects in 2023
- Resource Development Drilling at the Yellowknife Pegmatites in 2023
- Discovery-Stage Diamond Drilling at the Rupert Project in 2023
- Potential Scout Drilling at the Cali Project in 2023
- Pipeline of targets being advanced in tandem
- Early-stage exploration at Rupert and Pontax to fill the pipeline with additional drill targets for 2024
Here are LIFT’s lithium properties pictorially.
Corporate presentation, September 2024.
And, of course, a complete YouTube video that succinctly positions and explains the philosophy and business of LIFT Power
Francis MacDonald, CEO of LIFT, comments, “Acquiring new areas through staking is the most cost-effective way to increase a company’s land position. The newly staked ground has outcropping spodumene deposits that are continuations of our existing deposits and increase the overall size potential of the Cali Project.” The Company just expanded its land position by roughly 10,000 hectares.
The chart details an active trader with a low daily average with a 52-week range of CDN1.86 to CDN8.21.
As with some other juniors, LIFT is slowly gaining investors’ attention. The chart also shows a decent price bounce.
Useful Lithium graphs re supply/demand
As you can see, supply tightens as EVs (and other products) expand. There is no world where Lithium exposure in a portfolio is a mistake. Yes, you could pick the wrong Company, but companies such as LIFT seem to be a reasonable proxy for the sector. As more investors come aboard, awareness should move quickly, positioning more investors to take advantage of material news.
The only way is up for lithium demand. Electric vehicle (EV) demand will continue to drive the lithium market forward: EV penetration will reach 15% in 2025, and we expect to see it rise to around 35% by 2030. Add to that mix growing demand from applications such as energy storage systems (ESS), 5G devices, and Internet of Things (IoT) infrastructure. (FastMarket).
There is not much more to say. Well, there is, but I can’t tell you everything.
That would be no fun and likely bore the merde out of you.
Sponsored by Li-FT 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.
