Thursday, December 12, 2024

Li-FT Power (TSXV: LIFT; US-OTC: LIFFF) Unveils High-Grade Lithium Results in Canadian Pegmatite Projects

Date:

And great drill results keep on coming.

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.

· Holes (drill holes) are at BIG West, Nite, and Ki.

Highlights:

· YLP-0177: 11 m at 1.52% Li2O, (Nite)

· and: 1 m at 1.19% Li2O

· YLP-0179: 12 m at 0.64% Li2O, (Ki)

· including 3 m at 1.39% Li2O

· and: 5 m at 0.56% Li2O

· including 2 m at 1.22% Li2O

CEO Francis MacDonald states, “This week’s results show the high-grade nature of the Nite pegmatite. 11 meters at 1.52% Li2O is an excellent result and shows that there is further potential along strike to the southwest and downdip at the Nite pegmatite.”

A ‘pegmatite’ is an igneous rock created underground when interlocking crystals form during the final stages of a magma chamber’s cooling, with pegmatite crystals a primary source of lithium.

I have mentioned before the volatile nature of LIFT shares. With a 52-week range of CDN4.38 to CDN10.37 and a current price of about CDN4.70, it might be tempting to watchlist or pick up a few shares. Your choice.

From a recent Katusi Research report, I love this picture, the CEO Francis MacDonald and with a chunk of lithium among a LOT more just lounging on the surface. (Right) Left is said chunks just laying there waiting for fame and fortune

Salient Facts for Investors

· Katusi’s research makes the following observations, which should appeal to investors who live under a rock. (see how I did that)

· This deposit has a lithium-containing rock that can be seen on the surface.

· “We’re hitting on 80–90% of our drill holes,” the CEO says.

· Early Li-FT investors poured in as much as 15 million dollars EACH into the company to acquire the Yellowknife Project and start defining how much lithium is in the ground.

· That money has yet to pay out ‘bonuses’ or waste.

· The CEO Francis is plowing most of the cash into fast-tracking Yellowknife by drilling to determine HOW MUCH lithium is there.

· Now, it’s drilling down 200–300 meters and determining how big this project is.

I believe that car companies et al. are scrambling for lithium before a perceived shortage by 2025. Katusi has a great line in its report;

What’s unfolding is an escalating, no-holds-barred brawl for lithium supply.

So they are buying current and future production. You might soon LIFT in that number.

Posted on Behalf of Li-ft Power

Bob Beaty
+ posts

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Thumzup Media (TZUP) Could Change the Game for Small Businesses & Investors Alike

Usually, my brilliance is tapped to bring you and...

Thumzup’s Rise: A 37% Stock Surge and a Bold New Ad Frontier

Build a Brand. Get Paid. Repeat. There are very few...

Top 6 Performant Biotech Stocks to Invest in

The biotechnology sector continues to thrive with innovative companies...

ELEM vs. CXB: Which Stock is the Best Choice? 

Element79 Gold Corp. (CSE: ELEM) and Calibre Mining Corp....