LIFT Announces Commencement of Drilling at the Yellowknife Lithium Project, Nwt
LIFT ANNOUNCES COMMENCEMENT OF DRILLING AT THE
YELLOWKNIFE LITHIUM PROJECT, NWT
February 17, 2026 – Vancouver, B.C., Li-FT Power Ltd. (“ LIFT” or the “ Company”) (TSXV: LIFT)
(OTCQX: LIFFF ) ( Frankfurt: WS0) is pleased to announce commencement of drilling, at the
Yellowknife Lithium Project (YLP) in the Northwest Territories Canada (Figure 1).
Figure 1 – Location of LIFT’s Yellowknife Lithium Project (YLP) in the NWT.
Proposed 2026 Drill Program
A 6,770m resource drill program is planned for the BIG East spodumene pegmatite (Figure 2),
building on strong results delivered during the 2023 and 2024 resource drill campaigns. The
program is designed to step out from high -grade spodumene mineralisation that remain s open
along-strike and down-dip from the limits of 2023-24 drilling, including 26m of 1.56% Li₂O, 22m
of 1.35% Li₂O, and 35m of 1.34% Li₂O (Figures 5 to 7). Diamond drill holes are planned on 100m
spaced sections (Figure 4) with the objective of building on the current BIG East inferred
spodumene resource, which currently represents approximately one third of the global resource
tonnes at YLP . LIFT’s technical team believes the BIG East deposit demonstrates strong
expansion potential and has the capacity to add significant additional tonnes to the YLP global
mineral resource, with results expected to be incorporated into a Preliminary Economic
Assessment (PEA) scheduled for release in 2027.
Figure 2 – Location of the 2026 work area on the BIG East pegmatite within the YLP.
BIG East deposit description
The BIG East pegmatite complex comprises a north- northeast trending corridor of parallel
trending dykes that is exposed for at least 1 ,500m of strike length, with the northeast end
displaced to the north ~350m (Figure 3 & 4). The width of the dike corridor ranges from 20-100
m and dips 55° -75° to the west. The 2023 and 2024 drilling tested 1200m of strike length , to a
vertical depth between 150m and 250m from surface . The 2026 drill plan is composed of 26
resource holes (6,770m), with 24 of those holes (6,480m) planned for the main dike corridor and
two holes (290m) planned at the Northeast extension (Figure 4). Drill holes are designed to extend
spodumene intercepts that remain open at the limits of the 2023 and 2024 drilling to a vertical
depth of ~300m (Table 1). Cross-section examples of the BIG East geometry and planned drill
holes with 2023-24 results, are shown on section as Figures 5 to 7, and include 1.56% Li2O over
26m in YLP -0117 (Figure 5), 1.35% Li2O over 22m in YLP -0077 (Figure 6), and 1.34% Li 2O over
35m in YLP-0271 (Figure 7). The two holes at the northern extension of the BIG East pegmatite
dyke swarm step out from in YLP-0079 (1.29% Li 2O over 15m) and YLP -0059 (1.04% Li 2O over
12m).
Figure 3 – Current BIG East In-pit resource block model.
Table 1 Drill hole locations for the 2026 Yellowknife Lithium Project drill program. All coordinates in NAD83 Z12.
Target Proposed ID Fig Sect Easting Northing Elevation Azimuth Dip Length (m)
BIG East
BE-004 345,854 6,932,693 199 121 -45 100
BE-006 345,808 6,932,719 197 121 -46 150
BE-009 345,901 6,932,781 196 121 -45 115
BE-010 345,721 6,932,771 189 121 -50 240
BE-012 345,613 6,932,835 192 121 -50 355
BE-020 345,694 6,932,903 197 121 -56 340
BE-028 345,699 6,933,016 201 121 -60 370
BE-037 345,787 6,933,080 198 121 -55 320
BE-050 345,852 6,933,274 200 121 -51 360
BE-059 345,984 6,933,312 197 121 -45 270
BE-061 345,884 6,933,372 201 121 -48 390
BE-069 346,067 6,933,380 197 121 -51 250
BE-071 345,968 6,933,438 197 121 -52 355
BE-073 346,107 6,933,472 197 121 -50 270
BE-079 346,150 6,933,563 197 121 -52 300
BE-086 346,145 6,933,973 203 121 -52 200
BE-092 345,802 6,932,607 200 121 -45 110
BE-093 345,743 6,932,641 198 121 -45 170
BE-100 345,811 6,933,182 199 121 -51 360
BE-111 346,014 6,933,527 198 121 -53 370
BE-116 346,109 6,933,587 197 121 -62 375
BE-121 346,326 6,934,098 199 121 -50 90
BE-122 345,784 6,932,676 199 121 -45 150
BE-123 345,778 6,932,563 198 121 -45 120
BE-124 345,652 6,932,696 198 121 -50 280
BE-125 345,575 6,932,741 185 121 -54 360
Totals 26 6,770
100m
2026 Proposed Resource Holes
2023-2024 Resource Holes
Main Dyke
Northeast extension
Figure 4 – Plan map showing BIG East tenure boundary, pegmatite dykes, 2023-2024 drill collars, and 2026 proposed holes and
sections.
Figure 5 – Section A-A’ looking NW and showing the BIG East dyke, results from 2023-2024 drilling, and proposed 2026 drill traces.
Figure 6 – Section B-B’ looking NW and showing the BIG East dyke, results from 2023-2024 drilling, and proposed 2026 drill trace.
Figure 7 – Section C-C’ looking NW and showing the BIG East dyke, results from 2023-2024 drilling, and proposed 2026 drill trace.
Francis MacDonald, President & CEO of LIFT comments, “We are excited to be starting the 2026
drill program at BIG East. The BIG East deposit delivered outstanding high-grade results and
significant tonnes in 2023-24– we believe the deposit will continue on this trend into the 2026
drilling, with results forming a key part of the Preliminary Economic Assessment planned for
release in 2027.”
Qualified Person
The disclosure in this news release of scientific and technical information regarding LIFT’s
mineral properties has been reviewed and approved by Ron Voordouw, Ph.D., P.Geo., Partner,
Director Geoscience, Equity Exploration Consultants Ltd., and consultant to Li-FT Power Ltd. A
Qualified Person as defined by National Instrument 43- 101 Standards of Disclosure for Mineral
Projects (NI 43 -101) as well as a member in good standing with the Northwest Territories and
Nunavut Association of Professional Engineers and Geoscientists (NAPEG) (Geologist
Registration number: L5245).
About LIFT
LIFT is a mineral exploration company engaged in the acquisition, exploration, and development
of lithium pegmatite projects located in Canada. The Company’s flagship project is the
Yellowknife Lithium Project located in Northwest Territories, Canada. LIFT also holds three early-
stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried
lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni
Pegmatite Group.
For further information, please contact:
Francis MacDonald Daniel Gordon
Chief Executive Officer Investor Relations
Tel: + 1.604.609.6185 Tel: +1.604.609.6185
Email: [email protected] Email: [email protected]
Website: www.li-ft.com
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