Li-FT Signs MOU with Yellowknives Dene First Nation for Yellowknife Lithium Project
Li-FT Signs MOU with Yellowknives Dene First
Nation for Yellowknife Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE:
WS0) ("
LIFT
" or the "
Company
") is pleased to announce it has signed a Memorandum of
Understanding ("MOU") with the Yellowknives Dene First Nation ("YKDFN") regarding the Yellowknife
Lithium Project located approximately 60 kilometers east of Yellowknife, Northwest Territories in
YKDFN's traditional territory; Chief Drygeese Territory.
The MOU states that both LIFT and YKDFN intend to enter into an Engagement Agreement based upon
the terms outlined in the MOU, and that LIFT can begin mobilizing equipment and supplies for the
summer drill campaign at the Yellowknife Lithium Project with an anticipated start date of June 1, 2023.
The summer drill campaign at the Yellowknife Lithium Project is expected to be approximately 42,000
meters and will run until November, 2023.
Francis MacDonald, CEO of LIFT, comments, "We are very pleased to sign this MOU that will lead to a
definitive Engagement Agreement with the YKDFN. LIFT is committed to working collaboratively and
respectfully with Indigenous groups and creating a mutually beneficial working relationship to explore in
Indigenous traditional territory. We look forward to beginning the summer 2023 drill program on or
around June 1, 2023."
Lena Black, A/CEO of YKDFN, comments, "The Yellowknives Dene First Nation are looking forward to
continue building a long and prosperous relationship with LIFT and hope we can work together as
partners to benefit our community and those involved in LIFT's endeavors."
Qualified Person
The disclosure in this news release of scientific and technical information regarding Li-FT Power's
mineral properties has been reviewed and approved by Carl Verley, P.Geo., Vice-President, Exploration
of Li-FT Power and a Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects.
About LIFT
Li-FT 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. Li-FT also holds three early-stage exploration
properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, in
addition to the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Field.
For further information, please contact:
Francis MacDonald
Chief Executive Officer
Tel:
Canada:
+ 1.604.609.6185
Email:
Website:
www.li-ft.com
Lena Black
A/Chief Executive Officer
Yellowknives Dene First Nation
Tel: 867-873-4307
Email:
Website:
www.ykdene.com
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward-looking information or statements
(collectively, "forward-looking statements"), including those identified by the expressions "anticipate",
"believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent
they relate to the Company or its management. The forward-looking statements are not historical facts
but reflect current expectations regarding future results or events. This press release contains forward
looking statements. These forward-looking statements are based on current expectations and various
estimates, factors and assumptions and involve known and unknown risks, uncertainties and other
factors.
Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties
and assumptions which are difficult to predict. Factors that could cause the actual results to differ
materially from those in forward-looking statements include the continued availability of capital and
financing, and general economic, market or business conditions, including the effects of COVID-19.
Forward-looking statements contained in this press release are expressly qualified by this cautionary
statement. These statements should not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from those implied by such
statements. Although such statements are based on management's reasonable assumptions, there
can be no assurance that the statements will prove to be accurate or that management's expectations
or estimates of future developments, circumstances or results will materialize. The Company
assumes no responsibility to update or revise forward-looking information to reflect new events or
circumstances unless required by law. Readers should not place undue reliance on the Company's
forward-looking statements.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/162956