LIFT Closes Acquisition with Soquem FOR an Additional 25% Interest IN the Galinée Property, Quebec
LIFT CLOSES ACQUISITION WITH SOQUEM FOR AN ADDITIONAL
25% INTEREST IN THE GALINÉE PROPERTY, QUEBEC
March 09, 202 6 – Vancouver, B.C., Li-FT Power Ltd. (“ LIFT” or the “ Company”) ( TSXV: LIFT )
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce further to its December 15, 2025 and
February 24, 2026 press releases that it has closed its acquisition of an additional 25% interest in
the exclusive exploration rights commonly known as the Galinée property (“Galinée Property”)
from SOQUEM Inc. (“SOQUEM”). Following closing, LIFT now holds a 75% interest in the Galinée
Property, with the remaining 25% interest continuing to be held by SOQUEM. LIFT is the operator
of the Galinée Property under joint venture with SOQUEM.
Under the terms of the purchase agreement with SOQUEM (the “SOQUEM Agreement” ),
consideration for SOQUEM’s 25% interest in the Galinée Property consisted of 1,000,000 common
shares in the capital of the Company. The common shares issued pursuant to the SOQUEM
Agreement are subject to a statutory hold period of four months and one day in accordance with
applicable Canadian securities laws.
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
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”, “inten d”, “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 and information reflect management's current beliefs and are based on assumptions
made by and information currently available to the company with respect to the matter described
in this new release.
Forward-looking statements involve risks and uncertainties, which are based on current
expectations as of the date of this release and subject to known and unknown risks and
uncertainties that could cause actual results to differ materially from those expressed or implied
by such statements. Additional information about these assumptions and risks and uncertainties
is contained under "Risk Factors" in the Company's latest annual information form filed on March
21, 2025, which is available under the Company' s SEDAR+ profile at www.sedarplus.ca, and in
other filings that the Company has made and may make with applicable securities authorities in
the future. Forward -looking statements contained herein are made only as to the date of this
press release and we undertake no obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise, except as required by law. We
caution investors not to place considerable reliance on the forward-looking statements contained
in this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.