LIFT Closes Transaction with Azimut FOR 50% Interest IN Galinée Property
LIFT CLOSES TRANSACTION WITH AZIMUT FOR 50% INTEREST
IN GALINÉE PROPERTY
February 18, 2026 – Vancouver, B.C., Li-FT Power Ltd. (“ LIFT” or the “ Company”) (TSXV: LIFT)
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce that further to its December 15, 2025
and December 24, 2025 press releases , it has closed its acquisition of a 50% interest in the
Galinée property (the “Galinée Property”) from Azimut Exploration Inc. (“Azimut”) (TSXV:AZM)
(OTCQX:AZMTF) in Québec, immediately adjacent to the Adina lithium deposit which is owned by
Winsome Resources Ltd. (“Winsome”), with the remainder of the interest in the Galinée Property
currently being held by SOQUEM Inc. (“SOQUEM”).
Under the terms of the agreement with Azimut Exploration Inc. (the “Azimut Agreement”), LIFT
has acquired all of Azimut’s rights, title and interest in the Galin ée Property, in consideration for
the issuance of 2,000,000 common shares of the capital of the Company and the grant of a 1.4%
net smelter return royalty (“NSR”) on the Galinée Property. LIFT and SOQUEM will be responsible
for the NSR in proportion to their percentage ownership of the Galinée Property . In addition, the
Azimut Agreement provides a deferred consideration of $1,500,000 payable in cash or, subject to
the conditions set out in the definitive agre ement, in common shares of the Company, at the
earlier of (i) completion of an economic study in respect of the Galinée Property or (ii) 18 months
following closing. All common shares issued pursuant to the A zimut Agreement will be subject
to a statutory hold period of four months and one day in accordance with applicable Canadian
securities laws.
Francis MacDonald, President & CEO of LIFT comments, “With the closing of the 50% acquisition
of the Galinée property, LIFT is one step closer to satisfying the conditions outlined in our offer to
acquire Winsome Resources. By combining the Adina and Galinée properties the true value and
scale of the Adina lithium deposit can be unlocked.”
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.
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the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.