LIFT Completes the First Full Year of Baseline Environmental Studies for the Yellowknife Lithium Project
LIFT Completes the First Full Year of Baseline
Environmental Studies for the Yellowknife
Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2025) - Li-FT Power Ltd.
(TSXV: LIFT)
(OTCQX: LIFFF) (FSE: WS0)
("
LIFT
" or the "
Company
") is pleased to announce that the 2025
Environmental Baseline Studies Program (the "Program") for the Yellowknife Lithium Project (the
"Project") is largely complete. The conclusion of the Program is a significant milestone for the Project,
marking the successful completion of the first of two years of seasonal baseline data that are required for
advanced permitting activities, including Environmental Assessment. Data from the Program will also
inform mine planning activities, including economic studies.
The Program was led by Det'on Cho Environmental, an Indigenous-owned environmental services firm
owned by the Yellowknives Dene First Nation, under the direction of LIFT and in close collaboration with
the Company's management and technical teams. The Program focused on areas immediately adjacent
to known pegmatite dykes and potential infrastructure locations, including areas that may be located
upstream, downstream, and downwind of potential project activities (Figure 1).
Figure 1 - Location of LIFT's Yellowknife Lithium Project and baseline data collection study area.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/269908_c616321284a16868_001full.jpg
The Program was aimed at characterising existing conditions in the aquatic, atmospheric, terrestrial,
and human environments in the Project area using approaches grounded in the scientific method and
Indigenous knowledge:
Aquatic
- The program included bathymetry, hydrology, hydrogeology, and water quality surveys as
well as fish and aquatic habitat assessments. Field programs occurred on an approximately monthly
basis from April to September.
Atmospheric
- The program included noise, vibration, and light surveys and air quality and
meteorological monitoring. Noise, vibration, and light surveys were conducted in late summer. Air
quality and meteorological monitoring began in the summer and will continue year-round going
forward.
Terrestrial
- The program included vegetation, soils, terrain, permafrost, host rock geochemistry, and
wildlife programs. Field programs were conducted between May and September. Laboratory
analyses and wildlife camera programs are ongoing.
Human
- Initial programs focused on heritage resources, land and resource use, and Indigenous
Knowledge integration and will grow over time.
The Program built on data collected in 2023 and 2024 as well as extensive historical records from the
region, which has been well studied due to its proximity to Yellowknife and long history of mineral
exploration and mining. Future programs will be refined in close collaboration with local Indigenous
communities and regulatory authorities, building on previous engagement in 2024 and 2025, and
Program outcomes to date.
April Hayward, CSO of LIFT, comments, "The safe and successful completion of our first full year of
seasonal environmental baseline data collection is a significant achievement and an important milestone
for the Project. This work will provide the foundation for informed, responsible decision-making as we
continue to advance the Project through mine planning, economic studies, and Environmental
Assessment. We are grateful for the ongoing support of our Indigenous partners and remain committed
to working closely and collaboratively with local communities and regulatory agencies to ensure we
gather the data and information we need to support responsible development."
Investor Relations Engagements
The Company further announces it has entered into a media services contract (the "FFR Agreement")
with Freedom Financial Research, LLC ("FFR"). Pursuant to the terms of the FFR Agreement, FFR will,
among other items, provide the Company with marketing services, which includes social media
management, content creation, distribution, digital marketing, and any other marketing services as
agreed upon by the Company and FFR (the "FFR Services") for distribution by email. The FFR
Agreement has a term of 30 days, commencing upon launch. The Company will make a one-time
payment to FFR of US$100,000, as consideration for the Services. Christopher Carroll will be providing
the FFR Services to the Company on behalf of FFR and may be contacted at (504) 236-4725 or
, 435 Merchant Walk Square, Ste 300-64, Charlottesville 22902.
The Company will not issue any securities to FFR as compensation. Both Christopher Carroll and FFR
are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its
securities nor do they have any right to acquire such an interest.
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
Chief Executive Officer
Tel:
+ 1.604.609.6185
Email:
Website:
www.li-ft.com
Daniel Gordon
Investor Relations
Tel: +1.604.609.6185
Email:
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 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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