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LIFT Reports Preliminary Lithium Conversion Testwork Results for the Yellowknife Lithium Project

Metallurgy & Processing

LIFT Reports Preliminary Lithium Conversion

Testwork Results for the Yellowknife Lithium

Project

Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - Li-FT Power Ltd.

(TSXV: LIFT)

(OTCQX: LIFFF) (FSE: WS0)

("

LIFT

" or the "

Company

") is pleased to report results from preliminary

laboratory lithium conversion testwork completed in 2025 on a spodumene concentrate sample from

material from the Yellowknife Lithium Project, Northwest Territories, Canada. Metallurgical testwork

comprised the calcination, sulphuric acid mixing and roasting, and water leaching tests which were

undertaken at SGS Canada Inc. ("SGS") in Lakefield, Ontario. Testing was completed on a DMS

concentrate sample produced from pegmatite material from the Big East (BigE) deposit (

see press

release dated September 23, 2024

). The conversion test work showed excellent results with up to 98%

lithium extraction under typical operating conditions.

Summary of Results

Francis MacDonald, CEO of LIFT comments, "We are very pleased with the results of this preliminary

lithium conversion test work, which demonstrated lithium extraction rates of up to 98%, a strong

validation of the spodumene concentrate quality from our Yellowknife Lithium Project. These findings

mark a significant technical milestone as we continue to advance the project towards becoming a future

source of high-quality lithium for the North American battery supply chain."

Details of the Metallurgical Program

Preliminary lithium conversion testing was completed on a DMS concentrate sample produced from

pegmatite material from the Big East deposit (

see press release dated September 23, 2024

). Lithium

chemical analysis of the concentrate sample was performed by sodium peroxide fusion digestion

followed by inductively coupled plasma optical spectroscopy (ICP-OES). Whole rock analysis (WRA)

was performed by borate fusion and X-ray Fluorescence (XRF). Elemental composition of the DMS

spodumene concentrate sample tested is presented in Table 1. The spodumene concentrate sample

graded 5.60% Li

2

O and contained 0.65% Fe

2

O

3

.

Table 1: Chemical analysis of the spodumene concentrate sample

Component

Composition (%)

Li

Li

2

O

Fe

2

O

3

SiO

2

Al

2

O

3

MgO

CaO

Na

2

O

K

2

O

MnO

2.60

5.60

0.65

67.1

23.8

0.11

0.12

1.02

0.74

0.10

The mineralogical composition of the spodumene concentrate sample was determined using the semi-

quantitative Rietveld refinement method based on X-Ray Diffraction (XRD) results and are shown in

Table 2. The spodumene concentrate sample contained 70% spodumene, 15.4% quartz, 8.7% albite,

3.9% muscovite, 1.2% orthoclase, and minor quantities (<1%) of biotite and magnetite.

Table 2: Spodumene concentrate sample mineralogy

Mineral

Composition (%)

Spodumene

70.0

Quartz

15.4

Albite

8.7

Muscovite

3.9

Orthoclase

1.2

Biotite

0.7

Magnetite

0.1

Total

100

Testwork Scope

The conversion testwork program included:

1

.

Calcination;

2

.

Sulphuric acid mixing and Roasting;

3

.

Water leaching.

The objective of calcination is to convert alpha-spodumene into the leachable beta- and/or gamma-

phases. The conversion process increases the volume and the surface area of the material, weakening

its crystal structure allowing for subsequent lithium extraction (leaching). For calcination, roughly 400 g of

spodumene concentrate was placed in a crucible and heated to temperatures ranging from 1000°C to

1100°C in a laboratory furnace (Figure 1).

Calcined samples were ground to roughly 150 µm. In order to confirm conversion and quantify metal

extractions, calcined samples underwent acid mixing followed by roasting in laboratory furnace, at

250°C. The objective of acid mixing and roasting is to convert the lithium in the spodumene to lithium

sulphate. Water leaching tests were then completed on the lithium sulphate samples at 60°C for 60

minutes, with results reported in Table 3. The water leaching setup is shown in Figure 1.

Figure 1: Muffle furnace used for calcination (left) and the water leaching laboratory setup.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/8766/249636_liftimg1.jpg

Test work Results

Figure 2 shows an example image of the spodumene concentrate before and after calcination.

Figure 2: Example images of spodumene concentrate (left) and calcination product (right).

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/8766/249636_liftimg2.jpg

Table 3 summarizes the water leaching test results and shows lithium extractions and compositions of

the pregnant leach solution (PLS). Lithium concentrations in solutions were up to 19,600 mg/L with

typical impurities present (e.g., aluminium, iron, calcium, sodium).

Table 3: Summary of Water leaching test results

Parameter

Units

Test

1

2

3

4

Calcination Temp.

°C

1000

1050

1050

1100

Residence Time

min.

30

30

15

30

Lithium Extraction

%

79

98

96

98

PLS Concentrations

Li

Al

Fe

Mg

Ca

Na

K

Mn

mg/L

15,900

4,000

845

78

385

1340

565

275

19,100

3590

535

42

326

1640

484

163

19,600

4200

622

55

363

1530

534

180

19,600

3750

514

37

322

1860

528

145

Figure 3 shows the effect of calcination time and temperature on water leaching lithium extraction. At

calcination temperatures above 1050°C (typical industrial conversion conditions) and residence time of

30 minutes, lithium extraction reached 98%. There was only a slight decrease in lithium extraction (96%)

when the residence time was decreased to 15 minutes.

Figure 3: Impact of calcination time and temperature and leach extraction.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/8766/249636_dfbd8a9c24518bd1_005full.jpg

The preliminary testwork results show that spodumene concentrate produced from the Yellowknife

Lithium project is amenable to conversion under typical operating parameters.

Qualified Person

The disclosure in this news release of scientific and technical information regarding LIFT's mineral

properties has been reviewed and approved by Jarrett Quinn, Ph.D., P.Eng, Process Director, Synectiq

Inc., and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for

Mineral Projects (NI 43-101) and member in good standing of the Ordre des Ingénieurs du Québec (OIQ)

(Registration number: 5018119).

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:

[email protected]

Website:

www.li-ft.com

Daniel Gordon

Investor Relations

Tel: +1.604.609.6185

Email:

[email protected]

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.

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/249636