Li FT Power (TSXV:LIFT) - Commits $7M to Environmental Studies for 50M+ Ton Lithium Project

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9d ago 22:26

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Interview with Francis Macdonald, Director & CEO of Li-FT Power Ltd.

Our previous interview: https://www.cruxinvestor.com/posts/li-ft-power-tsxvlift-pioneering-lithium-exploration-in-canadas-yellowknife-region-5667

Recording date: 8th August 2025

Li FT Power (TSXV: LIFT) is taking an aggressive contrarian approach during the lithium market downturn, investing heavily in development activities while competitors have retreated or ceased operations. CEO Francis MacDonald has positioned the company for the anticipated market recovery through strategic leadership additions and substantial capital commitments.

The appointment of Anthony Peter Tse as chairman represents a significant strategic evolution. Tse's background as former CEO of Galaxy Resources, which transformed into Arcadium before being acquired by Rio Tinto for $6.7 billion, brings extensive lithium industry networks and operational expertise. "His background in lithium is pretty extensive and having operated a spodumene mine and also been involved in the downstream refining and conversion part of it," MacDonald noted.

Li FT Power is committing $7 million toward environmental baseline studies for its Yellowknife lithium project, a substantial investment for an exploration-stage company. This strategic decision addresses Canada's primary mining bottleneck - the permitting process, which requires two years of baseline data before environmental assessment can begin. The company aims to position itself "at the front of the line" when market conditions improve.

The Yellowknife project hosts a resource exceeding 50 million tons and features potential processing advantages through Dense Media Separation technology. This gravity-based approach leverages the density difference between spodumene and waste rock, potentially reducing operating costs compared to conventional flotation processing.

MacDonald remains optimistic about lithium fundamentals, citing 30% growth in electric vehicle sales and 60% growth in battery storage applications, driving overall lithium demand growth of approximately 20% annually. Recent lithium price increases of 30% from multi-year lows suggest the prolonged downturn may be ending.

Li FT Power's downstream integration opportunities around Edmonton, Alberta, offer additional value creation potential, taking advantage of existing chemical infrastructure and competitive operating costs in the region.

View Li-FT Power's company profile: https://www.cruxinvestor.com/companies/li-ft-power-ltd

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