Li-FT Power

Name

Li-FT Power

Legal name

Li-FT Power Ltd.

Website

https://li-ft.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Li-FT Power is a Canadian mineral exploration company advancing hard rock lithium pegmatite projects in the Northwest Territories and Quebec, targeting spodumene concentrate and battery-grade lithium carbonate production for the LFP battery supply chain.

Ownership category

akta.pro rank

Product category

Lithium Mining

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Lithium Mining & Brine Extraction (IMAKAFAA), Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Lithium exploration
• Hard rock mining
• Mineral exploration
• Spodumene production
• Critical minerals development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Mineral Exploration and Development: Li-FT Power is a pre-revenue mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects in Canada. The company has not yet reached production. Future revenue is expected to come from the sale of spodumene concentrate and/or lithium chemicals produced from its mining projects once they advance to production.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Li-FT Power is a hard rock lithium mineral exploration and development company focused on identifying, exploring, and advancing lithium pegmatite projects in Canada. The company's portfolio includes the flagship Yellowknife Lithium Project in Northwest Territories and the tier-one Adina Lithium Project in Quebec (acquired through the 2026 combination with Winsome Resources), targeting the production of spodumene concentrate and battery-grade lithium carbonate for the LFP battery market. The company is currently pre-revenue, advancing assets through diamond drilling, metallurgical testing, environmental baseline studies, and a planned downstream lithium carbonate converter.

Product overview

Li-FT Power is a mineral exploration and development company operating a portfolio of hard rock lithium assets in Canada. The company operates a platform-plus-projects model with its flagship Yellowknife Lithium Project in Northwest Territories and the tier-one Adina Lithium Project in Quebec (acquired through the 2026 Winsome Resources combination). The portfolio includes early-stage exploration properties across both jurisdictions (Cali, DeStaffany, LDG & Mackay in NWT; Rupert, Pontax, Nottaway, Moyenne in Quebec) and strategic interests in the Galinée property adjacent to Adina. The company is developing an integrated downstream strategy including a planned 30,000 tpa Lithium Carbonate Converter to process spodumene concentrate into battery-grade lithium chemicals for the LFP battery market. A strategic option on the Renard Mine Site could provide processing infrastructure. The combined Adina-Galinée project creates one of the largest hard rock lithium developers in Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• Yellowknife Lithium Project Flagship lithium pegmatite development project located in Northwest Territories, Canada, comprising mineral leases covering the majority of the lithium pegmatites in the Yellowknife Pegmatite Province. Features multiple spodumene-bearing pegmatites with strike lengths up to 1,800m and widths up to 30m, with an inferred mineral resource of 50.4 million tonnes at 1.00% Li2O. Metallurgical recoveries average 79% producing high-quality spodumene concentrate grading 5.83% Li2O.
• Adina Lithium Project Tier-one lithium development asset acquired through the combination with Winsome Resources, located in the Eeyou Istchee James Bay region of Quebec. Hosts 61.4 Mt at 1.14% Li2O (Indicated) and 16.5 Mt at 1.19% Li2O (Inferred), ranked among the top five largest lithium resources in North America with 77.9 Mt at 1.15% Li2O overall when combined with the Galinée Property.
• Galinée Property Lithium exploration property adjacent to the Adina project in Quebec's Eeyou Istchee James Bay region. LIFT holds a 75% interest following acquisitions from Azimut Exploration Inc. (50%) and SOQUEM Inc. (25%). Hosts wide, high-grade lithium-bearing pegmatites interpreted as a continuation of the Adina pegmatite swarm.
• Cali Lithium Project Exploration project in Northwest Territories within the Little Nahanni Pegmatite Group, featuring systematic sampling results of up to 1.9% Li2O over 21 metres with new pegmatite discoveries expanding the lithium corridor.
• Rupert Project Early-stage exploration property in Quebec's James Bay region with 155,000 hectares of prospective land for buried lithium pegmatites. Exploration program generated 13,093 till geochemistry samples and 892 grab samples across the project.
• Pontax Project Early-stage exploration property in Quebec's Eeyou-Istchee James Bay region (220km north of Matagami), acquired through an option agreement with Harfang Exploration. The 287-claim, 15,323-hectare property identified a 13km by 6km spodumene-in-till anomaly.
• Nottaway Project Early-stage lithium exploration property in Quebec identified through indicator mineral studies revealing thousands of spodumene grains, expanding LIFT's exploration portfolio.
• Moyenne Project Early-stage exploration property in Quebec's James Bay region, part of LIFT's portfolio of lithium pegmatite exploration projects.
• Lithium Carbonate Converter (Scoping Study) Planned downstream processing facility with 30,000 tonnes per annum capacity to produce battery-grade lithium carbonate from spodumene concentrate, targeting the LFP battery market. Currently undergoing scoping study in partnership with SCT, a global lithium conversion engineering firm.

Quantifiable outcome

• Metallurgical recoveries averaging 79% producing spodumene concentrate grading 5.83% Li2O
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Stornoway Diamonds (Canada) Inc.minorStrategic or Co-development Partner · 24 June 2026Li-FT Power entered into a binding call option agreement to acquire the Renard diamond mine site from Stornoway Diamonds for C$1.00, subject to Superior Court of Quebec approval. LIFT paid a C$12 million option fee and will fund C$18 million in care and maintenance costs during a two-year option period to evaluate repurposing the existing 2.2Mtpa processing facility for lithium processing.
• Winsome Resources LimitedcoreStrategic or Co-development Partner · 21 May 2026Li-FT Power completed its combination with Winsome Resources Limited through a scheme of arrangement, acquiring 100% of Winsome shares and options. The transaction adds the tier-one Adina lithium project in Quebec to LIFT's portfolio. Approximately 27.9 million LIFT shares were issued to acquire Winsome, creating one of the largest hard rock lithium developers in Canada.
• SCT (Lithium Conversion Engineering Firm)coreTechnology or Integration · 2 March 2026Li-FT Power partnered with SCT, a global lithium conversion engineering and technology provider, to conduct a scoping study for a 30,000 tonnes per annum Lithium Carbonate Converter integrated with the Yellowknife Lithium Project. SCT will evaluate optimal converter site locations and process design.
• Rose & CompanyminorGTM or Marketing Partner · 25 February 2026Li-FT Power retained Rose & Company to provide investor relations and institutional investor outreach services at a cost of USD $50,000 per quarter over an initial one-year term to enhance capital markets engagement.
• SOQUEM Inc.coreStrategic or Co-development Partner · 24 February 2026Li-FT Power signed a definitive purchase agreement to acquire an additional 25% interest in the Galinee property from SOQUEM Inc., increasing LIFT's total stake to 75%. The transaction involved issuance of 1,000,000 common shares of LIFT. SOQUEM retains 25% interest in the joint venture.
• Azimut Exploration Inc.coreStrategic or Co-development Partner · 18 February 2026Li-FT Power closed acquisition of 50% interest in the Galinee property from Azimut Exploration Inc. in Quebec. Consideration was 2,000,000 common shares plus a $1,500,000 deferred payment. Azimut retained a 1.4% NSR royalty on the property.
• Yellowknives Dene First NationcoreStrategic or Co-development Partner · 4 December 2025Li-FT Power maintains a strategic partnership with the Yellowknives Dene First Nation, including a signed MOU for the Yellowknife Lithium Project. The partnership, along with Det'on Cho Environmental, was recognized with the Hearts of Gold Trailblazer Award for creating career opportunities and environmental stewardship for Indigenous community members.
• Det'on Cho EnvironmentalcoreStrategic or Co-development PartnerLi-FT Power conducted its first full year of environmental baseline studies for the Yellowknife Lithium Project led by Det'on Cho Environmental, an Indigenous-owned environmental consulting firm. The comprehensive program assessed aquatic, atmospheric, terrestrial, and human environments, supporting advanced permitting and mine planning.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Sigma Lithium: Brazilian hard rock lithium producer with the Grota do Cirilo project supplying battery-grade lithium concentrate. Comparable to Li-FT as a publicly listed spodumene producer focused on supplying the LFP/battery-grade lithium market with ESG positioning.
• Critical Elements Lithium Corporation: Quebec-based developer of the Rose Lithium-Tantalum project in the James Bay region with planned spodumene concentrate production. Comparable to Li-FT as a Quebec-focused hard rock lithium developer targeting battery-grade lithium supply chains.
• Piedmont Lithium (Sayona Quebec): US-listed lithium developer with North American hard rock assets including partnerships with Sayona in Quebec. Comparable to Li-FT as a North American-focused hard rock lithium developer with planned downstream lithium hydroxide conversion.
• Rock Tech Lithium: Canadian-German developer of the Georgia Lake project in Ontario with a planned lithium hydroxide converter in Germany. Comparable to Li-FT as a publicly listed hard rock lithium developer with an explicit vertical integration strategy into battery-grade lithium chemicals.
• Sayona Mining: Australian-listed hard rock lithium producer with North American operations including the NAL (North American Lithium) operation in Quebec. Closely comparable to Li-FT as a James Bay-region spodumene producer-developer with combined Quebec and Australian corporate structure.
• Frontier Lithium: Canadian junior developing the PAK Lithium Project in Ontario with a downstream lithium hydroxide converter strategy. Comparable to Li-FT as a Canadian hard rock lithium developer pursuing vertical integration into battery-grade lithium chemicals.
• Patriot Battery Metals: Canadian hard rock lithium developer advancing the Shaakichiuwaanaan (formerly Corvette) project in the James Bay/Eeyou Istchee region of Quebec. Directly comparable to Li-FT as a TSXV-listed spodumene-focused explorer in the same Quebec jurisdiction targeting LFP-grade lithium supply.

Broad incumbents

• Arcadium Lithium (formerly Allkem/Livent): Major global lithium producer (merged from Allkem and Livent) with diversified hard rock and brine operations. Comparable to Li-FT as a vertically integrated lithium chemicals producer; serves as a likely long-term acquirer or strategic partner for Tier-1 hard rock developers like Li-FT.
• Liontown Resources: Australian-listed hard rock lithium developer of the Kathleen Valley project in Western Australia, now majority-owned by Albemarle. Comparable to Li-FT as a Tier-1 hard rock lithium developer with offtake commitments to major battery and OEMs.

Regional players

• Core Lithium: Australian-listed spodumene producer operating the Finniss Lithium Project in the Northern Territory. Comparable to Li-FT's portfolio structure (multiple pegmatite projects) and TSXV/ASX dual-listing approach, though geographically focused on Australia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/li-ft-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Li-FT Power