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Li-FT Power Announces Commencement of Drilling at the Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is please
About this update from Li-ft Power Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce commencement of drilling, at the Yellowknife Lithium Project (YLP) in the Northwest Territories Canada (Figure 1). Figure 1 – Location of LIFT’s Yellowknife Lithium Project (YLP) in the NWT. Proposed 2026 Drill Program A 6,770m resource drill program is planned for the BIG East spodumene pegmatite (Figure 2), building on strong results delivered during the 2023 and 2024 resource drill campaigns. The program is designed to step out from high-grade spodumene mineralisation that remains open along-strike and down-dip from the limits of 2023-24 drilling, including 26m of 1.56% Li₂O, 22m of 1.35% Li₂O, and 35m of 1.34% Li₂O (Figures 5 to 7). Diamond drill holes are planned on 100m spaced sections (Figure 4) with the objective of building on the current BIG East inferred spodumene resource, which currently represents approximately one third of the global resource tonnes at YLP. LIFT’s technical team believes the BIG East deposit demonstrates strong expansion potential and has the capacity to add significant additional tonnes to the YLP global mineral resource, with results expected to be incorporated into a Preliminary Economic Assessment (PEA) scheduled for release in 2027. Figure 2 – Location of the 2026 work area on the BIG East pegmatite within the YLP. BIG East deposit description The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel trending dykes that is exposed for at least 1,500m of strike length, with the northeast end displaced to the north ~350m (Figure 3 & 4). The width of the dike corridor ranges from 20-100 m and dips 55°-75° to the west. The 2023 and 2024 drilling tested 1200m of strike length, to a vertical depth between 150m and 250m from surface. The 2026 drill plan is composed of 26 resource holes (6,770m), with 24 of those holes (6,480m) planned for the main dike corridor and two holes (290m) planned at the Northeast extension (Figure 4). Drill holes are designed to extend spodumene intercepts that remain open at the limits of the 2023 and 2024 drilling to a vertical depth of ~300m (Table 1). Cross-section examples of the BIG East geometry and planned drill holes with 2023-24 results, are shown on s...