Commodities
LIFT Reports Drill Results from Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (ASX:LFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report results from the 2026 winter and 2025 summer programs completed at the Yellowknife Lithium Project (“YLP”), located outside the city of Yellowknife, Northwest Territories (Figure 1). This news release provides results from 20 holes drilled on the YLP, for a total of 5,324 m. Seventeen of these holes (4,778 m) were dr
About this update from Li-ft Power Ltd.
VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. ("LIFT" or the "Company") (TSXV: LIFT) (ASX:LFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report results from the 2026 winter and 2025 summer programs completed at the Yellowknife Lithium Project ("YLP"), located outside the city of Yellowknife, Northwest Territories (Figure 1). This news release provides results from 20 holes drilled on the YLP, for a total of 5,324 m. Seventeen of these holes (4,778 m) were drilled as part of the 2026 winter program and three (546 m) were drilled as part of the 2025 summer work program. Highlights from the results reported in this news release include: Figure 1 – Location of LIFT's Yellowknife Lithium Project (YLP) in the NWT. Figure 2 – Location of LIFT's BIG, Fi Main (Fi), Fi SW, and Ki pegmatites within the YLP. The seventeen 2026 holes were all drilled in the BIG area of the YLP (Figure 2), marking the first drill campaign at BIG since publication of the inferred mineral resource released to the TSXV in October 2024 and ASX on 22 May 2026.1 The three holes from the 2025 program were drilled on the Fi Main, Fi SW, and Ki pegmatites (Figure 2) and underwent geotechnical strength testing before geochemical analysis. Discussion of Results BIG pegmatite The BIG area includes the BIG East, West, and North pegmatites, with BIG North representing either a separate complex from BIG East or its fault-offset northern extension. Sixteen of the 2026 holes were drilled on the BIG East pegmatite, and one hole was drilled at BIG North (Figure 3). The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel-trending dykes that is exposed for at least 1.8 km of strike length, ranges from 10-100 m wide, and dips approximately 55°-75° to the west. Spodumene-bearing pegmatite may occur either as a single dyke 20-35 m wide, or as two to four dykes of similar cumulative thickness within corridors up to 65 m wide. The holes drilled as part of the 2026 winter program extend along 1,000 m of strike length and reach depths of 50 to 300 m below surface. The BIG North pegmatite comprises a north-northeast trending dyke swarm exposed over at least 350 m of strike length, ranging from 10-35 m in width, and dipping approximately 70° west.