Li-FT Power Ltd. Completes Major Land Sale to Power Metallic Mines Inc.
On June 9, 2025, Li-FT Power Ltd., an exploration stage company based in Vancouver, Canada, announced a significant transaction involving the sale of mineral claims to Power Metallic Mines Inc. This deal marks a substantial expansion for Power Metallic’s Nisk - Lion Polymetallic Project.
Transaction Details
Li-FT Power Ltd. sold a 100% interest in 313 mineral claims, covering an area of 167 km², to Power Metallic Mines Inc. The transaction was valued at $700,000 in cash and 6,000,000 shares of Power Metallic. This acquisition is part of Power Metallic’s strategy to expand its land holdings and exploration activities.
Impact on Power Metallic Mines Inc.
The acquisition significantly increases Power Metallic’s land position by over 300%, expanding it to approximately 212.86 km². This expansion secures about 20 km of strike on the northern basin, enhancing the company’s exploration potential. The newly acquired claims adjoin Power Metallic’s existing 45.86 km² Nisk property, where ongoing exploration is focused on the high-grade Lion Cu–PGE discovery and the Nisk Ni–Cu–Co deposit.
Li-FT Power Ltd. Overview
Li-FT Power Ltd. is primarily involved in the acquisition, exploration, and development of mineral properties. The company is listed on the Canadian National Stock Exchange and operates with a market capitalization of 71,000,000 CAD. Despite a negative price-to-earnings ratio of -8.82, the company remains active in the materials sector, focusing on expanding its portfolio of mineral properties.
Conclusion
This strategic acquisition by Power Metallic Mines Inc. underscores the company’s commitment to expanding its exploration capabilities and securing valuable mineral assets. For Li-FT Power Ltd., the sale represents a strategic move to capitalize on its existing assets while potentially reallocating resources to other opportunities within its operational jurisdiction.