Li‑FT Power Ltd. Advances Exploration and Expands Asset Base
Li‑FT Power Ltd. (TSX‑V: LIFT, OTCQX: LIFFF) has accelerated its exploration program in the Canadian Arctic and strengthened its portfolio with a significant equity stake in a Quebec lithium property. The company, listed on the TSX Venture Exchange, is in the early‑stage development phase, focusing on acquisition, exploration, and development of mineral assets within its jurisdictions.
Commencement of Yellowknife Lithium Drilling
On 17 February 2026, Li‑FT Power announced the launch of its first drilling program at the Yellowknife Lithium Project in the Northwest Territories. The project is situated in the Yellowknife area, a region recognized for its lithium‑rich pegmatite formations. The drilling initiative was publicly disclosed by the company via GlobeNewswire on 17 February and reiterated by multiple financial news outlets the following day. By the close of the market on 17 February, the company’s share price stood at CAD 7.30, reflecting investor enthusiasm for the new drilling activity.
The drilling program is aimed at defining the mineral resource potential of the Yellowknife lithium deposit. While specific assay results have not yet been released, the initiative demonstrates Li‑FT’s commitment to expanding its Arctic lithium footprint and leveraging the region’s favorable geological characteristics.
Acquisition of 50 % Interest in the Galinée Property
In a parallel development, Li‑FT Power completed the acquisition of a 50 % equity interest in the Galinée property on 18 February 2026. The transaction was finalized with Azimut Exploration Inc. (TSXV: AZM), a Quebec‑based exploration company. The Galinée property lies adjacent to the Adina lithium deposit, which is owned by Winsome Resources Ltd. The purchase brings Li‑FT into a strategically positioned location in the James Bay region, an area known for high‑grade lithium‑bearing pegmatites.
The acquisition was reported by GlobeNewswire on 18 February and corroborated by multiple financial news sites, including Wallstreet‑Online.de and the Financial Post. The deal is expected to broaden Li‑FT’s asset base and provide access to a property that could potentially augment the company’s lithium resource estimates.
Strategic Implications
The simultaneous initiation of drilling at Yellowknife and the acquisition of the Galinée property represent a two‑pronged approach to growth. On one front, Li‑FT is validating new resources in the Arctic, a region that has attracted considerable interest from global lithium developers. On the other, it is securing a foothold in Quebec, a province that has become a focal point for lithium exploration due to its proven pegmatite deposits.
Both actions are aligned with Li‑FT’s stated objective of advancing exploration and development of mineral properties. The company’s market capitalization, as of the latest reporting period, is CAD 296 158 880. The price‑to‑earnings ratio is negative, reflecting the company’s status as an exploration‑stage entity with no earnings to date. Nonetheless, the company’s share price has demonstrated resilience, trading within a range between CAD 1.40 (52‑week low) and CAD 9.17 (52‑week high) over the past year.
Outlook
While specific production timelines remain unclear, the combination of new drilling activity and asset acquisition positions Li‑FT Power Ltd. for potential upside as the global demand for lithium continues to rise. Investors and analysts will likely focus on the outcomes of the Yellowknife drilling program and the development trajectory of the Galinée property in the coming months.
