LIFT Sells 313 Claims in Quebec to Power Metallic Mines for $700,000 in Cash and 6,000,000 Shares

9 June 2025

June 9, 2025 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce that it has entered into a definitive agreement with Power Metallic Mines Inc. (TSXV: PNPN) for the sale of a 100% interest in 313 claims from the Rupert Project, Quebec.  

In consideration for the 313 claims, LIFT will receive:

  • C$700,000 in cash on closing
  • 6,000,000 shares on closing
  • 3,000,000 of 6,000,000 shares issued are also subject to a contractual, time-based restriction on transfer for 12 months from the closing
  • 0.5% net smelter returns (NSR) royalty (no buyback provision)

The transaction is subject to customary closing conditions, including regulatory approvals where applicable Following the completion of this transaction, LIFT will retain a total of 2,203 claims comprising the Rupert Project in Quebec.

Francis MacDonald, CEO of LIFT comments, “This transaction unlocks value within LIFT’s portfolio with the divesture of non-core claims and allows us to participate in the exciting discoveries that Power Metallic has made. With the current lithium market conditions remaining challenging, this transaction provides optionality for a non-dilutive source of capital down the road. We look forward to seeing the progress that Power Metallic will make in the coming months.”

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