LIFT Commences Lithium Carbonate Converter Scoping Study as Part of Integrated Downstream Strategy for the Yellowknife Lithium Project

2 March 2026

March 2, 2026 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) is pleased to announce the commencement of a Scoping Study to build a Lithium Carbonate Converter (“Converter Project”), to be integrated with its Yellowknife Lithium Project in the Northwest Territories. The Converter Project will have a planned production capacity of 30ktpa Lithium Carbonate Equivalent (“LCE”) of Battery Grade Lithium Carbonate, sourcing future feedstock from the Yellowknife Lithium Project. The launch of the Scoping Study is coordinated with the emerging regional demand considerations, as the lithium battery value chain continues to evolve and develop in Canada and more broadly the North American market.