Francis MacDonald
CEO
Li-FT Power
Li-FT Power focuses on the exploration and development of lithium pegmatite projects to meet the growing demand for lithium in battery production. By identifying and advancing early-stage deposits, the company aims to enhance the supply chain for lithium, addressing the critical shortage in the market.
- Clean Technology
- Energy
Updated 6 months ago
Funding
Raised to date
$15.4MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
The increasing demand for lithium in battery production necessitates the discovery and development of new lithium resources. Current lithium supply chains face potential shortages, requiring exploration and advancement of early-stage lithium deposits.
Solution
Li-FT Power is focused on the acquisition, exploration, and development of hard rock lithium pegmatite projects in Canada. The company's flagship Yellowknife Lithium Project features mineral leases covering the majority of lithium pegmatites within the Yellowknife Pegmatite Province. Li-FT Power is actively exploring three early-stage properties in Quebec, which have the potential for discovering buried lithium pegmatites. Additionally, the company holds the Cali Project in Northwest Territories, situated within the Little Nahanni Pegmatite Group.
Target Audience
The primary target audience includes investors interested in the lithium mining sector and companies seeking to secure lithium resources for battery production.
Features
- Yellowknife Lithium Project: Contains an inferred mineral resource estimate of 50.4 million tonnes at 1.00% Li2O.
- Yellowknife Lithium Project: Features excellent transport infrastructure with proximity to road and rail.
- Yellowknife Lithium Project: Achieved 79% recoveries of high-quality spodumene concentrate grading 5.83% Li2O in metallurgical testing.
- Quebec Properties: Holds the largest land position in the James Bay region of Quebec (2,300 km2).
- Quebec Properties: The Pontax Project contains a 25 km long spodumene-in-till anomaly.
- Cali Project: Prospecting and mapping have defined a number of spodumene pegmatite corridors/dyke swarms.
- Cali Project: 124 out of 163 grab samples returned a grade of >1% Li2O.