Skip to content

LIFT Power Ltd. Launches Public Offering to Fund Canadian Lithium Project

Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is excited to initiate a public offering of 1,179,500 flow-through shares at $6.05 each to raise $7,135,975.

Public Offering and Private Placement Details

Li-FT Power Ltd. has launched its public offering in conjunction with a private placement of 689,660 shares at $4.35 each, aiming to raise an additional $3,000,021. These financial efforts support the Yellowknife Lithium Project in Northwest Territories, Canada.

Funding Purpose

The proceeds will ensure the exploration and development of this flagship lithium project, with all activities planned to qualify under Canadian tax benefit regulations for flow-through shares. The anticipated closing date for both offerings is around March 27, 2024.

About Li-FT Power Ltd.

A leading mineral exploration firm, Li-FT focuses on lithium pegmatite projects across Canada, including the promising Yellowknife Lithium Project and early-stage explorations in Quebec.

The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

The image is randomly selected and doesn’t necessarily represent the company or the news below.

Click here for more Company News