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i2i and its principals are arm’s length to the Company and do not have any direct or indirect interest in the Company, or its securities, nor any right or intent to get such an interest. The arrangement with i2i undergoes the approval of the TSX Venture Exchange.
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This release is authorised by the Board of Directors of Li-FT Power Ltd.
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About Renard
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Renard is a mining and processing website situated in the Eeyou Istchee James Bay area of Québec, roughly 60 kilometres south of the Adina Lithium Project and around 400 kilometres north of a nationwide train connection at Chibougamau. Chibougamau is linked by roadway and rail to the crucial mineral and EV battery supply chain center in Bécancour. Renard initially produced diamonds in 2016 and its facilities consists of a completely covered 2.2 Mtpa processing center, the on-site Clarence and Abel Swallow Airport, a 16 MW LNG-fired power station, tailings and water management facilities, an upkeep store, a 330-bed camp, and irreversible all-season roadway access to Chibougamau and onward connections to the St. Lawrence Seaway and significant ports.
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About Stornoway
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Stornoway is a Canadian diamond production, expedition and advancement business whose primary mineral residential or commercial property is its 100% owned Renard diamond mine and processing center. On October 27, 2023, Stornoway revealed that Renard was being positioned into care and upkeep pending a healing in diamond costs, which reorganizing procedures (the”CCAA Proceedings) under the Companies’ Creditors Arrangement Act (“CCAA”) before the Court had actually started. The stay of procedures has actually been extended from time to time and the CCAA Proceedings stay continuous.
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About LIFT
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LIFT is concentrated on establishing a portfolio of acid rock lithium possessions in Canada, with core advancement possessions in both Quebec and the Northwest Territories. The Company owns the Adina Lithium Project in the Eeyou Istchee James Bay area of Québec and the Yellowknife Lithium Project in the Northwest Territories. LIFT likewise holds early-stage expedition residential or commercial properties in both jurisdictions.
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Cautionary Statement Regarding Forward-Looking Information
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Particular declarations consisted of in this news release make up positive info or declarations (jointly, “positive declarations”), consisting of those recognized by the expressions “prepare for”, “think”, “strategy”, “price quote”, “anticipate”, “mean”, “might”, “need to” and comparable expressions to the degree they associate with the Company or its management. The positive declarations are not historic realities however show present expectations relating to future outcomes or occasions. Positive declarations in this news release consist of, without constraint, declarations concerning: the conclusion of the proposed Transaction on the terms explained or at all; the invoice of regulative approvals, consisting of TSX Venture Exchange approval; the Company’s capability to work out and perform conclusive deal contracts upon workout of the Option; the invoice of Court approval of the Acquisition Agreement pursuant to the CCAA Proceedings; the approximated C&M Costs at Renard throughout the Option Period; the Company’s capability to protect funding to money C&M Costs and any future deal factor to consider; the awaited timing of research studies and settlements throughout the Option Period; and the capacity for the Renard procedure plant to procedure spodumene pegmatite ore from the Adina Lithium Project. These positive declarations and details show management’s existing beliefs and are based upon presumptions made by and info presently readily available to the Company with regard to the matter explained in this press release.
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Positive declarations include dangers and unpredictabilities, which are based upon present expectations since the date of this release and topic to understood and unidentified dangers and unpredictabilities that might trigger real outcomes to vary materially from those revealed or indicated by such declarations, consisting of the danger that; the financial practicality of the Transaction might not be developed throughout the Option Period; the Company might not protect appropriate funding to finish the Transaction or fund continuous commitments; modifications in product rates might impact the practicality of the Transaction; the Company’s capability to work out an extension of the Option Period, if required; the Company’s capability to work out appropriate conclusive deal arrangements within the Option Period for the workout of the Option; the Acquisition Agreement going through Court approval pursuant to the CCAA Proceedings, which might not be acquired or might go through conditions; basic financial, market and company conditions; and other dangers explained under “Risk Factors” in the Company’s most current yearly info kind submitted on April 27, 2026, readily available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has actually made and might make with suitable securities authorities in the future. Positive declarations included herein are made just regarding the date of this news release and we carry out no commitment to upgrade or modify any positive declarations whether as an outcome of brand-new info, future occasions or otherwise, other than as needed by law. We warn financiers not to put significant dependence on the positive declarations consisted of in this news release.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is specified in the policies of the TSX Venture Exchange) accepts obligation for the adequacy or precision of this press release.
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