Li-FT Power Ltd. announced further to its December 15, 2025 and February 24, 2026 press releases that it has closed its acquisition of an additional 25% interest in the exclusive exploration rights commonly known as the Galinée property from SOQUEM Inc. Following closing, Li-FT Power Ltd. now holds a 75% interest in the Galinée Property, with the remaining 25% interest continuing to be held by SOQUEM. Li-FT Power Ltd. is the operator of the Galinée Property under joint venture with SOQUEM. Under the terms of the purchase agreement with SOQUEM, consideration for SOQUEM?s 25% interest in the Galinée Property consisted of 1,000,000 common shares in the capital of the Company.
The common shares issued pursuant to the SOQUEM Agreement are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws.
