LIFT Power Ltd. announced 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 consideration, as the lithium battery value chain continues to evolve and develop in Canada and more broadly the North American market.
Highlights: LIFT to launch Scoping Study for a Lithium Carbonate Converters as part of advancing its integrated downstream strategy; Scoping Study to be based on a planned 30,000 tonnes per annum ("tpa" or together "30ktpa") production capacity of battery grade lithium carbonate, taking spodumene concentrate feedstock supplied from the Yellowknife Lithium project; The exercise will also include a high-level site evaluation study to best ascertain the optimal location for the future Lithium Carbonate Converter, based on a number of key factors and considerations, including proximity and logistics to the Yellowknife Lithium Project location in the Northwest Territories; LIFT's advancement of this integrated strategy, taking spodumene concent produced at Yellowknife and processing the raw materials through to lithium chemicals, will help support the continued build-out of a vertically integrated domestic supply chain in Canada. Lithium carbonate is a key chemical input material used in the production of Lithium Carbonate, has taken into consideration of it being the preferred input material used in the production the production of LFP ("Lithium Ferro Phosphate" or "Lithium Iron Phosphate") cathode materials. The LFP chemistry has continued its growth in not only Electric Vehicle ("EV") applications, where LFP is growing in adoption particularly within the mass market vehicle segment, but more notably and significantly in recent years within the Energy Storage System ("ESS") application sector.
According to the International Energy Agency, LFP based technology in 2025 demanded a share in the global EV market of more than 50%, while it dominates the global ESS market with a share of more than 90%. For the Scoping Study, LIFT has elected to partner with SCT - a globally leading engineering design, technology and equipment provider, focused on the lithium chemicals and battery materials sector. The company was established in 2002 and has offices in Australia, South Korea, China, Indonesia and Germany - providing engineering and technology solutions for lithium minerals conversion, refinery and cathode active material projects.
