Li-FT Power Ltd. closes C$23M bought deal public offering

On August 12, 2026, Li-FT Power Ltd. (“LIFT”) completed its previously announced “bought deal” public offering of 7,935,000 common shares of LIFT (the “Offered Shares”), which includes the exercise in full of the over-allotment option, at a price of C$2.90 per Offered Share for gross proceeds of C$23,011,500 (the “Offering”).

The Offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp., as lead underwriter and sole bookrunner, and including BMO Capital Markets, Raymond James Ltd., ATB Cormark Capital Markets and SCP Resource Finance LP. LIFT intends to use the net proceeds from the Offering to fund the estimated care and maintenance costs for the first year of the Renard option period under the Renard option agreement and for working capital.

LIFT is a Canadian mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects, with assets located in the Northwest Territories and Québec.

McCarthy Tétrault assisted LIFT with a team led by Shaun Khullar and Nancy Choi that included Krystel Ametepeh, Omar Berih, Annie Poirier-Simard (Business), Mike Hegedus and Kate Neil (Tax).