Li-FT Announces First Results from Summer Drill Program at the Adina-Galinée Lithium Project, Quebec

Li-FT Power reports strong lithium drill results at Adina-Galinée, targeting a 2027 resource estimate.

What the company is saying

Li-FT Power Ltd. (TSXV:LIFT, ASX:LFT, OTCQX:LIFFF, FRANKFURT:WS0) is highlighting assay results from the first 5 of 45 drill holes at its Adina-Galinée Lithium Project in Quebec. The company emphasizes a headline intercept of 56 metres at 1.43% Li₂O in hole ALP0002, alongside multiple other high-grade intervals across the first batch of 2026 drilling. Management, led by President & CEO Francis MacDonald, frames these results as supporting the interpretation of a large, continuous spodumene-bearing pegmatite system. The release stresses that these data will feed into a combined Mineral Resource Estimate and Preliminary Economic Assessment, targeted for early 2027. The company positions Adina-Galinée within a region hosting several large hard-rock lithium deposits, drawing direct comparisons to projects like Shaakichiuwaanaan (84.3 Mt at 1.26% Li₂O), Moblan (121.0 Mt at 1.19% Li₂O), and Whabouchi (26.9 Mt at 1.45% Li₂O resources, 26.5 Mt at 1.32% Li₂O reserves). Technical rigor is underlined by detailing sample preparation, assay methodology, and the involvement of an independent Qualified Person, Marc-Antoine Laporte. The tone is confident, focusing on operational progress and future milestones, with no promotional exaggeration.

What the data suggests

The company drilled 11,420.5 metres in 2026 and incorporated 1,983 metres of historical 2024 drilling, totaling 13,403.5 metres of core at Adina-Galinée. Drillhole ALP0002 returned 56 metres at 1.43% Li₂O, which is a strong lithium intercept by global hard-rock standards. Other notable results include 9 metres at 1.72% Li₂O and 20 metres at 0.70% Li₂O (ALP0001), 28 metres at 1.64% Li₂O (ALP0003), and 4 metres at 2.61% Li₂O (ALP0005C). The mineralized corridor is approximately 350 metres wide and extends for 2.5 kilometres, indicating significant scale potential. Collar coordinates and drill parameters are fully disclosed, supporting data transparency. Sample preparation and assay protocols are described in detail, with lithium converted to Li₂O using a 2.153 factor. The results are consistent with the presence of a large spodumene pegmatite system, but no Mineral Resource Estimate or economic assessment is yet available. The company is still at the exploration and geological modeling stage, with results to be incorporated into a resource estimate and PEA targeted for early 2027. All technical disclosures have been reviewed by an independent Qualified Person, lending credibility to the reported data.

Analysis

The announcement is a factual and detailed operational update on Li-FT Power Ltd.'s 2026 summer drilling program at the Adina-Galinée Lithium Project. It provides specific assay results, drill collar data, and technical context, all of which are realised and verifiable. The only forward-looking claim is the intent to use these results for a Mineral Resource Estimate and Preliminary Economic Assessment targeted for early 2027, which is appropriate for an exploration-stage company. There is no exaggerated language or narrative inflation; the tone is positive but proportionate to the evidence. No large capital outlay or immediate financial impact is claimed, and the technical data is reviewed by an independent Qualified Person. The gap between narrative and evidence is minimal, with all key claims supported by disclosed data.

Risk flags

• ●Resource and economic upside remain unproven until the Mineral Resource Estimate and Preliminary Economic Assessment are completed in early 2027. Investors face uncertainty about the project's ultimate scale, grade continuity, and economic viability until those studies are delivered.
• ●Operational and geological risks persist, as only 5 of 45 planned drill holes have been reported. The continuity, thickness, and grade of mineralization across the full strike length and depth of the corridor remain to be established.
• ●No financial data, cost disclosures, or funding updates are provided in this release. The company's ability to finance ongoing exploration and future development is not addressed, leaving capital availability and dilution risk unquantified.
• ●Permitting, community, and environmental factors are not discussed. The Eeyou Istchee James Bay region has seen both successful mine development and project delays due to regulatory or social issues, which could impact timelines or project advancement.

Bottom line

Li-FT Power's first batch of 2026 drill results at Adina-Galinée demonstrate strong lithium grades and significant mineralized widths, supporting the case for a large-scale hard-rock lithium system in Quebec. The company is transparent with technical data and assay protocols, and results have been reviewed by an independent Qualified Person. However, the project remains in the exploration phase, with a Mineral Resource Estimate and Preliminary Economic Assessment not expected until early 2027. No financial, cost, or funding information is provided, and key risks around resource continuity, economics, permitting, and capital remain unresolved. For investors, the main takeaway is that these results are promising but preliminary; the next critical milestone will be the delivery of a compliant resource and economic study. Until then, the story is about geological potential rather than near-term value realization.

Announcement summary

(TSXV:LIFT) (ASX:LFT) (OTCQX:LIFFF) (FRANKFURT:WS0) Li-FT Power Ltd. announced assay results from the first 5 of 45 drill holes at the Adina-Galinée Lithium Project (AGLP) in Québec, Canada. The 2026 summer drilling program included 39 holes totaling 11,420.5 metres, along with 6 historical holes from 2024 totaling 1,983 metres, for a combined 13,403.5 metres of drill core. Drill holes ALP-0001 to ALP-0005C are detailed in this release. Highlights include 56 metres of 1.43% Li₂O in drillhole ALP0002. Other intercepts include 9 metres at 1.72% Li₂O (ALP0001), 20 metres at 0.70% Li₂O (ALP0001), 28 metres at 1.64% Li₂O (ALP0003), 4 metres at 1.25% Li₂O (ALP0004), 13 metres at 1.29% Li₂O (ALP0004), 6 metres at 1.12% Li₂O (ALP0004), 5 metres at 0.92% Li₂O (ALP0004), 14 metres at 0.53% Li₂O (ALP0004), 4 metres at 1.26% Li₂O (ALP0005C), 4 metres at 2.61% Li₂O (ALP0005C), and 14 metres at 1.68% Li₂O (ALP0005C). Collar locations for these holes are provided, with coordinates such as 668,340E/5,908,561N for ALP0001. The Adina-Galinée spodumene pegmatite system comprises three zones: Main, Footwall, and Galinée, forming a corridor approximately 350 metres wide and 2.5 kilometres long. The 2026 drill program focused on the Galinée Zone to improve geological understanding. Results will be used to combine the three zones into a Mineral Resource Estimate and Preliminary Economic Assessment, targeted for early 2027. The project is located in the Eeyou Istchee James Bay region, a hard-rock lithium district with other significant deposits, including Shaakichiuwaanaan (84.3 Mt at 1.26% Li₂O), Moblan (121.0 Mt at 1.19% Li₂O), and Whabouchi (26.9 Mt at 1.45% Li₂O resources, 26.5 Mt at 1.32% Li₂O reserves). Drill core samples were processed at the Renard Mine and analyzed by MSALABS using methods CRU-CPA and PPU-530, with lithium concentrations converted to Li₂O using a factor of 2.153. Francis MacDonald is President & CEO of LIFT. The scientific and technical information was reviewed and approved by Marc-Antoine Laporte, M.Sc., P.Geo., Director Geological Services MIN NAM Global, SGS Geological Services, who is an independent Qualified Person. The company confirms that all material assumptions and technical parameters underpinning the estimates in its April 13, 2026 Prospectus continue to apply and have not materially changed.

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