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Li-FT Power Ltd. Announces C$20 Million Bought-Deal Offering to Fund Lithium Development
On August 4, 2026, Li‑FT Power Ltd. (TSXV: LIFT, ASX: LFT, OTCQX: LIFFF, Frankfurt: WS0) revealed it has entered into a bought‑deal public offering of 6,900,000 common shares at C$2.90 per share, targeting gross proceeds of C$20,010,000. The transaction is being led by Canaccord Genuity Corp., which will serve as sole bookrunner and lead underwriter for Li‑FT and its syndicate.
The deal includes an over‑allotment option that permits the underwriters to purchase up to 15 % of the issued shares—roughly 1,035,000 additional shares—at the same offering price. The option can be exercised at any time within 30 days after the closing.
Li‑FT Power is bound by an investor rights agreement that gives Avenir Minerals Limited the right to participate in equity financings. The company will provide Avenir with the required notice under the agreement and expects the miner to take part in the offering, according to the press release.
Proceeds will be used to cover estimated care‑and‑maintenance costs for the first year of the Renard option period under the Renard option agreement, as well as working‑capital needs, as detailed in the prospectus supplement accompanying the base shelf prospectus.
The offering is expected to close on or about August 12, 2026 and is subject to conditions, including receipt of all necessary approvals and the conditional acceptance of the TSX Venture Exchange. Shares will be offered publicly in all Canadian provinces and territories except Quebec. They may also be offered on a private‑placement basis to qualified institutional buyers in the United States under Rule 144A, or under other exemptions from registration in the United States and in other jurisdictions such as Australia. All offerings will be made in compliance with applicable securities laws.
The prospectus supplement, the base shelf prospectus dated November 14, 2025, and any amendments will be available on SEDAR+ within two business days of the release. Li‑FT Power is listed on the TSX Venture Exchange, the Australian Securities Exchange, the OTCQX market, and the Frankfurt Stock Exchange.
Li‑FT Power focuses on developing hard‑rock lithium assets in Canada. Its core development assets include the Adina‑Galinée Lithium Project in the Eeyou Istchee James Bay region of Quebec and the Yellowknife Lithium Project in the Northwest Territories. The company also holds early‑stage exploration properties in both jurisdictions.
Hard‑rock lithium projects are increasingly important as demand for lithium‑ion batteries grows. The company’s assets are positioned to contribute to the supply chain for electric‑vehicle batteries and other high‑energy‑density applications, a sector that has attracted significant investment in recent years.
At present, Li‑FT Power is awaiting the closing of the offering and the conditional approval of the TSX Venture Exchange. The company has not yet reported any changes to its executive team or announced additional financing rounds. Investors will monitor the forthcoming earnings report and any regulatory decisions that could affect the company’s capital‑raising activities.
On May 28, 2026, Li‑FT Power released a technical report for the Adina‑Galinée lithium project, detailing updated resource estimates and development plans. The report was filed with the TSX Venture Exchange and is available on SEDAR.
The company’s investor base includes Avenir Minerals Limited, which holds a significant stake in the Adina‑Galinée project, and other institutional investors. The investor rights agreement gives Avenir the right to participate in equity financings, a provision that is expected to be exercised in this offering.
Li‑FT Power’s listing on multiple exchanges—TSX Venture Exchange, Australian Securities Exchange, OTCQX, and Frankfurt Stock Exchange—provides liquidity for shareholders and facilitates access to capital markets in North America, Australia, and Europe.
The deal includes an over‑allotment option that permits the underwriters to purchase up to 15 % of the issued shares—roughly 1,035,000 additional shares—at the same offering price. The option can be exercised at any time within 30 days after the closing.
Li‑FT Power is bound by an investor rights agreement that gives Avenir Minerals Limited the right to participate in equity financings. The company will provide Avenir with the required notice under the agreement and expects the miner to take part in the offering, according to the press release.
Proceeds will be used to cover estimated care‑and‑maintenance costs for the first year of the Renard option period under the Renard option agreement, as well as working‑capital needs, as detailed in the prospectus supplement accompanying the base shelf prospectus.
The offering is expected to close on or about August 12, 2026 and is subject to conditions, including receipt of all necessary approvals and the conditional acceptance of the TSX Venture Exchange. Shares will be offered publicly in all Canadian provinces and territories except Quebec. They may also be offered on a private‑placement basis to qualified institutional buyers in the United States under Rule 144A, or under other exemptions from registration in the United States and in other jurisdictions such as Australia. All offerings will be made in compliance with applicable securities laws.
The prospectus supplement, the base shelf prospectus dated November 14, 2025, and any amendments will be available on SEDAR+ within two business days of the release. Li‑FT Power is listed on the TSX Venture Exchange, the Australian Securities Exchange, the OTCQX market, and the Frankfurt Stock Exchange.
Li‑FT Power focuses on developing hard‑rock lithium assets in Canada. Its core development assets include the Adina‑Galinée Lithium Project in the Eeyou Istchee James Bay region of Quebec and the Yellowknife Lithium Project in the Northwest Territories. The company also holds early‑stage exploration properties in both jurisdictions.
Hard‑rock lithium projects are increasingly important as demand for lithium‑ion batteries grows. The company’s assets are positioned to contribute to the supply chain for electric‑vehicle batteries and other high‑energy‑density applications, a sector that has attracted significant investment in recent years.
At present, Li‑FT Power is awaiting the closing of the offering and the conditional approval of the TSX Venture Exchange. The company has not yet reported any changes to its executive team or announced additional financing rounds. Investors will monitor the forthcoming earnings report and any regulatory decisions that could affect the company’s capital‑raising activities.
On May 28, 2026, Li‑FT Power released a technical report for the Adina‑Galinée lithium project, detailing updated resource estimates and development plans. The report was filed with the TSX Venture Exchange and is available on SEDAR.
The company’s investor base includes Avenir Minerals Limited, which holds a significant stake in the Adina‑Galinée project, and other institutional investors. The investor rights agreement gives Avenir the right to participate in equity financings, a provision that is expected to be exercised in this offering.
Li‑FT Power’s listing on multiple exchanges—TSX Venture Exchange, Australian Securities Exchange, OTCQX, and Frankfurt Stock Exchange—provides liquidity for shareholders and facilitates access to capital markets in North America, Australia, and Europe.
