Lithium demand is expected to grow seven times over between 2021 and 2030 thanks to electric vehicles, demand for renewable energy, and its continued used in electronics, says iShares.com. Unfortunately, the world doesn’t have enough supply to meet that demand. And it may not for quite some time, if at all. That’s bullish news for companies like LI-FT Power Ltd. (CSE: LIFT) (OTCQX: LIFFF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI), and Piedmont Lithium (NASDAQ: PLL).

Also, remember, according to Stellantis CEO Carlos Tavares, there’s not enough lithium go around for the industry’s plans. “We know that we need lithium. We know that we are not producing as much as we need. We have right now 1.3 billion cars (that are) internal combustion engine powered on the planet. We need to replace that with clean mobility. That will need a lot of lithium. Not only the lithium may not be enough, but the concentration of the mining of lithium may create other geopolitical issues,” he said, as quoted by The Detroit News.

Look at Li-FT Power Ltd. (CSE: LIFT) (OTCQX: LIFFF), For Example

Li-FT Power Ltd. reported assays from 5 drill holes completed at the Shorty and BIG East pegmatites within the Yellowknife Lithium Project located outside the city of Yellowknife, Northwest Territories. Drilling has intersected significant intervals of spodumene mineralization, with the following highlights:

Highlights:

- YLP-0092: 18 m at 1.72% Li₂O, (BIG East)

and: 7 m at 1.58% Li₂O.

- YLP-0064: 13 m at 1.55% Li₂O, (BIG East)

and: 10 m at 1.04% Li₂O

- YLP-0063: 9 m at 1.09% Li₂O, (BIG East)

and: 8 m at 1.26% Li₂O

and: 3 m at 1.20% Li₂O.

- YLP-0060: 9 m at 1.21% Li₂O, (BIG East)

and: 4 m at 1.39% Li₂O

and: 3 m at 1.00% Li₂O.

- YLP-0059: 12 m at 1.04% Li₂O, (Shorty)

Francis MacDonald, CEO of LIFT comments, “BIG East has delivered the highest grade intersects from across the project to date in hole YLP0092 across excellent width. Our expectations from BIG East in terms of grades and widths continue to be exceeded.”

Discussion of Results

This news release includes assay results for one hole from the Shorty pegmatite (YLP-0059) and four from the BIG East pegmatite dyke swarm (YLP-0060, 63, 64, 92). A table of composite calculations and some general comments related to this discussion are provided towards the end of this release.

BIG East

The BIG East pegmatite swarm comprises a 35-80 m wide corridor of parallel-trending dykes that dips around 55°-75° west and extends for at least 1,000 metres along surface and 200 metres downdip.

YLP-0060 was designed to test the BIG East swarm approximately 300 m from its northern end and 50 vertical metres beneath the surface. Drilling intersected three pegmatite dykes that assayed intervals of 1.21% Li₂O over 9 m, 1.39% Li₂O over 4 m, and 1.00% Li₂O over 3 m.

YLP-0063 was designed to test the BIG East pegmatite approximately 250 m from its southern end and 100 vertical metres beneath the surface. Drilling intersected five pegmatite dykes, with the three uppermost of returning assay composites of 1.26% Li₂O over 8 m, 1.09% Li₂O over 9 m, and 1.20% Li₂O over 3 m. The lower dykes returned negligible grade.

YLP-0064 tested the BIG East swarm approximately 200 m from its northern end and 50 vertical metres beneath the surface. Drilling intersected two dykes that returned assay composites of 1.04% Li₂O over 10 m and 1.55% Li₂O over 13 m.

YLP-0092 tested the BIG East swarm approximately 350 metres from its southern tip and 150 vertical metres beneath the surface. Drilling intersected four dykes, with the second and third ones returning 1.72% Li₂O over 18 m and 1.58% Li₂O over 7 m. The upper- and lower-most dykes returned negligible grades.

Shorty

The Shorty pegmatite comprises a braided zone of dykes that dips 50°-70° to the west-northwest and extends for at least 600 m on surface and 200 m downdip. LIFT drilling shows the pegmatite may comprise a single dyke up to 20 m wide or 2-4 dykes, mostly 1-15 m wide, within a 30-40 m wide corridor.

YLP-0059 was designed to test the Shorty pegmatite 200 m from its southern end and 50 m vertically below surface, with drilling intersecting dykes from 45-51 m and 57-71 m core depth. Assays returned 1.04% Li₂O over 12 m for the lower dyke. The upper dyke returned no significant results.

Drilling Progress Update

Currently, LIFT has reported results from 67 diamond drill holes (11,808 metres). To date, 192 diamond drill holes have been completed (32,299 metres).

Other related developments from around the markets include:

Albemarle Corporation signed agreements with Caterpillar Inc. to collaborate on solutions to support the full circular battery value chain and sustainable mining operations. The collaboration aims to support Albemarle's efforts to establish Kings Mountain, N.C. as the first-ever zero-emissions lithium mine site in North America. These efforts include utilization of next-generation, battery-powered mining equipment. Caterpillar and Albemarle signed an agreement making Albemarle's North American-produced lithium available for use in Caterpillar battery production. The two companies will also explore opportunities to collaborate on research and development of battery cell technology and recycling techniques.

Lithium Americas, now Lithium Americas (Argentina) Corp. and a new Lithium Americas Corp. jointly announced the completion of the reorganization of Lithium Americas into two independent publicly traded companies, implemented by way of statutory plan of arrangement. “We look forward to seeing these two market-leading companies thrive independently,” said Jonathan Evans, President and CEO of Lithium Americas (NewCo) and former President and CEO of Lithium Americas. “The Separation offers investors two unique and highly focused pure-play lithium companies with world-class assets in our respective regions of operation.”

American Lithium Corp. announced a new lithium discovery from the initial drill hole completed at one of the key discovery targets previously identified from 2021 field work conducted near the Community of Quelcaya. Further holes have been drilled near this discovery with identical geology to the discovery hole and full assays expected shortly. The Quelcaya exploration project comprises 3 areas of mapped surface lithium mineralization located 5.5 to 11 km west of the Company’s Falchani lithium deposit near the village of Quelcaya in Puno, southeastern Peru (see Figure 1 – Quelcaya – Falchani Drill Platform Location Map, below). Quelcaya was the first of three exploration drilling permits submitted by the Company, which was granted by the Peruvian Ministry of Energy and Mines (MINEM) in May 2023. Drilling continues in and around Quelcaya with 6 drill hole platforms planned in total, each with multiple holes.

Piedmont Lithium announced a strategic investment in a large prospective lithium project in Newfoundland, Canada. Piedmont has agreed to pay C$2 million for a 19.9% equity interest in Vinland Lithium Inc., a new entity established with Sokoman Minerals Corp. (40.1%) and Benton Resources Inc. (40.1%). The Company also may earn up to a 62.5% equity interest in Killick Lithium Inc., a wholly-owned subsidiary of Vinland Lithium holding a 100% interest in the Killick Lithium Project, through a staged investment agreement. Piedmont will be entitled to 100% marketing rights and a right of first refusal on 100% offtake rights to any lithium concentrate produced by the Project on a life-of-mine basis at competitive commercial rates.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Li-FT Power Ltd. by Li-FT Power Ltd. We own ZERO shares of Li-FT Power Ltd. Please click here for full disclaimer.

Contact Information:

Ty Hoffer
Winning Media
281.804.7972
Ty@winning.media