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LIFFF
Li-Ft Power Ltd.

Ordinary Shares

1.72

-0.072

-4.02%

1.70 / 1.86 (900 x 4800)

Real-Time Best Bid & Ask: 05:00pm 07/18/2025
Delayed (15 Min) Trade Data: 12:00am 07/18/2025
Li-Ft Power Ltd. Company Logo

1218-1030 West Georgia Street

Vancouver, BC V6E 2Y3

Canada

Principal Executive Offices:

1218-1030 West Georgia Street

Vancouver, BC V6E 2Y3

Canada

Business Description
Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. Li-FT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Field.
Financial Reporting
Reporting Status
International Reporting: TSX Venture Exchange
Audited Financials
Audited
CIK
0001961701
Fiscal Year End
11/30
Company Officers & Contacts
Leonard Francis MacDonald
CEO

Mr. MacDonald has many years of experience in the mining industry and is an exploration geologist. He co-founded Kenorland Minerals, a North America-focused company generating greenfield exploration opportunities across different commodities. Prior to 2016, Mr. MacDonald worked with Newmont Mining doing greenfield exploration in Nunavut, West Africa, and East Africa.

Alexander Langer
President

Mr. Langer is a public markets specialist in equity financing. He worked with Canaccord Genuity to fund over 100 private and publicly listed companies in various sectors, including mining and technology. Mr. Langer, as VP of Capital Markets, was instrumental in the success of Millennial Lithium, bringing worldwide financial support and industry partners. He is the CEO & President of Sierra Madre Gold & Silver.

April Hayward, Ph.D., MBA
Officer

Dr. Hayward's career has been dedicated to leading sustainable development in the mining industry in northern Canada for more than a decade. She has a proven track record of developing collaborative working relationships with key stakeholders and successfully navigating projects through the regulatory system to obtain operating permits in the Northwest Territories through her managerial and executive roles with the Ekati mine and Mountain Province Diamonds. Dr. Hayward brings a unique combination of operational and corporate experience, technical expertise, and over 25 years of diverse experience in the fields of environment and sustainability in the public, private, and academic sectors to the Company.

Andrew Marshall CA, CFA
CFO

Mr. Marshall is a Chartered Accountant and Chartered Financial Analyst with 20 years of accounting, finance and CFO experience in the mining sector. He was recently the CFO at a Canadian gold development company and is currently the CFO at a European base metals exploration/development company. Prior to this, Mr. Marshall built experience at two TSX/NYSE listed silver operating companies with projects in Mexico and Canada. He has an extensive background in accounting, finance and risk management; corporate reporting in Canada and the US, as well as M&A transactions and strategic support for the growth and development of junior mining companies. Mr. Marshall started his career with PricewaterhouseCoopers ("PwC") in London and moved to the Vancouver mining practice in 2008.

Iveta Michelcikova
Corporate Secretary

Ms. Michelcikova has over 5 years' experience working with public companies. She has a MA in Tourism and Management and completed Financing, Governance and Compliance study at Simon Fraser University.

David Smithson
Senior VP

Mr. Smithson (M.Sc.) is an ore deposit geologist. He worked as a global specialist for Newmont and contributed to gold reserve expansions in West Africa and South America. Mr. Smithson has held senior VP exploration positions generating opportunities throughout the Americas. He is a co-founder of Tier One Silver, a silver-focused explorer in Peru, and holds an M.Sc in Economic Geology from the University of British Columbia.

Derrick Ng
Assistant Controller

Board of Directors
Eva Bellissimo
Independent Director, Compensation Committee Member

Ms. Bellissimo co-leads the Global Metals & Mining Group at McCarthy Tetrault LLP, a leading national law firm with offices in Canada, New York and London, and brings to LIFT a wide breadth of legal, financing, cross-border M&A and corporate governance expertise. With more than 20 years of experience in the mining industry, Eva has been a trusted advisor to numerous companies in the sector, having led hundreds of transactions. Named one of the Top 25 Most Influential Lawyers in Canada and recognized by Chambers Canada for her resource sector expertise, Eva has developed a strong reputation as a strategic lawyer and advisor. Eva has sat on a number of public company boards and currently chairs the governance committee at I-80 Gold Corp, a TSX and NYSE listed issuer. Eva also lectures on Mining Finance at the Osgoode Certificate in Mining Law Program.

Paul Gruner
Independent Director, Audit Committee Member

Mr. Gruner is a senior executive leader with a background in renewable energy, oil & gas, and mining. He brings a wealth of experience in Indigenous business leadership across diverse regions, having previously served as the CEO for Det’on Cho Management LP, the economic arm of the Yellowknives Dene First Nation in the Northwest Territories, and the Tahltan Nation Development Corporation, the economic arm of the Tahltan Nation. Mr. Gruner currently serves as the CEO for Tłı̨chǫ Investment Corporation, which is the economic arm of the Tłı̨chǫ First Nation whose traditional territory includes the area where the Yellowknife Lithium project is located. His track record speaks volumes about his ability to achieve outstanding business results while collaborating closely with Indigenous stakeholders. He has a dynamic range of experience in strategic leadership, mergers and acquisitions, business development, strategic partnerships, financial management, project management, corporate governance, contract negotiations, capacity building and job creation for citizens, and environmental, social, and corporate governance.

Alexander Langer
Audit Committee Member, Nominating Committee Member

Mr. Langer is a public markets specialist in equity financing. He worked with Canaccord Genuity to fund over 100 private and publicly listed companies in various sectors, including mining and technology. Mr. Langer, as VP of Capital Markets, was instrumental in the success of Millennial Lithium, bringing worldwide financial support and industry partners. He is the CEO & President of Sierra Madre Gold & Silver.

Leonard Francis MacDonald
CEO

Mr. MacDonald has many years of experience in the mining industry and is an exploration geologist. He co-founded Kenorland Minerals, a North America-focused company generating greenfield exploration opportunities across different commodities. Prior to 2016, Mr. MacDonald worked with Newmont Mining doing greenfield exploration in Nunavut, West Africa, and East Africa.

Iain C Scarr
Independent Director, Nominating Committee Member

Mr. Scarr is the founder of IMEX Consultants, an industrial minerals consultancy that operates across the entire value chain. His other experience includes an over 30- year tenure with Rio Tinto, where his most recent position was Commercial Director and VP Exploration. He was responsible for multiple mineral discoveries in North and South America and Africa. Mr. Scarr subsequently brought three lithium projects in Argentina to feasibility study stage before being acquired.

Kenneth Scott
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Mr. Scott brings over 33 years of public company auditing experience to the Company. He retired as a partner of PwC in Vancouver in 2018, where his engagements as either the engagement leader or quality review partner included mining companies with international operations, such as SSR Mining, Lundin Gold, B2Gold and Teck Resources. He has also performed multi-location audits, advised on mergers and acquisitions, and advised on public and private financings. Mr. Scott's regulatory experience includes a leadership role on engagements selected by either the firm's internal audit quality review process or by the Canadian Public Accountability Board. Since retiring, Mr. Scott has served as a consultant and performed quality review roles for many of PwC's larger public company engagements. Mr. Scott holds a Canadian Chartered Professional Accountant (CPA) designation.

Andree St-Germain
Independent Director, Audit Committee Member, Compensation Committee Member

Ms. St-Germain is an experienced mining finance executive with an extensive background in banking, mining finance and financial management. She began her career in investment banking for Dundee Capital Markets Inc. As an investment banker, Ms. St-Germain worked exclusively with mining companies on M&A advisory and financing. In 2013, Ms. St-Germain joined Golden Queen Mining Co. Ltd. as CFO. During her tenure at Golden Queen, she played an instrumental role in securing project finance and overseeing Golden Queen as it transitioned from development and construction to commercial production. She joined Integra Gold as CFO in early 2017 and helped oversee the sale to Eldorado Gold Corporation in July 2017 for C$590 million. Ms. St-Germain is currently a director of Ascot Resources Ltd and Osisko Mining Inc.

Other Company Insiders

None

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
BDO Canada LLP

222 Bay Street

Suite 2200

Toronto, ON M5K 1HT

Canada

Securities Counsel
S. Paul Simpson Law Corporation - Vancouver, British Columbia (Canada)

Suite 2080-777 Hornby Street

Vancouver, BC V6Z 1S4

Canada

Profile Data
SIC - Industry Classification
Not Available
Incorporation Information
BC, CA, 2021
Employees
10 as of 03/20/2025
Shell
No
Products and Services

Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada.

Company Facilities

Li-FT holds interests in two mineral properties in the Northwest Territories, being the Yellowknife property and the Cali property and three mineral properties in Quebec, being the Rupert property, the Pontax property and the Moyenne property.

Company Notes
Sponsored for OTCQX International by B. Riley Securities, Inc. on August 10th, 2023.
OTCQX Best Market Logo
Joined OTCQX 08/2023
The Company Profile data was verified by the issuer within the previous 6 months.
This security is not a Penny Stock as defined in SEC Rule 240.3a51-1.
This company has certified to OTC Markets Group that it is eligible to rely on the exemption from registration under Securities and Exchange Act Rule 12g3-2(b).
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Company’s board of directors includes at least two Independent Directors.
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