Li‑FT Power completes C$48.1M Private Placement Financing
On January 29, 2026, Li‑FT Power Ltd. (“Li‑FT”) completed its previously announced brokered private placement offerings for aggregate gross proceeds of approximately C$48.1 million, including the full exercise of the underwriters’ option. The financing comprised the issuance of flow‑through and non‑flow‑through subscription receipts and common shares.
The aggregate gross proceeds from the sale of the subscription receipts are to be held in escrow pending completion of Li-FT’s previously announced acquisition of Winsome Resources Limited, which is a condition to their conversion.
Proceeds from the flow‑through securities are intended to be used to incur eligible Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures, while proceeds from the non‑flow‑through securities are intended to be used for exploration activities and general corporate purposes.
Li‑FT 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 LLP advised Li‑FT with a team led by Shaun Khullar that included Nancy Choi (Global Metals & Mining), Toby Allan, Maneet Kahlon, Conrad Parken (Business Law), Mike Hegedus, Geneviève Favreau, Emma Murrin (Tax), and Joannie Jacques (Real Property & Planning).
