LIFT Achieves Significant Lithium Recovery at Yellowknife Project
LIFT Achieves Significant Lithium Recovery at Yellowknife Project
Li-FT Power Ltd. (TSX-V: LIFT, OTC Markets: LIFFF, Frankfurt: WS0) has exciting news to share about their metallurgical activities at the Yellowknife Lithium Project. After a comprehensive sampling program conducted in 2023 and 2024 across multiple spodumene deposits, the results indicate a promising metallurgical recovery of approximately 79%. This marks a noteworthy achievement for the company as they produce a high-quality spodumene concentrate averaging 5.83% Li2O.
Overview of the Metallurgical Program
The testing operations were conducted with the collaboration of SGS Canada Inc. in Ontario. Various methods, including heavy liquid separation (HLS), dense media separation (DMS), and batch flotation, were performed on samples from the Big East, Big West, Nite, Ki, Echo, Fi Main, Fi Southwest, and Hi pegmatites. This rigorous approach has allowed the company to determine the efficiency of these processes in extracting lithium from the mineral rock.
Positive Results and Pilot Testing
CEO Francis MacDonald expressed enthusiasm about the positive outcomes, stating, “These comprehensive metallurgical tests serve as a precursor to our upcoming Preliminary Economic Assessment (PEA) and indicate the viability of our extraction processes.” The results are significant as they showcase successful pilot-scale DMS tests that suggest lower-cost separation methods are effective for the spodumene-enriched pegmatite dikes that are intended for early mining operations.
Detailed Metallurgical Findings
The lithium content was meticulously analyzed using sodium peroxide fusion digestion followed by inductively coupled plasma optical spectroscopy (ICP-OES). Data collected revealed that the pegmatite samples vary in lithium concentration from 0.86% to 1.46% Li2O, along with a range in iron content. The average spodumene concentrate grade across multiple deposits confirms the high potential of these mining sites.
Advantages of Lithium Recovery Methodologies
Notably, the pilot tests demonstrated global lithium recoveries varying from notable levels across the samples evaluated. Two-stage DMS assured global recovery rates between 49.9% and 60.4%, coupled with concentrate grades of interest. The combination of DMS and flotation yielded recoveries from 81% to 87%, further reinforcing the effectiveness of the employed methodologies.
Company Growth and Future Potential
LIFT is not only advancing in the Yellowknife Lithium Project but is also strategically positioned in the broader lithium market. With a flagship project in the Northwest Territories, the company holds tremendous promise for future discoveries, specifically with three early-stage exploration properties located in Quebec that exhibit significant potential for lithium pegmatite finds.
Contact Information
If you're looking for more details about their operations or future projects, you can contact:
Francis MacDonald - Chief Executive Officer
Tel: +1.604.609.6185
Daniel Gordon - Investor Relations
Tel: +1.604.609.6185
Email: info@li-ft.com | investors@li-ft.com
Website: www.li-ft.com
Frequently Asked Questions
What is the primary focus of Li-FT Power Ltd.?
Li-FT Power Ltd. focuses on the acquisition, exploration, and development of lithium pegmatite projects in Canada, with a flagship project in Yellowknife.
How much lithium recovery is LIFT reporting from their tests?
The company reports a metallurgical recovery average of approximately 79% from its extensive testing program.
What testing methods were used during the metallurgical program?
The metallurgical program employed methods such as heavy liquid separation (HLS), dense media separation (DMS), and batch flotation.
What is the significance of the spodumene concentrate grade achieved?
The average spodumene concentrate produced was 5.83% Li2O, which signifies high-quality recovery from the processed samples.
Where can investors find more information about LIFT's operations?
Investors can visit the official website at www.li-ft.com for more information on the company's projects and updates.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Costco's Strategic Moves to Mitigate Impact of US Port Strikes
- Japan's Industrial Output Faces Challenges Amid Demand Fluctuations
- Exploring Global Heritage Initiatives and Their Impact
- Cue Biopharma's Innovative Journey: Public Offering Details
- Caldwell Cassady & Curry Secures $22.4M Patent Victory for SVV
- RBI's Interest Rate Strategy: Insights for the Coming Months
- Join the Class Action Against Late Stage Asset Management
- Mark Cuban Offers Insight on Violent Crime Data and Politics
- Insights from the International Mountain Tourism Conference
- Trump Discusses Life Threats and Increased Security Measures
Recent Articles
- Zetron Welcomes Simon Read as New VP of International Growth
- You.com and Wort & Bild Verlag Revolutionize Health Access with AI
- Wasabi Technologies Partners with Bechtle for Cloud Growth
- Key Insights at AM Best’s Annual Europe Insurance Market Event
- arqu Secures $10 Million to Transform Wholesale Insurance Market
- GENFIT Achieves Milestone with EU Approval for Iqirvo®
- Nicox Collaborates with Glaukos on Innovative NCX 1728'
- Skanska Secures Major Contract for Reservoir Enhancement
- Odyssey Sustainability Film Awards Celebrating Global Talent
- Clarivate and Relatable Healthcare Revolutionize Medtech Sales
- FluoRok Secures £7.7 Million to Innovate Fluorochemical Production
- FluoRok Secures Funding to Innovate Fluorochemical Production
- YouHodler Unveils $YHDL Utility Token: The Future of Finance
- Vitalograph's Strategic Acquisition to Enhance Respiratory Care
- Vicebio Secures $100 Million Funding for Novel Vaccine Initiative
- Truecaller B Shares Buyback: Key Details and Insights
- Leading Heart Disease Research: Professor Luo Min's New Role
- Creative Group Achieves CMI 25 Recognition for 2024
- Barito Renewables Faces Share Price Turmoil After Index Removal
- Suspension Request for Investment Association Division Update
- JETOUR Launches Innovative RHD Models to Promote Conservation
- Molex Launches Innovative VaporConnect Modules for AI-Driven Data Centers
- Sectra's Solution Enhances Collaboration in Healthcare Services
- Sectra's Advanced Imaging Solution Enhances Healthcare Collaboration
- Australia's ASX 200 Falls: Key Market Insights Unveiled
- Anticipating Market Shifts: Insights for the Week Ahead
- Can Mega-Cap Tech Stocks Rally Against the S&P 500 Momentum?
- Exor N.V. Reports on Recent Share Buyback Activities
- Virtune AB Expands Horizon with New ETP Launch in Amsterdam
- HSBC Sells German Private Banking Business to BNP Paribas
- Investors Alert: Arbor Realty Trust, Inc. Class Action Deadline
- Investors Urged to Act: DexCom, Inc. Legal Deadline Approaches
- E-commerce Giants Under Scrutiny: Financial Records Requested
- HONGQI Introduces EH7 and EHS7 Electric Models at Auto Show
- Exploring the Algorithmic Trading Market and Its Future Growth
- Revolutionizing Energy: ProLogium's Next-Gen Battery Tech
- UK Investment Giants Eyes Strategic Opportunities in US Real Estate
- Commerzbank's Share Drop: Government Holds 12% Stake Decision
- Alaska Airlines Faces Major IT Disruption Affecting Flights
- The Future of Automotive Bushings: Market Growth Insights
- Tragic Incident at Blanket Mine: Caledonia Mining Update
- PayPoint plc Executes Strategic Share Buyback Initiative
- Join Norsk Hydro's Capital Markets Day for Insightful Updates
- Vast Resources plc: Important Financing Developments Ahead
- Ageas Unveils Ambitious Elevate27 Strategy for Future Growth
- Understanding Tryg A/S Financial Insights for Q3 2024
- BlackRock's Recent Holdings Increase in Syensqo Explained
- Navigating the Path to Sustainability Amid Global Challenges
- Air France-KLM Expands Sustainable Aviation Fuel Partnership
- E Fund Managements ETFs Thrive Amid Strong Chinese Economy