LIFT Prepares for Initial Diamond Drill Program at the 25 km Long Spodumene Anomaly at the Pontax Project, Quebec

Li-FT Power Ltd. is providing an update on the exploration results from the Pontax Lithium Project (the "Project"), located in the James Bay region of Quebec, and also provide an update on the planned 2025 maiden drill program at the Project. The Pontax Lithium Project is comprised of claims that are 100% owned by LIFT as well as claims under an option agreement with Harfang Exploration Ltd. 

During the summers of 2023 and 2024 LIFT collected 336 till samples for indicator mineral analysis in areas with very little outcrop. The goal was to identify spodumene grains in the soil/till that would signal the presence of nearby spodumene pegmatites beneath the soil cover. The programs resulted in the definition of a 25 by 10 km area of high spodumene grain counts in glacial sediments. 

Francis MacDonald, CEO of LIFT, comments, "If spodumene is present in soils or glacial sediments, it is most likely sourced from lithium bearing spodumene pegmatites within close proximity. The areal extent of the Pontax spodumene anomaly is very impressive and suggests more than one pegmatite dyke is likely the cause of this. We believe there are at least three sizable targets, all within the same geological setting, all with high spodumene counts. The team is excited to get the drills started in April 2025 and are busily finalizing details for the program which is targeting the sources of this extensive spodumene anomaly." 

Background on the Pontax Project

The Pontax Lithium Project is located in the James Bay region of Quebec, approximately 300 km to the north of the town of Matagami, along the Billy Diamond Highway that provides access into the northern regions of Quebec. Matagami is a regional center with rail access. 

The Pontax Lithium Project is located along the Pontax River within the Anatacau-Pivert greenstone belt, a thin band of supracrustal rocks that occurs between the La Grande granitoid-gneiss terrane to the east and the Nemiscau sub-province to the west (Moukhsil et al., 2003). The Nemiscau sub-province is a large sedimentary basin which has undergone amphibolite to granulite facies metamorphism and is expressed in outcrop is diatexite and metatexites (rocks that have been subjected to high temperatures and have undergone some degree of partial melting and little to none of the primary textures remain). 

The Anatacau-Pivert greenstone belt is located to the east of the Nemiscau sub-province and is composed of lower amphibolite grade mafic to felsic volcanics, siltstone to wackes, iron formations, and local peridotite intrusions. Metamorphism is lower grade than the Nemiscau sedimentary rocks with primary textures being preserved and no onset of partial melting. 

The Pontax Formation is a conglomerate to wacke unit which sits unconformably on top of the Anatacau-Pivert supracrustal rocks. Clast composition is polymictic, ranging from granitic rocks to volcanic and sedimentary rocks. In some outcrops, quartz veins have been observed in the underlying volcanic rocks that terminate sharply against the Pontax Formation indicating the veining predated the deposition of the conglomerates. Polymictic conglomerates that unconformably overlie volcano-sedimentary rocks have been shown to mark major structural zones (e.g. the Timiskaming assemblage in the Abitibi greenstone belt). The east-west trend of the Pontax Formation suggests that there is an east-west trending structural zone that transects the Pontax Property; that trend is a prospective structural setting for hosting spodumene pegmatites.

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