5 stories mentioning ASX:LFTUpdated 3d ago
Every FINWIRES story that references ASX:LFT, newest first.
Li-FT Power (ASX:LFT) completed the equity bookbuild of its CA$20 million public offering of 6.9 million common shares at CA$2.90 each, according to a Thursday filing with the Australian bourse.The company said the allotment of the shares will fall within its 15% placement capacity under ASX listing rules.
Li-FT Power (ASX:LFT) launched a "bought deal" public offering of 6.9 million common shares at CA$2.90 each for gross proceeds of about CA$20 million, according to a Wednesday filing with the Australian bourse.The company granted the underwriters a 30-day over-allotment option to purchase up to an additional 15% of the shares offered, per the filing.Li-FT Power plans to use the net proceeds to fund first-year care and maintenance costs under its Renard option agreement and for working capital.The offering is expected to close on or about Aug. 12.
Li-FT Power (ASX:LFT) said the Quebec Superior Court has approved its binding call option agreement with Stornoway Diamonds, 1127 Canada, and Deloitte Restructuring, granting the company the exclusive right to acquire the Renard diamond mine in Quebec or its holding companies for CA$1 at any time before June 23, 2028, according to an Australian bourse filing on Tuesday after market hours.The company has paid a CA$12 million option fee, which will be held in trust pending government approval to defer rehabilitation work at Renard, per the filing. If the approval is not obtained by Oct. 3 or a later mutually agreed date, the fee will be refunded and the option will be terminated.The company will cover the mine's estimated CA$18 million in annual care and maintenance costs during the option period while evaluating the feasibility of converting the site into a lithium processing facility, the filing said.The transaction remains subject to regulatory approvals, the execution of a definitive acquisition agreement, and additional court approval, the filing added.
Li-FT Power (ASX:LFT) reported drilling results from its Yellowknife Lithium Project in Canada's Northwest Territories, according to an Australian bourse filing on Tuesday after market hours.The results cover 20 drill holes totaling 5,324 meters, including 17 holes from the 2026 winter program and three from the 2025 summer program, per the filing.The latest drilling returned lithium intercepts, including 21 meters grading 1.1% lithium oxide at Fi Main, 18 meters grading 1.4% lithium oxide at Ki, and 26 meters grading 1.3% lithium oxide at BIG East, the filing said.Drilling at the BIG East pegmatite confirmed extensive, high-grade spodumene mineralization along a 1,000-meter strike length, with multiple zones still open for expansion at depth and toward the south.The company said the program confirmed the continuity and expansion potential of the existing inferred resource, while the summer drilling campaign also yielded material for geotechnical testing, the filing added.
Li-FT Power (ASX:LFT) entered into a binding call option agreement granting it exclusive rights to acquire the Renard diamond mine and processing facility in Quebec, according to an Australian bourse filing on Wednesday after market hours.The acquisition could be completed through an asset purchase or by acquiring the shares of Stornoway Diamonds, the 100% owner of Renard, or its parent company, 1127 Canada, subject to court approval under Canada's Companies' Creditors Arrangement Act proceedings, per the filing.Renard's existing 2.2 million tonnes per annum processing plant and more than CA$900 million in prior investment could be leveraged to process ore from the company's Adina Lithium Project, reducing capital costs, development risk, and environmental impact, the filing said.The company will pay a CA$12 million option fee and cover site care-and-maintenance expenses during a two-year option period, during which it will carry out technical, economic, environmental, and social assessments before making a final acquisition decision.The transaction remains subject to multiple regulatory, court, and financing-related conditions, the filing added.
