# LIFT Announces Commencement of Drilling at the Yellowknife Lithium Project, NWT Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lift-announces-commencement-of-drilling-at-the-yellowknife-lithium-project-nwt--001835e4-0ced-4448-a2dd-88f29da23b68 Original source: https://money.tmx.com/en/quote/LIFT/news/8182631422200694/lift-announces-commencement-of-drilling-at-the-yellowknife-lithium-project-nwt Publisher: tmx Original announcement: 2026-02-17T08:05:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Li-FT Power Ltd. - Ticker: LIFT - Exchange: TSX - Region: Northwest Territories - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Drill results - Extracted: 2026-09-12 11:08:05 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Li-FT Power Ltd. has commenced a 6,770-meter resource drill program at its Yellowknife Lithium Project in the Northwest Territories, Canada. The program targets the BIG East spodumene pegmatite, aiming to expand the existing inferred resource by stepping out from previously identified high-grade mineralization. Results from this program are expected to be incorporated into a Preliminary Economic Assessment scheduled for 2027. Reasoning: Li-FT Power Ltd. has commenced a significant resource drill program at its Yellowknife Lithium Project, aiming to expand the existing inferred resource based on strong historical high-grade lithium intercepts, with the results intended to support a Preliminary Economic Assessment in 2027. - Positive factor: commencement\_of\_drill\_program - Positive factor: resource\_expansion\_potential - Positive factor: high\_grade\_historical\_results - Positive factor: pea\_planned - Negative factor: historical\_data\_re\_release Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 5 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The news release states that the scientific and technical information has been reviewed and approved by a Qualified Person \(QP\) as defined by NI 43-101. Evidence · text > The disclosure in this news release of scientific and technical information regarding LIFT’s mineral properties has been reviewed and approved by Ron Voordouw, Ph.D., P.Geo., Partner, Director Geoscience, Equity Exploration Consultants Ltd., and consultant to Li-FT Power Ltd. A Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects \(NI 43-101\) **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The document highlights 'strong results delivered during the 2023 and 2024 resource drill campaigns' to provide context for the new program, indicating these are not new assays. Evidence · text > building on strong results delivered during the 2023 and 2024 resource drill campaigns **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The planned drill program is designed to 'step out from high-grade spodumene mineralisation that remains open along-strike and down-dip'. Evidence · text > The program is designed to step out from high-grade spodumene mineralisation that remains open along-strike and down-dip from the limits of 2023-24 drilling **PEA-Supporting** Polarity: neutral Story-specific tag Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The results from the 2026 drill program are 'expected to be incorporated into a Preliminary Economic Assessment \(PEA\) scheduled for release in 2027'. Evidence · text > results expected to be incorporated into a Preliminary Economic Assessment \(PEA\) scheduled for release in 2027 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The drill holes are planned on 100m spaced sections with the objective of building on the current inferred resource, which is characteristic of infill drilling. Evidence · text > Diamond drill holes are planned on 100m spaced sections \(Figure 4\) with the objective of building on the current BIG East inferred spodumene resource ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### YLP-0117 [Link to this fact](https://atlas-extractions.minestarters.com/news/lift-announces-commencement-of-drilling-at-the-yellowknife-lithium-project-nwt--001835e4-0ced-4448-a2dd-88f29da23b68#fact-drill-facts-0) Yellowknife · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: YLP-0117 - Project: Yellowknife - Commodity: lithium - Region: northwest territories - Reported Region: northwest territories - Ticker: LIFT #### Geometry - Grade: 1.56 - Grade Unit: % - Intercept: 26 m #### Classification - Program: resource - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-17T00:00:00.000Z Reasoning: This historical intercept from 2023-24 drilling shows strong lithium grades and width, providing context for the current drill program. - Negative factor: historical\_data Evidence · text > 1.56% Li₂O over 26m in YLP-0117 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "BIG East deposit description The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel tr" ### YLP-0077 [Link to this fact](https://atlas-extractions.minestarters.com/news/lift-announces-commencement-of-drilling-at-the-yellowknife-lithium-project-nwt--001835e4-0ced-4448-a2dd-88f29da23b68#fact-drill-facts-1) Yellowknife · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: YLP-0077 - Project: Yellowknife - Commodity: lithium - Region: northwest territories - Reported Region: northwest territories - Ticker: LIFT #### Geometry - Grade: 1.35 - Grade Unit: % - Intercept: 22 m #### Classification - Program: resource - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-17T00:00:00.000Z Reasoning: This historical intercept from 2023-24 drilling shows good lithium grades and width, supporting the potential for resource expansion. - Negative factor: historical\_data Evidence · text > 1.35% Li₂O over 22m in YLP-0077 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "BIG East deposit description The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel tr" ### YLP-0271 [Link to this fact](https://atlas-extractions.minestarters.com/news/lift-announces-commencement-of-drilling-at-the-yellowknife-lithium-project-nwt--001835e4-0ced-4448-a2dd-88f29da23b68#fact-drill-facts-2) Yellowknife · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: YLP-0271 - Project: Yellowknife - Commodity: lithium - Region: northwest territories - Reported Region: northwest territories - Ticker: LIFT #### Geometry - Grade: 1.34 - Grade Unit: % - Intercept: 35 m #### Classification - Program: resource - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-17T00:00:00.000Z Reasoning: This historical intercept from 2023-24 drilling shows good lithium grades over a significant width, indicating potential for resource growth. - Negative factor: historical\_data Evidence · text > 1.34% Li₂O over 35m in YLP-0271 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "BIG East deposit description The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel tr" ### YLP-0079 [Link to this fact](https://atlas-extractions.minestarters.com/news/lift-announces-commencement-of-drilling-at-the-yellowknife-lithium-project-nwt--001835e4-0ced-4448-a2dd-88f29da23b68#fact-drill-facts-3) Yellowknife · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: YLP-0079 - Project: Yellowknife - Commodity: lithium - Region: northwest territories - Reported Region: northwest territories - Ticker: LIFT #### Geometry - Grade: 1.29 - Grade Unit: % - Intercept: 15 m #### Classification - Program: resource - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-17T00:00:00.000Z Reasoning: This historical intercept from 2023-24 drilling shows good lithium grades, providing context for the northern extension drilling. - Negative factor: historical\_data Evidence · text > 1.29% Li₂O over 15m in YLP-0079 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "BIG East deposit description The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel tr" ### YLP-0059 [Link to this fact](https://atlas-extractions.minestarters.com/news/lift-announces-commencement-of-drilling-at-the-yellowknife-lithium-project-nwt--001835e4-0ced-4448-a2dd-88f29da23b68#fact-drill-facts-4) Yellowknife · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: YLP-0059 - Project: Yellowknife - Commodity: lithium - Region: northwest territories - Reported Region: northwest territories - Ticker: LIFT #### Geometry - Grade: 1.04 - Grade Unit: % - Intercept: 12 m #### Classification - Program: resource - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-17T00:00:00.000Z Reasoning: This historical intercept from 2023-24 drilling shows solid lithium grades, contributing to the understanding of the northern extension. - Negative factor: historical\_data Evidence · text > 1.04% Li₂O over 12m in YLP-0059 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "BIG East deposit description The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel tr" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.