Interview with Francis MacDonald, Director and CEO of Li-FT Power Ltd.

Our previous interview: https://www.cruxinvestor.com/posts/li-ft-power-cselift-accelerating-resource-development-at-the-cali-project-3795

Recording date: 13th October 2023

Li-FT Power is focused on fast-tracking development of their flagship Yellowknife lithium project to take advantage of strong lithium demand growth expected over the next decade. The company had to temporarily halt drilling due to wildfires but still completed around 30,000 meters this year, aiming to resume in January and finish 40,000 meters total drilling to support an inferred resource estimate by August 2024. CEO Francis McDonald believes current low lithium prices are just a trough and increased EV demand will drive higher long-term pricing.

The large resource potential at Yellowknife, with over 25-30 million tons targeted, and its good infrastructure compared to many lithium projects are key attractions according to McDonald. Li-FT is focused on speedy development rather than slow multi-year drilling, which is important to establish low-cost production before increased lithium supply comes online. Key barriers in Canada are permitting delays, but streamlining this process could help projects advance faster. While new pegmatite discoveries happen frequently, large resources are still needed to support major mining operations.

On the demand side, MacDonald sees the EV transition as on a trajectory that remains intact, ensured by automakers investing billions in the switch to electric. Lithium has a limited window to establish production before new supply increases, making Li-FT's accelerated development plan vital to grab market share.

View Li-FT Power's Company Profile: https://www.cruxinvestor.com/companies/li-ft-power-ltd

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