Interview with Francis Macdonald, CEO of Li-FT Power (CSE: LIFT)

Our previous interview: https://youtu.be/ImBw7FrCXaQ

Recording date: 20th June 2023

Li-FT Power (LIFT) is a company dedicated to the exploration and development of Hard Rock lithium deposits in Canada. Led by CEO Francis Macdonald, LIFT is focused on their Yellowknife lithium project, situated just outside the city of Yellowknife in the Northwest Territories. What sets their project apart is the presence of lithium deposits that are visibly protruding from the ground, making them easily identifiable even from satellite imagery.

With strong infrastructure in place, including a road that passes through seven lithium pegmatites, LIFT is strategically positioned to access and extract these valuable lithium resources. The company boasts a substantial cash reserve of approximately $44 million, providing them with the necessary funds to execute their plans.

LIFT has commenced an extensive drilling program, aiming to cover a distance of 45,000 meters. Initially starting with two rigs, they plan to scale up to six rigs by July, indicating their commitment to aggressive exploration and extraction efforts. While assay results are still pending, preliminary visual assessments of the core samples indicate the presence of spodumene pegmatite, which constitutes around 20% of the rock mass in certain areas. This high concentration of spodumene, a lithium-rich mineral, holds promising prospects for the project.