Li-FT Power acquires more Galinee Property
Analysis based on 12 articles · First reported Feb 24, 2026 · Last updated Mar 09, 2026
The market is likely to view Li-FT Power's increased ownership in the Galinee Property positively, as it consolidates control over a key lithium exploration asset. This could lead to increased investor confidence in Li-FT Power and potentially impact its stock price.
Li-FT Power Ltd. has completed the acquisition of an additional 25% interest in the Galinee Property from SOQUEM Inc., increasing its total ownership to 75%. The consideration for this acquisition was 1,000,000 common shares of Li-FT Power. Li-FT Power is now the operator of the Galinee Property under a joint venture with SOQUEM Inc., which retains a 25% interest. This move solidifies Li-FT Power's position in lithium exploration in Canada, adding to its portfolio of projects including the Yellowknife Lithium Project and other early-stage exploration properties in Quebec and Northwest Territories.
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