Li-FT Energy Ltd. has signed a brand new settlement that might reshape its Canadian lithium portfolio, with an acquisition targeted on a key Quebec asset.
Particulars of the Galinee transaction with Azimut Exploration
On Dec. 24, 2025, Vancouver-based Li-FT Energy Ltd. introduced that it had entered right into a definitive venture acquisition settlement with Azimut Exploration Inc.. Beneath this binding deal, Li-FT will purchase Azimut’s curiosity within the unique exploration rights often known as the Galinée property, representing 50% of the entire curiosity in that asset.
The transaction (the “Galinée Transaction“) stays topic to satisfaction of assorted circumstances earlier than closing. Nonetheless, the settlement already units a transparent construction for consideration, governance and regulatory approvals, which positions each events for a streamlined completion course of.
Furthermore, this transfer deepens Li-FT’s publicity to lithium-rich pegmatite techniques in Quebec, complementing its current portfolio in Canada’s key battery metals areas.
Key phrases and consideration construction
For Azimut’s 50% curiosity within the Galinée Property, the consideration shall be delivered in each fairness and royalty kind. Upfront consideration consists of 2,000,000 frequent shares of Li-FT (the “Closing Date Consideration Shares“) plus a 1.4% internet smelter return royalty (“NSR“) on the Galinée Property. That stated, the royalty construction ensures Azimut retains long-term financial publicity to any future manufacturing.
Deferred consideration totals $1,500,000, payable in money or, topic to circumstances within the definitive settlement, in further shares of Li-FT. This cost shall be triggered on the earliest of the completion of an financial research on the Galinée Property or 18 months from closing, which ties worth on to venture development.
Furthermore, by combining fairness, a royalty and a staged money or share cost, the events have balanced fast possession switch with ongoing monetary incentives for each side.
Regulatory approval and shutting circumstances
The Galinée Transaction is topic to receipt of TSX Enterprise Trade approval for the issuance and itemizing of the Closing Date Consideration Shares. As well as, the deal is conditional on numerous different closing necessities which are thought-about customary for transactions of this nature within the Canadian mining sector.
Nonetheless, no adjustments to the headline consideration phrases are anticipated as a part of this regulatory evaluation. As soon as these circumstances are glad, Li-FT will formally safe Azimut’s whole 50% curiosity within the Galinée Property, consolidating possession of the unique exploration rights.
Strategic significance of the Galinee lithium asset
Galinée hosts broad, high-grade lithium-bearing pegmatites instantly adjoining to Winsome’s Adina deposit. This proximity to a longtime lithium discovery highlights the property’s strategic location inside a confirmed mineralized hall. Furthermore, at a broader scale, Galinée options a number of well-defined prospects which have been superior by means of systematic exploration.
That stated, current until sampling has led to the invention of recent spodumene-bearing boulders and delineated two further extremely potential goal areas. These new targets underscore the exploration upside that underpins the Galinee property acquisition and help Li-FT’s thesis on the district’s potential.
On this context, the li ft acquisition of Azimut’s 50% stake is designed to present Li-FT better management over exploration technique, tempo of labor and future growth choices at Galinée.
Li-FT’s broader lithium exploration portfolio
Li-FT is a mineral exploration firm targeted on the acquisition, exploration and growth of lithium pegmatite initiatives in Canada. The corporate’s flagship asset is the Yellowknife Lithium Mission, positioned within the Northwest Territories, which stays a core driver of its progress technique within the battery metals house.
Along with Yellowknife, Li-FT holds three early-stage exploration properties in Quebec, Canada. These initiatives are thought-about to have glorious potential for the invention of buried lithium pegmatites, reinforcing the corporate’s pipeline past its superior property. Furthermore, Li-FT owns the Cali Mission within the Northwest Territories throughout the Little Nahanni Pegmatite Group, additional diversifying its publicity.
Collectively, these initiatives and the Galinée Transaction spotlight Li-FT’s continued concentrate on constructing a high-quality portfolio of lithium pegmatite property throughout a number of Canadian jurisdictions.
Further data and investor contacts
The corporate continues to replace its web site as exploration outcomes and transaction milestones are achieved at Galinée and different initiatives.
In abstract, the acquisition of Azimut’s 50% curiosity within the Galinée Property, coupled with Li-FT’s current Canadian lithium property, positions the corporate to learn from continued demand for lithium-bearing pegmatites in key North American markets.