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Li-FT Power Ltd (ASX:LFT)

ALERT: Price-sensitive ASX Announcement for LFT
Current share price for LFT : $2.650 -0.61 (-18.71%)+
Announcement
Release
6 Aug 2026 9:26AM
Price at Release
$3.260
Full Release
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Summary
Li-FT Power Ltd announced the successful completion of its C$20 million equity bookbuild for a public offering of 6,900,000 common shares priced at C$2.90 each, conducted in Perth, Australia on August 6, 2026. This offering is part of Li-FT's strategic development of hard rock lithium assets primarily located in Canada, such as the Adina-Galinée and Yellowknife Lithium Projects. The transaction adheres to the regulatory framework of the ASX, specifically under Listing Rule 7.1, and emphasizes compliance with international securities regulations, notably excluding the United States. The company highlights the importance of forward-looking statements in managing investor expectations regarding potential risks.
Key Points
  • Li-FT Power Ltd completed a successful bookbuild for a C$20 million offering.
  • 6,900,000 common shares were offered at C$2.90 each.
  • The offering was completed on August 6, 2026, in Perth, Australia.
  • The company operates under the ASX, TSXV, OTCQX, and Frankfurt exchanges.
  • Li-FT is focused on developing lithium assets in Canada, including projects in Québec and Northwest Territories.
  • The placement falls within the company's 15% placement capacity under ASX Listing Rule 7.1.
  • Securities are not registered under the United States Securities Act and cannot be sold in the US.
  • LIFT holds assets like the Adina-Galinée and Yellowknife Lithium Projects.
  • Forward-looking statements caution investors about risks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.