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Li-FT Power Signs Definitive Project Acquisition Agreement with Azimut
Li-FT Power expands lithium portfolio by acquiring Azimut’s 50% stake in Galinée, gaining high-grade lithium targets with a $1.5 million deferred payment option.
- On Dec. 24, 2025 Li-FT Power Ltd. announced a definitive project acquisition agreement to acquire Azimut Exploration Inc.'s 50% interest in the Galinée Property.
- Earlier disclosure on December 15, 2025 noted the transaction alongside Li-FT's proposed Winsome acquisition, with Galinée hosting high-grade pegmatites adjacent to Winsome Resources Ltd.'s Adina deposit, and Li-FT said the deal supports its focus on flagship assets while retaining exposure to the Galinée-Adina project.
- Li-FT will pay 2,000,000 common shares and Azimut Exploration Inc. retains a 1.4% net smelter return royalty plus a $1,500,000 deferred payment.
- Completion remains conditional on customary closing steps and TSX Venture Exchange approval, while Azimut Exploration Inc. plans exploration updates and advancing Wabamisk and Elmer projects in early 2026.
- Galinée's recent sampling shows spodumene-bearing boulders and two additional target areas, while forward-looking statements caution these reflect expectations, not historical facts.
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Coverage Details
Total News Sources8
Leaning Left4Leaning Right2Center1Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
14%
R 29%
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