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The latest update is out from Li-FT Power Ltd. ( (TSE:LIFT) ).
Li-FT Power Ltd. has entered into an agreement to sell 313 claims from its Rupert Project in Quebec to Power Metallic Mines Inc. for $700,000 in cash and 6,000,000 shares. This transaction allows Li-FT to divest non-core claims while retaining a significant number of claims in the Rupert Project, and it provides a non-dilutive source of capital amid challenging lithium market conditions. The deal also includes a 0.5% net smelter returns royalty, indicating a strategic move to unlock value and benefit from Power Metallic’s discoveries.
Spark’s Take on TSE:LIFT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LIFT is a Underperform.
Li-FT Power Ltd. struggles with significant financial challenges, including zero revenue and persistent losses, which heavily impact its stock score. The technical analysis is bearish, and the valuation is unattractive due to a negative P/E ratio. Although recent corporate events indicate potential growth, they are insufficient to outweigh the current financial difficulties. The stock is rated poorly due to its weak financial performance and technical indicators.
To see Spark’s full report on TSE:LIFT stock, click here.
More about Li-FT Power Ltd.
Li-FT Power Ltd. is a mineral exploration company focused on acquiring, exploring, and developing lithium pegmatite projects in Canada. Their flagship project is the Yellowknife Lithium Project in Northwest Territories, and they also have early-stage exploration properties in Quebec and the Cali Project within the Little Nahanni Pegmatite Group.
Average Trading Volume: 20,391
Technical Sentiment Signal: Sell
See more data about LIFT stock on TipRanks’ Stock Analysis page.