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LFT
ASX (CDIs, ASX code LFT); TSX Venture (LIFT); OTCQX (LIFFF)
Li-FT Power Ltd.
v8.1 · lft-20261106t165025-full- Last 2026-11-06
- A$1.34
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$126.9M
- EV
- A$85.2M
- Cash
- C$18.8M
- Debt
- C$0
Investment view
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Investment view
Our rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 25All sources ▸- Change of Director's Interest Notice (MacDonald, September)Governance
- Change of Director's Interest Notice (Langer, September)Governance
- Change of Director's Interest Notice (MacDonald)Governance
- Change of Director's Interest Notice x 2 (Langer)Governance
- Notification regarding unquoted securities - LFT (13,352 exercised)Corporate Action
- Cancel - Proposed issue of securities - LFTCorporate Action
- Management's Discussion and Analysis (six months to 30 June 2026)Results
- Condensed Interim Consolidated Financial Statements (six months to 30 June 2026)Results
- Notification regarding unquoted securities - LFT (7,935,000 issued)Financing
- Proposed issue of securities - LFT (CDI offer)Financing
- Notification of cessation of securities - LFT (options lapsed)Corporate Action
- Proposed issue of securities - LFT (7,935,000 common shares)Financing
Event calendar · next 12 months
2 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Q1 2027 (company guided in MD&A, 14 Aug 2026) | Yellowknife preliminary economic assessment release (company-guided Q1 2027) | Study | Company Guided | High | First economic study on the Yellowknife resource, which is inferred only; the study sets the basis for a resource valuation of the project. |
| By about 17 August 2027 (18 months from 17 Feb 2026 closing), or earlier on an economic study | Galinee deferred consideration of C$1.5M due (cash or shares) at the earlier of an economic study or 18 months | Economic Arrangement | Confirmed | Medium | A payable obligation of C$1.5M; share settlement would dilute holders slightly. |
Executive roster
As of 2026-11-06Background checks ▸Executives from the July 2026 presentation leadership slide (image page) and the August 2026 MD&A (COO and EVP appointments). Corporate secretary and other officers were not identified in 2026 documents; reconcile at next annual filing. Presentation lists Reinson as SVP Development and Hayward as Chief Sustainability Officer; the MD&A titles are used.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Anthony Tse | Executive Chairman | Executive Director | — | Company Presentation (July 2026) |
| Francis MacDonald | President, Chief Executive Officer and Director | Chief Executive · Executive Director | — | Company Presentation (July 2026) |
| Andrew Marshall | Chief Financial Officer | Finance | — | Company Presentation (July 2026) |
| Jeff Reinson | Chief Operating Officer | Operations | — | Management's Discussion and Analysis (six months to 30 June 2026) · Company Presentation (July 2026) |
| April Hayward | Executive Vice President, External Affairs and Strategic Partnerships | Senior Management | — | Management's Discussion and Analysis (six months to 30 June 2026) |
| David Smithson | Senior Vice President, Geology | Technical | — | Company Presentation (July 2026) |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Adina lithium project (Adina-Galinee district, 100%)
CA
Scoping Study Developer100% ownedLithium
Winsome 2024 scoping study (brownfield Renard) not treated as current; updated PEA incorporating Galinee planned; drilling for resource delineation under way since July 2026
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVUS$743M8% discount
IRR43%Published return
Initial capexUS$259MPublished capital estimate
Operating cost693USD/t concentrate
Post-tax, pre-financing NPV8 at flat US$1,375/t SC5.5 FOB, brownfield Renard scenario, Winsome 2024 scoping study
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated | 60.5 Mt | 1.14% Li2O | Lithium | 2024-04-11 |
| Mineral Resource | Inferred | 15.9 Mt | 1.17% Li2O | Lithium | 2024-04-11 |
Milestones1
- Updated PEA incorporating Galinee (company intent, Q4 2026 per presentation)
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Federal and provincial environmental and social impact assessment | Quebec / Canada | Required | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Adina scoping study, brownfield (Renard) scenario | Scoping Study | Superseded | 2024-09-17 | Post-tax NPV8 US$743M, IRR 43%, initial capex US$259M (net of CTM-ITC), 21-year LOM at 256 kt/y SC5.5, flat US$1,375/t. Company states it is not a current economic study under NI 43-101; updated PEA planned. |
Material
Galinee property (75%, SOQUEM JV, LIFT operator)
CA
Discovery Drill Stage75% ownedLithium
Exploration; contiguous with Adina; Adina deposit crosses the claim boundary; no resource declared on Galinee
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Milestones1
- Deferred consideration C$1.5M due at earlier of economic study or 18 months
Pending · Medium materiality
Material
Yellowknife lithium project (100%)
CA
Resource Stage100% ownedLithium
Inferred resource 50.4 Mt at 1.00% Li2O (Sept 2024 MRE); 2026 winter drilling at BIG East and Fi Main; PEA planned Q1 2027
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Inferred | 50.4 Mt | 1.00% Li2O | Lithium | 2024-09-25 |
Milestones1
- Preliminary economic assessment release (company guided Q1 2027)
Pending · High materiality
Material
Renard mine and process plant (call option, not owned)
CA
Care And Maintenance0% ownedLithium
Care-and-maintenance diamond plant (2.2 Mtpa) under CCAA; LIFT holds a two-year call option at C$1.00; C&M costs carried by LIFT; release condition status not disclosed after 13 August 2026
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Milestones2
- Release condition (MRNF authorisation); fee returns if not met by 3 October 2026
At Risk · High materiality
- Option period ends (two years from 23 June 2026, extendable by 12 months)
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| MRNF authorisation to postpone rehabilitation and restoration | Quebec | Pending | — | Yes |
| Financial guarantee under the Quebec Mining Act | Quebec | Required | — | Yes |
Other
Cancet greenfield lithium project (100%)
CA
Early Explorer100% ownedLithium
Greenfield; 395 claims (199.6 km2); no resource
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Tilly greenfield lithium project (100%)
CA
Early Explorer100% ownedLithium
Greenfield; 91 claims (47 km2); no resource
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Sirmac-Clapier greenfield lithium project (100%)
CA
Early Explorer100% ownedLithium
Greenfield; 79 claims (41.4 km2); no resource
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Funded for the 2026 drilling and studies but not for the Renard option or any build: the C&M deposits alone (C$18M a year) exceed the pro-forma cash, and the Adina build is unfunded. The going-concern note records a material uncertainty in the December 2025 audit.
Capital structure
Ownership and dilution
- Ordinary shares
- 94.7M
- Fully diluted
- 98.9M
86,720,017 shares and CDIs at ASX admission (22 May 2026) + 7,935,000 placement shares (13 Aug 2026) + 13,352 options exercised (19 Aug 2026) = 94,668,369 (21,748,072 CDIs + 72,920,297 common shares). Fully diluted adds 4,027,375 options (all out of the money at the reference price) and 244,263 RSUs, DSUs and PSUs. Treasury method not applied; conservative full count.
Security classes14
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Common shares (ASX CDIs 1:1 and unlisted common shares) | Ordinary Share | 94.7M | — | — |
| LFTAB options exercisable at CAD 10 | Option | 335K | A$10 | 2028-04-15 |
| LFTAC options exercisable at CAD 10 | Option | 80K | A$10 | 2028-05-03 |
| LFTAD options exercisable at CAD 10 | Option | 80K | A$10 | 2028-06-01 |
| LFTAE options exercisable at CAD 10 | Option | 20K | A$10 | 2028-09-18 |
| LFTAF options exercisable at CAD 10 | Option | 15K | A$10 | 2028-12-05 |
| LFTAG options exercisable at CAD 7 | Option | 385K | A$7 | 2029-01-08 |
| LFTAH options exercisable at CAD 7 | Option | 30K | A$7 | 2029-05-21 |
| LFTAI options exercisable at CAD 3.65 | Option | 432.4K | A$3.65 | 2029-12-19 |
| LFTAJ options exercisable at CAD 3.65 | Option | 30K | A$3.65 | 2030-05-01 |
| LFTAK options exercisable at CAD 2.54 | Option | 400K | A$2.54 | 2030-07-30 |
| LFTAL options exercisable at CAD 7.5 | Option | 2M | A$7.5 | 2031-01-15 |
| LFTAM options exercisable at CAD 7.2 | Option | 175K | A$7.2 | 2031-02-25 |
| RSUs, DSUs and PSUs (8 July 2026 count plus 10,000 RSUs issued 20 July 2026) | Performance Right | 244.3K | — | — |
KPI history
Operating metrics
Operating metric source table3
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| cash at 2024-11-30 | Company | 2024-11-30 | Point In Time | 21,011,000 CAD | Reported |
| cash at 2025-12-31 | Company | 2025-12-31 | Point In Time | 1,816,000 CAD | Reported |
| cash at 2026-06-30 | Company | 2026-06-30 | Point In Time | 18,814,000 CAD | Reported |
Company guidance1
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| First Concentrate (Company Target) | adina | 2030 | 2,030 | 2,030 year | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-08-13Ann. 2026-08-05 | Raising | C$23M | 7.9M | — | Completed | — |
| 2026-05-21Ann. 2026-01-29 | Raising | C$48.2M | 8.5M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Live arrangements from the interim statements (notes 4, 5, 7, 14), the Renard announcements and the MD&A (Galinee, Nottaway, Power Metallic). Historic royalties not named in documents are recorded as counterparties not disclosed.
Binding call option over the Renard diamond mine processing facility (2.2 Mtpa) or its owning companies, approved by the Quebec court on 14 July 2026. LIFT pays C$12M into trust, carries all care and maintenance costs in the option period and must fund C&M deposits of C$18M per year. Release condition (MRNF authorisation) status after 13 August 2026 is not disclosed in the documents reviewed.
Other · Conditional- Counterparties
- Stornoway Diamonds (Canada) Inc. · 11272420 Canada Inc. · Deloitte Restructuring Inc. (CCAA monitor)
- Applies to
- Renard mine and process plant (call option, not owned) · Adina lithium project (Adina-Galinee district, 100%) · Lithium
- Economic direction
- Mixed
- Period
- 2026-06-23 to 2028-06-23
- Key terms
- Option fee paid into monitor trust: 12,000,000 CAD
Care and maintenance deposit, year 1 (on release): 18,000,000 CAD
Care and maintenance deposit, year 2 (if option held past first anniversary): 18,000,000 CAD
Exercise price: 1 CAD
Option period: 2 years
How it affects our valuation
No valuation treatment is available for this arrangement.
Galinee exploration rights held 75% by LIFT (operator) and 25% by SOQUEM under a joint venture; the Azimut 50% and SOQUEM 25% tranches were acquired in February and March 2026.
Joint Venture · Active- Counterparties
- SOQUEM Inc.
- Applies to
- Galinee property (75%, SOQUEM JV, LIFT operator) · Lithium
- Economic direction
- Mixed
- Period
- From 2026-03-09; no end date stated
- Key terms
- LIFT interest: 75 pct
SOQUEM interest: 25 pct
How it affects our valuation
No valuation treatment is available for this arrangement.
1.4% NSR royalty on the Galinee property granted to Azimut and a C$1.5M deferred consideration payable in cash or shares at the earlier of an economic study or 18 months (about 17 August 2027).
Royalty · Active- Counterparties
- Azimut Exploration Inc.
- Applies to
- Galinee property (75%, SOQUEM JV, LIFT operator) · Lithium
- Economic direction
- Burden
- Period
- From 2026-02-17; no end date stated
- Key terms
- Net smelter return royalty: 1.4 pct
Deferred consideration, cash or shares: 1,500,000 CAD
How it affects our valuation
No valuation treatment is available for this arrangement.
The Yellowknife Lithium Project is subject to a 2% gross overriding royalty and, on 11 of 13 mineral leases, a 2% net profits royalty.
Royalty · Active- Counterparties
- Royalty holder(s) under the Yellowknife acquisition (not named in documents reviewed)
- Applies to
- Yellowknife lithium project (100%) · Lithium
- Economic direction
- Burden
- Period
- From 2022-12-30; no end date stated
- Key terms
- Gross overriding royalty on all 13 leases: 2 pct
Net profits royalty on 11 of 13 leases: 2 pct
How it affects our valuation
No valuation treatment is available for this arrangement.
Cali project (NWT) carries a 2% gross overriding royalty; the project is not separately valued.
Royalty · Active- Counterparties
- Royalty holder (not named in documents reviewed)
- Applies to
- Company-wide · Lithium
- Economic direction
- Burden
- Period
- From 2022-12-30; no end date stated
- Key terms
- Gross overriding royalty on Cali lease: 2 pct
How it affects our valuation
No valuation treatment is available for this arrangement.
2% NSR granted to Kenorland on the Rupert property after the Rupert option exercise; the property is not separately valued.
Royalty · Active- Counterparties
- Kenorland Minerals Ltd.
- Applies to
- Company-wide · Lithium
- Economic direction
- Burden
- Period
- From 2022-02-02; no end date stated
- Key terms
- Net smelter royalty on Rupert property: 2 pct
How it affects our valuation
No valuation treatment is available for this arrangement.
LIFT receives a 0.5% NSR on 313 Rupert claims sold to Power Metallic Mines Inc. in July 2025 for C$700,000 and 6,000,000 PNPN shares.
Royalty · Active- Counterparties
- Power Metallic Mines Inc.
- Applies to
- Company-wide · Lithium
- Economic direction
- Benefit
- Period
- From 2025-07-14; no end date stated
- Key terms
- Net smelter returns royalty on 313 claims sold: 0.5 pct
How it affects our valuation
No valuation treatment is available for this arrangement.
Nottaway option (January 2025) subject to a 1.0% NSR (0.5% repurchasable for C$500,000) and staged payments; in good standing at 30 June 2026.
Royalty · Active- Counterparties
- Nottaway vendor (not named in documents reviewed)
- Applies to
- Company-wide · Lithium
- Economic direction
- Burden
- Period
- From 2025-01-31; no end date stated
- Key terms
- Net smelter returns royalty; 0.5% buy-back for C$500,000: 1 pct
How it affects our valuation
No valuation treatment is available for this arrangement.
Engineering partnership with SCT for a lithium carbonate converter scoping study (Alberta converter project); no capital commitment is recorded.
Strategic Partnership · Announced- Counterparties
- Sichuan Calciner Technology (SCT), engineering partner
- Applies to
- Company-wide · Lithium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Converter scope: 30,000 t/yr
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The team has functional experience relevant to its company’s current stage, but the public record reviewed provides uneven evidence of personal contributions. The assessment weighs documented company delivery, individual role fit, and specific legal/environmental matters without treating company outcomes or unresolved allegations as personal misconduct.
Decision-relevant facts
Material summary
Anthony Tse
Executive Chairman
Role FitAnalyst Inference · Medium materiality
Professional fit for Executive Chairman
Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with company leadership and project finance; demonstrated personal outcomes are not inferred from employer results.
Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.
Notice and Management Information Circular 2025 · Current executive roster
Appointment of Anthony Tse as Executive Chairman · paras. 1–3
Notice and Management Information Circular 2025 · Directors’ report / current executive roster
Appointment of Anthony Tse as Executive Chairman · paras. 1–3; transition biography
Li-Cycle Holdings Corp. Registration Statement (Anthony Tse biography) · Anthony Tse biography; previous senior roles
LegalDocumented · Medium materiality
Li-Cycle entered CCAA proceedings during Tse’s non-executive board tenure
Li-Cycle Holdings Corp. and related entities sought creditor protection under Canada’s CCAA and U.S. Chapter 15 on 14 May 2025. Tse was listed as a Li-Cycle non-executive director in its SEC-filed 2024 annual report signed 31 March 2025. The court-supervised process led to a Glencore purchase of Li-Cycle Inc.; the court approved the transaction on 1 August and the monitor certified completion on 7 August 2025. The court monitor stated some of the other applicants remained in CCAA proceedings after the acquisition. These are company insolvency and restructuring facts, not evidence of misconduct by Tse; reviewed materials do not establish his operational control, cause of insolvency, or responsibility for the outcome. No later order affecting Tse personally was identified.
Role overlaps event; causation unproven · Tse held a non-executive director role at Li-Cycle. Sources document the corporate proceeding and completed asset transaction, but do not identify individual fault or decision-level responsibility by him.
Annual Report on Form 10-K 2024 · signature page dated 31 March 2025; director listing and proceedings sections
Li-Cycle CCAA proceedings and monitor updates · May 14 and Aug. 7, 2025 case status updates
Li-Cycle Holdings Corp. Annual Report 2023 · Director consulting agreement disclosure; terminated Jan. 19, 2022
Francis MacDonald
President / Chief Executive Officer / Director
Role FitAnalyst Inference · Medium materiality
Professional fit for President / Chief Executive Officer / Director
Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.
Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.
Notice and Management Information Circular 2025 · Current executive roster
Management · Management biography
Notice and Management Information Circular 2025 · Directors’ report / current executive roster
Li-FT Power CEO Francis MacDonald on Preparing to Drill 60,000 Meters · interview; career chronology
Notice and Management Information Circular 2025 · Francis MacDonald principal occupation and biography
Andrew Marshall
Chief Financial Officer
Role FitAnalyst Inference · Medium materiality
Professional fit for Chief Financial Officer
Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.
Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.
Notice and Management Information Circular 2025 · Current executive roster
Management · Management biography
Notice and Management Information Circular 2025 · Directors’ report / current executive roster
Annual Information Form 2024 · Principal occupation for past five years; appointment/tenure table
Annual Information Form 2024 · Historical experience in director/officer biography
Jeff Reinson
Chief Operating Officer
Role FitAnalyst Inference · Medium materiality
Professional fit for Chief Operating Officer
Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.
Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.
Notice and Management Information Circular 2025 · Current executive roster
Management · Management biography
Notice and Management Information Circular 2025 · Directors’ report / current executive roster
Leadership · Jeff Reinson biography
Leadership · Jeff Reinson biography; prior roles
April Hayward
Executive Vice President, External Affairs & Strategic Partnerships
Role FitAnalyst Inference · Medium materiality
Professional fit for Executive Vice President, External Affairs & Strategic Partnerships
Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.
Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.
Notice and Management Information Circular 2025 · Current executive roster
Key executive appointments · executive appointments release
Notice and Management Information Circular 2025 · Directors’ report / current executive roster
Faces in Mining: Dr. April Hayward · Profile; Ekati transition and environmental work
Faces in Mining: Dr. April Hayward · Career profile
David Smithson
Senior Vice President, Geology
Role FitAnalyst Inference · Medium materiality
Professional fit for Senior Vice President, Geology
Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.
Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.
Notice and Management Information Circular 2025 · Current executive roster
Management · Management biography
Notice and Management Information Circular 2025 · Directors’ report / current executive roster
Annual Information Form 2024 · Principal occupation for past five years
Iveta Michelcikova
Corporate Secretary
Role FitAnalyst Inference · Medium materiality
Professional fit for Corporate Secretary
Role fit is an analytical inference from the documented position; limited public career detail reduces confidence. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.
Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.
Notice and Management Information Circular 2025 · Current executive roster
Management · company leadership / issuer corporate records
Notice and Management Information Circular 2025 · Directors’ report / current executive roster
Annual Information Form 2023 · AIF p. 40; career chronology
Evidence gaps · 1
- Public sources reviewed did not establish a full dated prior-employer chronology, quantified personal delivery record, and independently verified credentials.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-05-21 · 26,570,767 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 12.90% | 3,427,955 | |
| 2 | 9.98% | 2,652,966 | |
| 3 | 4.10% | 1,089,152 | |
| 4 | 3.79% | 1,005,780 | |
| 5 | 3.39% | 901,357 | |
| 6 | 2.37% | 631,053 | |
| 7 | 1.72% | 456,018 | |
| 8 | 1.66% | 440,155 | |
| 9 | 1.45% | 386,014 | |
| 10 | 1.42% | 378,447 | |
| 11 | 1.39% | 370,577 | |
| 12 | 1.38% | 366,368 | |
| 13 | 1.36% | 361,125 | |
| 14 | 1.32% | 349,750 | |
| 15 | 1.17% | 310,303 | |
| 16 | 1.10% | 292,534 | |
| 17 | 1.09% | 290,480 | |
| 18 | 0.86% | 228,980 | |
| 19 | 0.83% | 221,366 | |
| 20 | 0.81% | 214,000 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 9.77%Issued shares | 2026-05-22 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The registered list covers only the Australian CDI class; it does not represent the entire common-share capital, which also includes shares held outside ASX CDIs.
- The CDI list is an image table in the primary filing and was visually transcribed from the local PDF. It reflects the register at admission and no later CDI register was located.
- No beneficial owner is inferred for nominee accounts.
Sources
- Li-FT Power Ltd Pre-Quotation Disclosure
ASX / Li-FT Power Ltd · Published 2026-05-22 · Accessed 2026-10-09
Capital structure on ASX admission was 86,720,017 shares/CDIs. Attachment 1 is the CDI register top-20 as of 21 May 2026; one CDI represents one underlying common share. The CDI class totals 26,570,767 units.
Local PDF downloads/LFT/2026/2026-05-22_Pre-Quotation Disclosure_6cd6a489c0d16f7a.pdf, pp. 1 and 4 (Attachment 1, rendered table)
- Notice of Initial Substantial Shareholder
ASX / Li-FT Power Ltd · Published 2026-05-28 · Accessed 2026-10-09
Company disclosure identifies Avenir Minerals Limited (wholly owned by Agnico Eagle Mines Limited) at 8,468,718 common shares/CDIs and 9.77% on admission.
Local PDF downloads/LFT/2026/2026-05-28_Notice of Initial Substantial Shareholder_cbc68ebb87856735.pdf, p. 1
Disclosed activity
Insider transactions
No transactions were identified in this reviewed view.
The closest covered peers
Peer comparison
Peer comparison pending
No peer comparison has been saved for this company.
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Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory33 documents
LFT ASX daily close, 6 Nov 2026 (local market database)Market Data · HighExtracted
Latest eligible local ASX close for LFT on the cutoff date: A$1.34 (fresh, zero days old), from the local daily stock price table (market data provider source). It is the reference price for the valuation.
- Document ID
- ref-asx-close-2026-11-06
- Published UTC
- 2026-11-06T05:00:00Z
- Projects
- —
- Commodities
- —
ECB reference rates via AUD cross rates (local FX table), 6 Nov 2026Market Data · MediumExtracted
Currency conversion rates for 6 Nov 2026 from the local FX table: 0.68708 USD and 0.96646 CAD per one AUD. Used to convert the study (US$) and the Canadian-dollar company accounts into the valuation currency, AUD.
- Document ID
- ref-fx-ecb-2026-11-06
- Published UTC
- 2026-11-05T14:15:00Z
- Projects
- —
- Commodities
- —
GFEX lithium carbonate futures daily close, 5 Nov 2026Commodity Data · MediumExtracted
Guangzhou Futures Exchange lithium carbonate contract closed at CNY 91,580/t on 5 Nov 2026 (local commodity table, series gfex:lc). Read as a spot-direction indicator for the lithium market, not as a valuation input.
- Document ID
- ref-gfex-lithium-2026-11-05
- Published UTC
- 2026-11-05T07:00:00Z
- Projects
- —
- Commodities
- lithium
Change of Director's Interest Notice (MacDonald, September)Governance · LowExtracted
Director interest notice: 5,000 securities acquired by the CEO on 23 September 2026. Insider context only.
- Document ID
- lft-director-2026-09-28
- Published UTC
- 2026-09-27T22:11:19Z
- Projects
- —
- Commodities
- lithium
Frontier Lithium PAK study update (Mining Weekly, 18 Sep 2026)Study · MediumExtracted
Peer reference (outside research): Frontier Lithium PAK feasibility study with after-tax NPV8 of C$932M, IRR 17.9%, total capex about C$943M and a 31-year life at about 200,000 t/y concentrate. Used for the peer comparison only.
- Document ID
- ref-frontier-pak-study-2026-09-18
- Published UTC
- 2026-09-18T00:00:00Z
- Projects
- —
- Commodities
- lithium
Change of Director's Interest Notice (Langer, September)Governance · LowExtracted
Director interest notice: 10,000 securities acquired by a non-executive director on 10 September 2026. Insider context only.
- Document ID
- lft-director-2026-09-15
- Published UTC
- 2026-09-15T00:44:55Z
- Projects
- —
- Commodities
- lithium
Change of Director's Interest Notice (MacDonald)Governance · LowExtracted
Director interest notice for the CEO: 20,000 securities acquired on 20 August 2026. Insider context only.
- Document ID
- lft-director-2026-08-25
- Published UTC
- 2026-08-24T22:00:05Z
- Projects
- —
- Commodities
- lithium
Change of Director's Interest Notice x 2 (Langer)Governance · LowExtracted
Director interest notice: 20,000 securities acquired by a non-executive director on 17–18 August 2026. Insider context only.
- Document ID
- lft-director-2026-08-21
- Published UTC
- 2026-08-21T06:51:28Z
- Projects
- —
- Commodities
- lithium
Notification regarding unquoted securities - LFT (13,352 exercised)Corporate Action · LowExtracted
Appendix 3G: 13,352 options exercised into common shares on 19 August 2026; post-issue totals of 21,748,072 CDIs and 72,920,297 common shares.
- Document ID
- lft-unquoted-2026-08-20
- Published UTC
- 2026-08-20T00:15:57Z
- Projects
- —
- Commodities
- lithium
Cancel - Proposed issue of securities - LFTCorporate Action · LowExtracted
Cancellation of the 12 August 2026 cleansing offer: the offer closed with no shares issued.
- Document ID
- lft-cancel-2026-08-20
- Published UTC
- 2026-08-20T00:29:37Z
- Projects
- —
- Commodities
- lithium
Management's Discussion and Analysis (six months to 30 June 2026)Results · HighExtracted
MD&A for the period to 30 June 2026: project updates, Renard option economics (C$12M fee, C$18M annual C&M deposits), use of proceeds, the August 2026 offering (C$23.0M gross) and the 2026 outlook including a Yellowknife PEA planned for Q1.
- Document ID
- lft-mda-2026-08
- Published UTC
- 2026-08-14T02:58:25Z
- Projects
- adina · galinee · yellowknife · renard
- Commodities
- lithium
Condensed Interim Consolidated Financial Statements (six months to 30 June 2026)Results · HighExtracted
Unaudited interim consolidated financial statements to 30 June 2026 (C$): cash C$18.8M, E&E assets C$478.0M after the Winsome acquisition, no debt, C$12M Renard option fee prepaid, and subsequent events including the Renard option approval and the August 2026 offering.
- Document ID
- lft-interim-fs-2026-06
- Published UTC
- 2026-08-14T02:37:00Z
- Projects
- adina · galinee · yellowknife · renard
- Commodities
- lithium
Notification regarding unquoted securities - LFT (7,935,000 issued)Financing · HighExtracted
Appendix 3G: 7,935,000 common shares issued on 13 August 2026 at C$2.90; post-issue CDI and common share totals.
- Document ID
- lft-unquoted-2026-08-13
- Published UTC
- 2026-08-13T04:16:20Z
- Projects
- —
- Commodities
- lithium
Proposed issue of securities - LFT (CDI offer)Financing · LowExtracted
Appendix 3B for a cleansing offer of 100 CDIs at A$3.50, later cancelled with no shares issued.
- Document ID
- lft-proposed-2026-08-12
- Published UTC
- 2026-08-12T02:51:35Z
- Projects
- —
- Commodities
- lithium
Notification of cessation of securities - LFT (options lapsed)Corporate Action · LowExtracted
Appendix 3H: options lapsed on 29 July and 31 July 2026 after a holder resigned; the holder is not identified.
- Document ID
- lft-cessation-2026-08-07
- Published UTC
- 2026-08-07T02:31:42Z
- Projects
- —
- Commodities
- lithium
Proposed issue of securities - LFT (7,935,000 common shares)Financing · HighExtracted
Appendix 3B: proposed placement of up to 7,935,000 common shares at C$2.90 (bought deal), issue date 12 August 2026, subject to TSX-V approval.
- Document ID
- lft-proposed-2026-08-05
- Published UTC
- 2026-08-05T03:03:58Z
- Projects
- —
- Commodities
- lithium
Albemarle spodumene concentrate auction result (CIF SC6 US$2,113/t)Commodity Data · HighExtracted
Albemarle spodumene concentrate auction concluded 30 July 2026: 14,700 dmt sold at USD 2,113/t CIF SC6 (publication dated 30 July 2026 15:46 GMT+8). Used as the dated spot anchor; converted to SC5.5 equivalent at 5.5/6.
- Document ID
- ref-albemarle-spodumene-auction-2026-07-30
- Published UTC
- 2026-07-30T07:46:00Z
- Projects
- adina
- Commodities
- lithium
Notification of cessation of securities - LFT (DSUs)Corporate Action · LowExtracted
Appendix 3H: 2,976 deferred share units cash-settled at C$3.36 on 14 July 2026. Beneficiary not identified.
- Document ID
- lft-cessation-2026-07-28
- Published UTC
- 2026-07-28T04:42:06Z
- Projects
- —
- Commodities
- lithium
Notification regarding unquoted securities - LFT (CDI list)Corporate Action · LowExtracted
Appendix 3G with the post-issue capital table at 20 July 2026: 22,187,800 CDIs and 64,532,217 common shares.
- Document ID
- lft-unquoted-2026-07-20-b
- Published UTC
- 2026-07-20T08:37:00Z
- Projects
- —
- Commodities
- lithium
Notification regarding unquoted securities - LFT (RSUs)Corporate Action · LowExtracted
Appendix 3G: 10,000 restricted share units issued under the employee incentive scheme on 20 July 2026.
- Document ID
- lft-unquoted-2026-07-20-a
- Published UTC
- 2026-07-20T08:45:40Z
- Projects
- —
- Commodities
- lithium
Court Approves Option to Acquire the Renard Mine SiteTransaction · HighPartial
Superior Court of Quebec approval of the Renard option on 14 July 2026. Release condition deadline of 3 October 2026 for return of the fee; option period ends 23 June 2028.
- Document ID
- lft-renard-court-2026-07
- Published UTC
- 2026-07-14T07:54:22Z
- Projects
- renard
- Commodities
- lithium
Company Presentation (July 2026)Presentation · MediumPartial
Company presentation of 9 July 2026: Adina-Galinee combined resource, Renard option economics, the timeline to a feasibility study and first concentrate in 2030, capital structure at 8 July 2026, and the resource tables for Adina and Yellowknife.
- Document ID
- lft-presentation-2026-07
- Published UTC
- 2026-07-09T02:59:59Z
- Projects
- adina · yellowknife · renard
- Commodities
- lithium
Drill results from Yellowknife Lithium projectOperations · MediumPartial
Drill results from 20 holes (5,324 m) at the Yellowknife Lithium Project: 2026 winter BIG East and Fi Main programme and 2025 summer holes. Best reported intercept 26 m at 1.29% Li2O (YLP-0312).
- Document ID
- lft-drill-yellowknife-2026-06
- Published UTC
- 2026-06-29T23:00:00Z
- Projects
- yellowknife
- Commodities
- lithium
LIFT Enters into Binding Call Option Agreement for the Acquisition of the Renard Mine SiteTransaction · HighPartial
Binding call option with Stornoway, 1127 Canada and the CCAA monitor over the Renard processing site: C$1.00 exercise price within a two-year option period, C$12M option fee, C$18M per year care and maintenance deposits, and release and exercise conditions.
- Document ID
- lft-renard-option-2026-06
- Published UTC
- 2026-06-24T06:14:54Z
- Projects
- renard · adina
- Commodities
- lithium
Company Presentation (June 2026)Presentation · MediumPartial
Company presentation dated June 2026 with the Adina and Yellowknife resource tables and the study-stage pathway. Superseded by the July 2026 presentation for valuation inputs.
- Document ID
- lft-presentation-2026-06
- Published UTC
- 2026-06-20T23:00:00Z
- Projects
- adina · yellowknife
- Commodities
- lithium
Notice of Initial Substantial ShareholderGovernance · MediumExtracted
Initial substantial holder notice: Avenir Minerals Limited (wholly owned by Agnico Eagle Mines) at 8,468,718 shares/CDIs (9.77%) on admission.
- Document ID
- lft-substantial-holder-2026
- Published UTC
- 2026-05-28T03:39:08Z
- Projects
- —
- Commodities
- lithium
LIFT Files NI 43-101 Technical Report on Adina-GalineeResource Update · HighPartial
Notice of the NI 43-101 technical report on the Adina-Galinee project (effective 7 May 2026). Confirms the Winsome Adina MRE is unchanged on conversion from JORC to NI 43-101.
- Document ID
- lft-ni43101-notice-2026
- Published UTC
- 2026-05-27T23:00:00Z
- Projects
- adina · galinee
- Commodities
- lithium
Initial Director's Interest NoticeGovernance · LowExtracted
Initial director interest notices for the board after ASX admission. Used only for insider dealings context; not leadership evidence.
- Document ID
- lft-director-initial-2026-05-28
- Published UTC
- 2026-05-28T02:15:33Z
- Projects
- —
- Commodities
- lithium
Winsome Resources Annual Report 30 June 2025Results · HighExtracted
Winsome Resources annual report for the year to 30 June 2025 (predecessor of Adina). Contains the Adina scoping study (post-tax NPV8 US$743M at US$1,375/t SC5.5), the Renard option history and the Adina mineral resource context.
- Document ID
- lft-annual-fy2025-winsome
- Published UTC
- 2026-05-22T07:30:23Z
- Projects
- adina
- Commodities
- lithium
Winsome Resources Annual Report 30 June 2024Resource Update · MediumExtracted
Winsome annual report for the year to 30 June 2024: 77.9 Mt maiden Adina resource (superseded by the 2026 resource) and the greenfield and brownfield scoping study scenarios.
- Document ID
- lft-annual-fy2024-winsome
- Published UTC
- 2026-05-22T07:30:08Z
- Projects
- adina
- Commodities
- lithium
Pre-Quotation DisclosureCorporate Action · HighExtracted
ASX pre-quotation disclosure at admission (22 May 2026): 86,720,017 shares and CDIs on admission and the CDI top-20 register as at 21 May 2026.
- Document ID
- lft-prequote-2026
- Published UTC
- 2026-05-22T07:34:13Z
- Projects
- —
- Commodities
- lithium
LFT Consolidated Financial Statements 31 December 2025 (13 months)Results · HighExtracted
Audited consolidated financial statements of Li-FT Power Ltd. for the 13 months to 31 December 2025 (year-end changed from 30 November) with the 12 months to 30 November 2024 comparatives. Going concern material uncertainty noted by the auditor.
- Document ID
- lft-fs-dec2025
- Published UTC
- 2026-05-22T07:29:33Z
- Projects
- —
- Commodities
- lithium
LFT Consolidated Financial Statements 30 November 2024Results · MediumExtracted
Audited consolidated financial statements of Li-FT Power Ltd. for the year to 30 November 2024, the prior fiscal year-end used for the prior-year comparatives.
- Document ID
- lft-fs-nov2024
- Published UTC
- 2026-05-22T07:29:13Z
- Projects
- —
- Commodities
- lithium
Evidence facts65
94668369 shares
2026-08-2023011500 CAD
2026-08-1250.383 Mt
2024-09-251.0 %
2024-09-25506000 t
2024-09-2518814000 CAD
2026-06-30491587000 CAD
2026-06-300 CAD
2026-06-30213000 CAD
2026-06-300 CAD/share
2026-11-06-6306000 CAD
2026-06-3022263000 CAD
2026-06-30100 pct
2026-06-30100 pct
2026-06-3075 pct
2026-03-09100 pct
2026-05-21100 pct
2026-05-21100 pct
2026-05-213000000 shares
2026-06-306960000 CAD
2025-07-14Power Metallic Mines Inc. (TSXV: PNPN) text
2026-06-30199.6 km2
2026-05-21Spodumene-bearing pegmatite trend text
2026-05-2147 km2
2026-05-21LCT pegmatite corridor (lithium-caesium-tantalum) text
2026-05-2141.4 km2
2026-05-21Spodumene-bearing pegmatites (Sirmac-Clapier) text
2026-05-212200000 tpa
2026-07-1460.5 Mt
2024-04-111.14 %
2024-04-11688980 t
2024-04-1115.9 Mt
2024-04-111.17 %
2024-04-11185490 t
2024-04-112024-04-11 date
2024-04-11Open pit for the majority, with underground extensions text
2024-04-110.5 %
2024-04-112024-09-25 date
2024-09-25Open pit (envisioned) text
2024-09-250.4 %
2024-09-250 pct
2026-06-23Care and maintenance (placed Oct 2023; operations ended Jan 2025) text
2026-06-24743000000 USD
2024-09-1743 %
2024-09-17259000000 USD
2024-09-178 %
2024-09-171375 USD/t
2024-09-17693 USD/t
2024-09-17256000 t/yr
2024-09-1721 years
2024-09-1786720017 shares
2026-05-221816000 CAD
2025-12-3147085337 shares
2024-11-302324000 CAD
2025-12-31-9056000 CAD
2024-11-30-4765000 CAD
2025-12-31-3903000 CAD
2024-11-3017796000 CAD
2025-12-3123761000 CAD
2024-11-301.34 AUD
2026-11-060.6870769230769231 USD/AUD
2026-11-060.9664615384615385 CAD/AUD
2026-11-0691580 CNY/t
2026-11-052113 USD/t
2026-07-30932 CAD M
2026-09-18Conflicts requiring judgment2
- yellowknife_pea_release_timing
The July 2026 presentation timeline shows a Yellowknife PEA in July to December 2026; the later 14 August 2026 MD&A states the YLP PEA is planned for Q1 2027. The later company-guided timing is used.
- executive_title_april_hayward
The July 2026 presentation lists Chief Sustainability Officer; the 14 August 2026 MD&A records the appointment as Executive Vice President, External Affairs and Strategic Partnerships. The later MD&A title is used.