Latest news with #PowerMetallicMines
Associated Press
11 hours ago
- Business
- Associated Press
LIFT Sells 313 Claims in Quebec to Power Metallic Mines for $700,000 in Cash and 6,000,000 Shares
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF) (FSE: WS0) ('LIFT' or the 'Company') is pleased to announce that it has entered into a definitive agreement with Power Metallic Mines Inc. (TSXV: PNPN) for the sale of a 100% interest in 313 claims from the Rupert Project, Quebec. In consideration for the 313 claims, LIFT will receive: The transaction is subject to customary closing conditions, including regulatory approvals where applicable Following the completion of this transaction, LIFT will retain a total of 2,203 claims comprising the Rupert Project in Quebec. [ This image cannot be displayed. Please visit the source: ] Figure 1 - Location of LIFT's Rupert Project along with the 313 claims being sold to PNPN. To view an enhanced version of this graphic, please visit: Francis MacDonald, CEO of LIFT comments, 'This transaction unlocks value within LIFT's portfolio with the divesture of non-core claims and allows us to participate in the exciting discoveries that Power Metallic has made. With the current lithium market conditions remaining challenging, this transaction provides optionality for a non-dilutive source of capital down the road. We look forward to seeing the progress that Power Metallic will make in the coming months.' Qualified Person The disclosure in this news release of scientific and technical information regarding LIFT's mineral properties has been reviewed and approved by Don Cummings, OGX Member 2183 and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). About LIFT LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. LIFT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group. For further information, please contact: Francis MacDonald Chief Executive Officer Tel: + 1.604.609.6185 Email: [email protected] Website: Daniel Gordon Investor Relations Tel: +1.604.609.6185 Email: [email protected] Cautionary Statement Regarding Forward-Looking Information Certain statements included in this press release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under 'Risk Factors' in the Company's latest annual information form filed on March 21, 2025, which is available under the Company's SEDAR+ profile at and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press view the source version of this press release, please visit
Yahoo
13 hours ago
- Business
- Yahoo
LIFT Sells 313 Claims in Quebec to Power Metallic Mines for $700,000 in Cash and 6,000,000 Shares
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF) (FSE: WS0) ("LIFT" or the "Company") is pleased to announce that it has entered into a definitive agreement with Power Metallic Mines Inc. (TSXV: PNPN) for the sale of a 100% interest in 313 claims from the Rupert Project, Quebec. In consideration for the 313 claims, LIFT will receive: C$700,000 in cash on closing 6,000,000 shares on closing 3,000,000 of 6,000,000 shares issued are also subject to a contractual, time-based restriction on transfer for 12 months from the closing 0.5% net smelter returns (NSR) royalty (no buyback provision) The transaction is subject to customary closing conditions, including regulatory approvals where applicable Following the completion of this transaction, LIFT will retain a total of 2,203 claims comprising the Rupert Project in Quebec. Figure 1 - Location of LIFT's Rupert Project along with the 313 claims being sold to PNPN. To view an enhanced version of this graphic, please visit: Francis MacDonald, CEO of LIFT comments, "This transaction unlocks value within LIFT's portfolio with the divesture of non-core claims and allows us to participate in the exciting discoveries that Power Metallic has made. With the current lithium market conditions remaining challenging, this transaction provides optionality for a non-dilutive source of capital down the road. We look forward to seeing the progress that Power Metallic will make in the coming months." Qualified Person The disclosure in this news release of scientific and technical information regarding LIFT's mineral properties has been reviewed and approved by Don Cummings, OGX Member 2183 and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). About LIFT LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. LIFT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group. For further information, please contact: Francis MacDonald Chief Executive Officer Tel: + 1.604.609.6185 Email: investors@ Website: Daniel GordonInvestor RelationsTel: +1.604.609.6185Email: investors@ Cautionary Statement Regarding Forward-Looking Information Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest annual information form filed on March 21, 2025, which is available under the Company's SEDAR+ profile at and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
06-03-2025
- Business
- Globe and Mail
Stocks Under $3 for March 2025: PNPN.V, GV, KITT, TRNR, PRSO, Lead the Charge
As investors hunt for high-potential stocks under $3, several companies are making headlines with major funding, strategic acquisitions, and groundbreaking innovations. From critical minerals and clean energy to AI-driven robotics and fitness technology, these emerging players are gaining traction and poised for significant growth. Power Metallic Mines, (TSX.V: PNPN) (OTC: PNPNF) formerly Power Nickel, has successfully raised $50 million, strengthening its cash position to accelerate its expansion strategy across gold, silver, platinum, palladium, copper, nickel, battery metals, and critical minerals. Power Metallic Mines is advancing the High-Grade Nickel Nisk Project toward becoming Canada's first carbon-neutral nickel mine. Spanning 20 kilometers, Nisk hosts high-grade nickel-copper-PGM intercepts, with the company securing an 80% acquisition option from Critical Elements Lithium Corp. (TSXV: CRE) in 2021. Beyond Nisk, Power Metallic Mines holds significant land assets in British Columbia and Chile, recently restructured into a related public vehicle. With a diversified portfolio, strong financial backing, and a commitment to sustainable mining, the company is positioned as a key player in the evolving resource sector. Visionary Holdings Inc. (NASDAQ: GV) has secured a $1 billion financing consent letter from Qatar's Alfardan Group to accelerate the global expansion and R&D of its PEGASUS new energy vehicles (NEVs). While specific financing details remain confidential due to NASDAQ disclosure regulations, the funding is set to bolster Visionary's position in the NEV industry, driving innovation in solid-state batteries, high-power motors, and AI-driven autonomous technology. Nauticus Robotics, Inc. (NASDAQ: KITT) has announced its intent to acquire SeaTrepid International, a global provider of subsea robotic services. This acquisition strengthens Nauticus' position in the autonomous underwater robotics market, enhancing AI-driven capabilities and expanding its addressable market. Interactive Strength Inc. (NASDAQ: TRNR), the company behind CLMBR and FORME fitness brands, has signed a letter of intent and exclusivity agreement to acquire a $15M+ revenue connected-fitness equipment company. Expected to close by the end of March 2025, the all-stock deal marks TRNR's second acquisition this year, furthering its aggressive expansion strategy in the fragmented global health & wellness market. Peraso Inc. (NASDAQ: PRSO) a leader in mmWave wireless technology, is gaining momentum as an undervalued stock poised for major growth. CEO Ron Glibbery's recent interview on The Street Reports Podcast shed light on the company's breakthroughs in 60 GHz mmWave solutions, their role in fixed wireless access (FWA), AI-driven networking, and military-grade communications, and why Peraso is an essential player in the evolving AI and 5G revolution. Listen Now: The Street Reports Podcast With significant capital infusions, strategic expansions, and innovative advancements, these high-potential stocks under $3 are drawing investor attention. As Power Metallic Mines scales critical mineral production, Visionary Holdings disrupts the EV space, Nauticus Robotics expands autonomous capabilities, Interactive Strength strengthens the fitness market and Peraso Inc. revolutionizing 5 G networks and beyond, these companies are primed for explosive growth in 2025. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. 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