Li-FT Power Ltd. (TSX-V: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce the closing of its previously announced offerings outlined in its joint press release with Winsome Resources Limited issued on December 15, 2025 (Perth, Australia time) and its press release issued on January 22, 2026.

Pursuant to the Offerings, the Company raised aggregate gross proceeds of approximately C$48.1 million, which included the full exercise by the Underwriters (as defined below) of their options to sell up to an additional C$6.5 million aggregate of Subscription Receipts and Shares (each as defined below), as follows:

The Subscription Receipt Offering

• 3,876,000 “flow-through” subscription receipts of LIFT at a price of C$6.88 for gross proceeds of C$26,666,880; and
• 2,209,300 subscription receipts of LIFT at a price of C$4.30 for gross proceeds of C$9,499,990.

The Common Share Offering

• 775,200 “flow-through” common shares of LIFT at a price of C$6.45 for gross proceeds of C$5,000,040; and
• 1,627,800 common shares of LIFT at the Non-FT Issue Price for gross proceeds of C$6,999,540.

The Offerings were led by Canaccord Genuity Corp., as lead underwriter and sole-bookrunner, on behalf of a syndicate which included Cormark Securities Inc. and SCP Resource Finance LP. The Company paid the Underwriters a cash commission of 5.0% of the gross proceeds of the Offerings, other than in respect of certain purchasers on a president’s list for which the Underwriters received a reduced or nil commission.

The aggregate gross proceeds from the sale of the Subscription Receipts, less 50% of the Underwriters’ commission in connection with the Subscription Receipt Offering and certain expenses of the Subscription Receipt Offering, will be held in escrow pending the completion by the Company of its proposed acquisition of Winsome.

The aggregate gross proceeds from the sale of the FT Subscription Receipts (upon escrow release) will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as both terms are defined in the Income Tax Act (Canada) related to Adina-Galinée in Quebec on or before December 31, 2027. The net proceeds from the sale of the Non-FT Subscription Receipts (upon escrow release) will be used towards Adina-Galinée and for general corporate purposes.

The aggregate gross proceeds from the sale of the FT Shares will be used to incur Qualifying Expenditures on LIFT’s Yellowknife Lithium Project in Northwest Territories, the Galinée property (upon acquisition) and LIFT’s other exploration properties on or before December 31, 2027. The net proceeds from the sale of the Non-FT Shares will be used towards LIFT’s Yellowknife Lithium Project, the Galinée property (upon acquisition) and general corporate purposes.

For further details as to the Offerings and the related proposed transactions by which the Company will acquire Winsome, which includes the Adina lithium property, and an aggregate 75% interest in the Galinée property, please refer to the Initial Press Release and the Company’s press release dated December 24, 2025.

The Offerings remain subject to receipt by the Company of final approval of the TSX Venture Exchange.

The Subscription Receipts and Shares issued pursuant to the Offerings, including the common shares of the Company underlying the Subscription Receipts, are subject to a statutory hold period of four months and one day following the closing of the Offerings.

Certain directors and officers of the Company participated in the Offerings. Such insider participation in the Offerings constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, for which the Company was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) thereof, respectively. The Company did not file a material change report 21 days before closing the Offerings as such participation by such insiders was not settled until shortly prior to closing and the Company wished to close the Offerings as expeditiously as possible for sound business reasons. The material change report to be filed by the Company in connection with the closing of the Offerings will contain additional details with respect to such insider participation.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

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.