Li-FT Power wins court approval for option to acquire Renard diamond mine assets for C$12 million

• Li-FT Power secured a court-backed call option to acquire the Renard diamond mine site assets in Quebec, or the shares of its owners.
• The option runs through June 23, 2028, exercisable for C$ 1, pending feasibility work on repurposing the site for lithium processing.
• Paid a C$ 12 million option fee into trust; it is refunded if a key provincial authorization is not received by Oct. 3, 2026.
• Assumes care and maintenance during the option period, estimated at C$ 18 million per year, with full closure and remediation if it proceeds.
• Closing would still require a definitive acquisition agreement, court sign-off, regulatory clearances, and TSX Venture Exchange approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Li-FT Power Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607140305PRIMZONEFULLFEED9761651) on July 14, 2026, and is solely responsible for the information contained therein.