LIFT Enters into Binding Call Option Agreement for the Acquisition of the Renard Mine Site

VANCOUVER, British Columbia, June 24, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (ASX: LFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce that it has entered into a binding call option agreement dated June 23, 2026 (the “Option Agreement”) with Stornoway Diamonds (Canada) Inc. (“Stornoway”), 11272420 Canada Inc. (“1127 Canada”) and Deloitte Restructuring Inc. (the “Monitor”), in its capacity as monitor in the CCAA Proceedings (as defined below) pursuant to which LIFT has been granted the sole and exclusive option to acquire, at its election, the assets comprising the Renard diamond mine, processing facility and associated infrastructure (“Renard”) or all of the issued shares in the capital in Stornoway or 1127 Canada, subject to the approval of the Superior Court of Québec (the “Court”) pursuant to the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”).