The Bigger Lithium Picture:
If Texas is leading the renewable-energy revolution, perhaps the revolution is bigger than anyone thought.
We all know that Texas has long been synonymous with oil and gas. But the state is emerging as a leading force in battery energy storage in America- and the story isn't about environmental policy. It's about the bottom line 💲
The numbers tell the story:
🔋 19.7 GW installed — projected to reach 37 GW by 2027. By the end of Q1 2026, Texas's ERCOT grid had approximately 19.7 GW of utility-scale battery storage capacity, putting it ahead of every other U.S. state. The U.S. Energy Information Administration (EIA) projects that battery storage capacity in ERCOT could reach 37 GW by the end of 2027, highlighting the scale of expected growth. (Sources: S&P Global; EIA)
📈 53% of planned U.S. battery storage additions in 2026. The U.S. Energy Information Administration (EIA) reports that developers plan to add 24 GW of utility-scale battery storage nationwide in 2026. Texas accounts for 12.9 GW, compared with 3.4 GW in California and 3.2 GW in Arizona. These are planned additions, not completed installations. (Source: EIA, February 20, 2026)
🌬️ 28% of U.S. wind generation. Texas generated approximately 129,458 GWh of wind electricity in 2025 — more than any other state. (Source: Climate Central, using EIA data)
⚡ Growing electricity demand. ERCOT's electricity demand during January–September 2025 was 23% higher than during the same period in 2021. Wind and solar together met 36% of ERCOT's electricity demand during the first nine months of 2025. (Source: EIA, October 24, 2025)
So, what does this mean for BESS?
1. Storage is becoming an economic tool. Batteries can charge when electricity is inexpensive and discharge when prices rise. In a competitive electricity market like Texas, those price differences can create opportunities for storage operators to generate revenue.
2. The grid needs more flexibility. As electricity demand grows and wind and solar contribute significant amounts of power, battery storage can help balance supply and demand, respond quickly to changing grid conditions and provide electricity during periods of peak demand.
3. Investment is following market opportunities. Texas's planned battery additions suggest that developers see significant commercial potential in the state's electricity market. The scale of deployment highlights how economics, power demand and grid requirements are accelerating energy-storage investment.
What does this mean for lithium?
Reinforcing structural demand
#Lithium #BESS #EnergyStorage #TexasEnergy #CriticalMinerals
LI-FT SATISFIES FINAL RELEASE CONDITION FOR RENARD OPTION
From diamonds to lithium? The work at Renard begins. 🇨🇦🔋
Québec's Ministry of Natural Resources and Forests (MRNF) has granted the authorization required under our Renard option agreement, the last condition for release of the C$12M option fee.
Located ~60 km south of our Adina Lithium Project, Renard brings a 2.2 Mtpa processing facility, airport, power station, and all-season road access. Over the option period, Li-FT will evaluate repurposing this infrastructure for lithium processing as we work toward our goal of becoming Canada's next lithium producer.
Read the news release: li-ft.com/news/release-condi…
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LIFT ANNOUNCES KEY EXECUTIVE APPOINTMENTS FOR NEXT PHASE OF DEVELOPMENT
Francis MacDonald, President & CEO of LIFT, comments: “These appointments reflect the evolution of LIFT from explorer to developer, and the calibre of leadership required for our next phase of growth. Since joining LIFT as Senior Vice President of Development, Jeff has demonstrated exceptional leadership and a deep understanding of our portfolio, and his proven track record across project development, engineering, and operations makes him the right person to lead our operational team as we advance our projects. April has played an instrumental role in advancing LIFT from exploration to development, and her ability to translate technical and ESG complexity into commercial strategy makes her ideally suited to drive the partnerships that will enhance project value and support our path toward production. Together, these appointments strengthen the executive team at exactly the right moment for the Company.
Read the news release: li-ft.com/news/lift-announce…
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LIFT ANNOUNCES COMMENCEMENT OF DRILLING AT THE ADINA-GALINÉE LITHIUM PROJECT, QUÉBEC
Li-FT Power is pleased to announce commencement of exploration activities at the Adina-Galinée Lithium Project (“AGLP”), and the Cancet, Tilly, Nottaway, and Sirmac-Clapier properties, all located in Québec, Canada.
Read the news release: li-ft.com/news/lift-announce…
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Court Approves Option to Acquire the Renard Mine Site
Li-FT Power Ltd is pleased to announce, further to the Company’s news release dated June 24, 2026, that the Superior Court of Québec has approved the binding call option agreement dated June 23, 2026 with Stornoway Diamonds Inc, 11272420 Canada Inc. and Deloitte Restructuring Inc., in its capacity as monitor in the CCAA Proceedings.
Read the news release: li-ft.com/news/court-approve…
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LIFT Reports Drill Results from Yellowknife Lithium Project, NWT
Highlights from the results reported in this news release include:
• YLP-0304: 21 m at 1.09% Li2O (Fi Main)
Including 13 m at 1.38% Li2O
• YLP-0306: 18 m at 1.41% Li2O (Ki)
• YLP-0312: 26 m at 1.29% Li2O (BIG East)
Including 17 m at 1.65% Li2O
• YLP-0315: 22 m at 1.09% Li2O (BIG East)
• YLP-0320: 17 m at 1.32% Li2O (BIG East)
Read the news release: li-ft.com/news/lift-reports-…
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LIFT Enters into Binding Call Option Agreement for the Acquisition of the Renard Mine Site
HIGHLIGHTS
• The Option Agreement grants the Company the exclusive call option (the “Option”) to acquire the assets comprising Renard, (the “Assets”) or, at the election of LIFT, all issued shares in the capital in Stornoway (the 100% owner of Renard) or 1127 Canada (the 100% owner of Stornoway), subject to Court approval pursuant to the CCAA.
• Mineral processing at Renard began in 2016. Following the commencement of the CCAA Proceedings, Stornoway completed five milling campaigns to recover and process the remaining rough diamonds and terminated its operating activities in January 2025.
• The Renard process plant has a design capacity of 2.2Mtpa and may be amenable to process spodumene pegmatite ore from the Adina Lithium Project.
• Renard’s process plant consists of, jaw, cone, high-pressure grinding roll, dense media separation, and ore sorting circuits compatible with spodumene concentrate production.
• Renard holds a range of mineral processing and operating permits that may advance LIFT’s intended pathway to lithium production at a previously operating, brownfields site in Québec and facilitate growth in the Canadian EV battery supply chain.
• Potential acquisition of Renard, in which over C$900 million of capital has been invested, could materially reduce upfront capital expenditure, project risk, and the environmental footprint at the Adina Lithium Project.
Read the news release: li-ft.com/news/lift-enters-i…
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LIFT Files NI 43-101 Technical Report
on the Adina-Galinée Lithium Project, Quebec, Canada
Read the news release: li-ft.com/news/lift-files-ni…
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LIFT COMPLETES COMBINATION WITH WINSOME RESOURCES
Li-FT Power is pleased to announce the successful completion of the combination with Winsome Resources Limited, as previously announced on December 15, 2025.
The transaction adds the tier-one Adina lithium project, located in the Eeyou Istchee James Bay region of Québec, to LIFT’s portfolio and, together with the previously announced acquisition of a 75% interest in the adjacent Galinée property, creates one of the largest hard rock lithium developers in Canada. The combined Adina-Galinée project unlocks the potential to enhance scale, resource profile and project economics in the near-term.
Read the news release: li-ft.com/news/lift-complete…
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LIFT Intersects 26 m at 1.29% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT
Li-FT Power is pleased to report results from the 2026 winter program completed at the Yellowknife Lithium Project, located outside the city of Yellowknife, Northwest Territories. This program comprised a total of 17 drill holes for 4,778 m, with results for eight holes (2,110 m) summarized in the news release and including the following highlights:
• YLP-0312: 26 m at 1.29% Li2O (BIG East)
Including 17 m at 1.65% Li2O
• YLP-0313: 10 m at 1.12% Li2O (BIG East)
and: 10 m at 0.68% Li2O
including: 6 m at 1.03% Li2O
• YLP-0324: 11 m at 1.04% Li2O (BIG East)
Francis MacDonald, President & CEO of LIFT comments, “We're pleased with the results from this winter's drill program at BIG East. The intercepts confirm the continuity of mineralization at depth and provide a strong basis for our ongoing work in the area, including adding to the resource base at BIG East.”
Read the news release: li-ft.com/news/lift-intersec…
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LIFT PROVIDES UPDATE ON TIMETABLE FOR COMBINATION TRANSACTION WITH WINSOME RESOURCES
Read the news release: li-ft.com/news/lift-provides…
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LIFT ANNOUNCES THAT WINSOME RESOURCES SECURITYHOLDERS HAVE VOTED IN FAVOUR OF THE PROPOSED COMBINATION TRANSACTION
Li-FT Power is pleased to announce that the shareholders and optionholders of Winsome Resources Limited have each separately voted in favour of the schemes of arrangement in relation to the proposed combination transaction between LIFT and Winsome.
Read the news release: li-ft.com/news/lift-announce…
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@Li_FTPower is excited to be participating in @CG_Driven' s 5th Annual Global Metals and Mining Conference, hosted in Henderson, Nevada on May 19-21, 2026.
To attend, please contact your CG representative.
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Our Power. Our Planet. 🌎
This Earth Day, communities around the world are mobilizing behind a shared goal: powering the shift to clean energy.
At @Li_FTPower , we're proud to help lead that transition — advancing the critical minerals that make a renewable future possible.
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LIFT COMMENCES 2026 ENVIRONMENTAL BASELINE DATA COLLECTION PROGRAM AT THE YELLOWKNIFE LITHIUM PROJECT
The 2026 program represents the continuation of multi-year baseline studies that are used to understand current environmental, cultural, and socioeconomic conditions in the area. The Program will include local and regional baseline data collection activities and will focus on areas immediately adjacent to known pegmatite dykes where Project infrastructure may be present in the future (Figure 1). Lakes and streams that are immediately up- and down-stream of potential future infrastructure will also be included in the program, along with areas that are up- and downwind of potential future Project activities. The Program will build on previous work in the area and will include aquatic, atmospheric, terrestrial, and human environment components and will employ approaches rooted in the scientific method and Indigenous Knowledge.
Read the news release: li-ft.com/news/lift-commence…
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@Li_FTPower welcomes the Government of Canada's continued focus on building strategic infrastructure to unlock the mineral potential of the North.
This week, @CanadianPM MarkCarney announced that the Grays Bay Road and Port Project has been referred to the Major Projects Office. The project proposes a ~230 km all-season road connecting the Nunavut border to a new deepwater port at Grays Bay on the Arctic Ocean, creating a critical export route for northern resources.
The project is designed to work in conjunction with the Arctic Economic and Security Corridor — a proposed ~400 km all-season road linking southern Canada to the Nunavut border. Together, these interconnected projects would create a new transportation and export corridor from southern Canada to the Arctic Ocean, helping enable mineral exploration and development across the mineral-rich Slave Geological Province.
For projects like Li-FT’s LDG and Mackay properties, improved northern infrastructure has the potential to significantly enhance access to transportation networks, support future mineral development, and strengthen Canada’s ability to unlock the full potential of the North’s resource base.
As Canada continues to prioritize critical minerals and northern sovereignty, strategic infrastructure development could play a key role in enabling exploration and development across the region.
#Lithium #CriticalMinerals #Mining #NorthwestTerritories #ArcticInfrastructure #EnergyTransition #Canada
ctvnews.ca/politics/article/…
LIFT CLOSES ACQUISITION WITH SOQUEM FOR AN ADDITIONAL 25% INTEREST IN THE GALINÉE PROPERTY, QUEBEC
Under the terms of the purchase agreement with SOQUEM, consideration for SOQUEM’s 25% interest in the Galinée Property consisted of 1,000,000 common shares in the capital of the Company. The common shares issued pursuant to the SOQUEM Agreement are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws.
Read the full press release here: li-ft.com/news/lift-closes-a…
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LIFT COMMENCES LITHIUM CARBONATE CONVERTER SCOPING STUDY AS PART OF INTEGRATED DOWNSTREAM STRATEGY FOR THE YELLOWKNIFE LITHIUM PROJECT
HIGHLIGHTS
LIFT to launch Scoping Study for a Lithium Carbonate Converter as part of advancing its integrated downstream strategy
Scoping Study to be based on a planned 30,000 tonnes per annum (“tpa” or together “30ktpa”) production capacity of battery grade lithium carbonate, taking spodumene concentrate feedstock supplied from the Yellowknife Lithium Project
The exercise will also include a high-level site evaluation study to best ascertain the optimal location for the future Lithium Carbonate Converter, based on a number of key factors and considerations, including proximity and logistics to the Yellowknife Lithium Project location in the Northwest Territories
LIFT’s advancement of this integrated strategy, taking spodumene concentrate produced at Yellowknife and processing the raw materials through to lithium chemicals, will help support the continued build-out of a vertically integrated domestic supply chain in Canada
Read the full press release here: li-ft.com/news/lift-commence…
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LIFT APPOINTS JEFF REINSON AS SENIOR VICE PRESIDENT OF DEVELOPMENT
Mr. Reinson previously served as Vice President of Operations at Burgundy Diamond Mines, where he oversaw the 24/7 operations of Ekati Diamond Mine. Prior to his tenure at Burgundy, he was Chief Operating Officer at First Mining Gold Corp. Throughout his career, he has held senior leadership and project director roles with internationally recognized mining companies, including Goldcorp, Newmont, and Rio Tinto. Jeff holds a Master of Science and a Bachelor of Science in Civil Engineering from the University of Saskatchewan.
Read the full press release here: li-ft.com/news/lift-appoints…
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