Li-FT Power funding Renard diamond mine

In early August 2026, Li‑FT Power Ltd. announced a bought‑deal public offering of 6.9 million common shares at C$2.90 each, targeting gross proceeds of roughly C$20 million. The net proceeds are earmarked primarily for the first‑year care‑and‑maintenance payment tied to the company’s exclusive option to acquire the Renard diamond mine, processing facility and related infrastructure in Quebec, as well as for working capital. The offering, underwritten by Canaccord Genuity with an over‑allotment option for up to 15 % of the shares, is expected to close around 12 August 2026.

A follow‑up notice on 7 August clarified that the Renard option requires authorisation from Quebec’s Ministry of Natural Resources and Forests by 3 October 2026, and the release of a C$12 million option fee held in trust. The remaining balance of the proceeds will support general corporate purposes. The transaction remains subject to review and final approval by the TSX Venture Exchange, and the company indicated that additional financing will be needed for subsequent years of care‑and‑maintenance and potential exercise of the option.