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Loyal Lithium-focused exploration company LIFT has increased its ownership interest in the Galinée Property, an exclusive lithium exploration project in Québec, through two recently completed acquisitions from Azimut Exploration Inc. On February 18, 2026, LIFT closed the acquisition of a 50 percent interest in the Galinée Property’s exclusive exploration rights. On March 9, 2026, LIFT closed a subsequent acquisition of an additional 25 percent interest in the same property. Following these transactions, LIFT now holds a 75 percentt interest in the Galinée Property, while SOQUEM retains the remaining 25 percent interest, and LIFT acts as operator of the property under a joint venture arrangement with SOQUEM. LIFT is a mineral exploration company focused on the acquisition, exploration, and development of lithium pegmatite projects in Canada. Osler, Hoskin & Harcourt LLP advised LIFT on the acquisitions with a corporate team comprising Alan Hutchison, Hugo-Pierre Gagnon and Samuel Cantin.
Parties
Company
LIFT
Company
Azimut Exploration Inc.
Deal Type
Merger & AcquisitionIndustry
MiningTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date