Alberta Pension Looks For New CIO Amid Push to Expand Calgary Office
The new CIO would be based in Calgary, the largest city in Alberta and the home of Canada's major oil and gas companies. Edmonton-based Aimco is considering both internal and external candidates, according to people familiar with the matter, asking not to be identified because they weren't authorized to speak publicly.
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Yahoo
27 minutes ago
- Yahoo
LIFT Announces Commencement of Exploration Activities at the Cali Lithium Project, NWT
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF) (FSE: WS0) ("LIFT" or the "Company") is pleased to announce commencement of exploration activities set for the 17th of July 2025, at the Cali Lithium Project in the Northwest Territories, Canada (Figure 1). The Cali project is located towards the northwest end of the Little Nahanni Spodumene Pegmatite Group, comprising numerous spodumene dykes emplaced within a structural corridor that is at least 13 km long and 100's of meters wide. Prospecting and sampling of this corridor in the summer of 2023 confirmed several contiguous and parallel dyke zones between 100 to 300 meters wide (Figure 2). LIFT's 2023 work also confirmed that many of the dykes contain coarse spodumene crystals, with rock sampling returning grades up to 3.04% Li2O. In 2024, LIFT staked an additional 9,681 hectares covering the corridor further to the northwest following the approval of an amendment to the Sahtú Land Use Plan (the Nááts'ı̨hch'oh Amendments) which allows for exploration staking and potential future development of the dyke corridors (see press release dated September 3, 2024). The 2025 work program will focus on the unrealized potential of the Little Nahanni structures extending into the newly acquired claims, as well as the collection of trench and metallurgical samples in the established mineralization zones identified in the 2023 work program (Figure 2). Figure 1 - Location of LIFT's Cali Project. To view an enhanced version of this graphic, please visit: Proposed work plan 2025 A total of 1,100 m of trenching is planned in zones of high grade spodumene mineralization mapped and sampled in 2023 (Figure 2, inset map). Trenches will be opened perpendicular to the dyke corridors to help understand grade and width continuity in preparation for future drill testing. Additional bulk metallurgical samples of the dykes will be collected for early-stage information on spodumene recovery by dense media separation (DMS). An area of 1,877 hectares immediately northeast of the trenching program (Figure 2) has also been selected for prospect mapping and sampling in the 2025 program. High-resolution LiDAR and orthophoto interpretation of this area has identified continuity of the Cali dykes to the northwest and thereby also high potential for spodumene mineralization. Field teams will focus on the fertility of these zones through collection of detailed geochemical and mapping data for future follow-up trenching and metallurgical studies. Figure 2 - Location Map of 2025 surface program. To view an enhanced version of this graphic, please visit: Francis MacDonald, CEO of LIFT comments, "The 2025 exploration program will significantly advance the understanding and economic potential of the Cali Lithium Project. By integrating trenching, metallurgical testing, and extensive prospecting across underexplored extensions of the spodumene corridors, LIFT aims to position the project for potential future resource delineation. We believe that the Cali Project could eventually be a significant source of spodumene in western Canada." Qualified Person The disclosure in this news release of scientific and technical information regarding LIFT's mineral properties has been reviewed and approved by Ron Voordouw, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). About LIFT LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada. LIFT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group. For further information, please contact: Francis MacDonaldChief Executive OfficerTel: + 1.604.609.6185 Email: investors@ Daniel GordonInvestor RelationsTel: +1.604.609.6185Email: investors@ Cautionary Statement Regarding Forward-Looking Information Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest annual information form filed on March 21, 2025, which is available under the Company's SEDAR+ profile at and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
32 minutes ago
- Business Wire
E3 Lithium Announces Results from Annual General and Special Meeting, Election of Board Chairperson, and Appoints New Chief Financial Officer
CALGARY, Alberta--(BUSINESS WIRE)--E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), 'E3 Lithium' or the 'Company,' a leader in Canadian lithium, is pleased to announce that all items of business were approved at its Annual General and Special Meeting (the 'Meeting') of shareholders held on July 2, 2025, and that the Board of Directors ('the Directors' or the 'Board') has subsequently elected a Chairperson and appointed a new Chief Financial Officer. Results of the Meeting At the Meeting, Shareholders voted in favour of the following, as described in the Company's Management Information Circular (the 'Circular') dated May 16, 2025: As previously announced, John Pantazopoulos retired from the Board of Directors in order to pursue a career in public office. We wish him well in his future endeavours and would like to thank him once again for his many valuable contributions to E3 Lithium over the years. Subsequent to the Meeting, the Directors elected by unanimous resolution Chris Doornbos as Chairperson of the Board. Mr. Doornbos has successfully led E3 Lithium through resource and technology development since 2017 and has been instrumental in developing critical external relationships with industry, government, and stakeholders. This appointment is in line with E3 Lithium's maturation, discussed more fulsomely below. In line with the high standards of corporate governance, the Directors will appoint a lead director at the next board meeting. The Board also reconfirmed the Company's subcommittee's including Tina Craft as audit committee chair, Alexandra Cattelan as compensation and human resources committee chair, and Kevin Stashin as governance chair. Message from the Incoming Chair of the Board I am honoured to have been elected as the Chairperson for E3 Lithium. Several years ago, the Company put in place a plan to transition from a junior explorer and technology developer to a successful mineral producer. These transitions take time, and the Company aims to ensure we are well positioned for eventual construction and operations of a first-of-its-kind lithium processing facility. As part of this evolution, the Company has focused on building a leadership structure that reflects the critical skill sets and industry experience required to guide the next phase of growth and development. Nearly two years ago, the Board of Directors was expanded to strengthen its governance and strategic capabilities, with the appointments of Alexandra Cattelan, Tina Craft, and the Hon. Sonya Savage. They joined Kevin Stashin, who had been appointed to the Board in 2021. The transition plan is focussed on ensuring the right team is in place at an executive level to align with the growing demands of the business. Included with this is the plan to recruit a President to the Company who will be responsible for managing the internal day-to-day operations and functions of the Company. This includes the continual expansion of the design and construction team to deliver our commitment to build and operate a first-of-its-kind lithium facility in Alberta. This is a critical role for the Company that we will look to bring on board in the coming year. In the interim, I will continue to oversee these important responsibilities. Following the recruitment of a President, my responsibilities as Chairperson and CEO will focus more exclusively on external-facing initiatives that are critical to securing the required regulatory approvals and financing for the Clearwater Project and building the business around the technology and value-additive transactions. As E3 Lithium continues to progress the development of the Clearwater Project, raising the required development and construction capital for a project of this scale is a critical role. To lead this effort, E3 Lithium is excited to welcome Brian Newmarch as its new chief financial officer. Brian is a seasoned industry professional with a successful background in raising and managing large capital projects in Alberta and globally. With over 20 years of experience in finance, energy, and midstream infrastructure, Brian has held senior leadership roles across the North American energy sector. He has served as the Chief Financial Officer at both Tidewater Midstream and Infrastructure and, most recently, Denver-based Humble Midstream LLC, following executive positions at Seven Generations Energy and ARC Resources. Throughout his career, Brian has led strategic debt and equity financings to support major infrastructure developments and operational growth across Western Canada. He also brings experience in go-public transactions, corporate mergers, and large-scale asset acquisitions and divestitures. Earlier in his career, Brian worked in commodity sales and trading at global financial institutions, including Credit Suisse and Citi, where he specialized in structured risk management and financing solutions. Brian holds the Chartered Financial Analyst designation and a Bachelor of Commerce degree from the Haskayne School of Business at the University of Calgary. The Company has granted Newmarch 300,000 incentive stock options (the 'Options'), vesting 25% per year over four years at an exercise price based on the closing price on July 2, 2025, under its omnibus equity incentive plan (the 'Plan'). In addition, Newmarch was issued 40,000 Performance Share Units ('PSUs'), issued in line with the Company's performance goals outlined on March 7, 2025, and 20,000 Restricted Share Units ('RSUs') vesting 50% per year over the next two years. The grant of the Options and issuance of PSUs and RSUs are subject to the approval of the TSX Venture Exchange. The Board and Management would like to thank Raymond Chow for his four years of service at E3 Lithium. Raymond was instrumental to the Company's success during his tenure. His dedication to the Company through our growth stage has been significant, and his contributions have added value across the organization. We wish him all the best in his future endeavours. The Company has also initiated the recruiting process for a Vice President of Facility Design, considering both internal and external candidates. The key responsibilities will include leading the design team through the successful development, deployment, and construction of the first commercial facility and beyond. E3 Lithium is at an exciting stage as the Company matures and moves closer to commercial operations. We are well prepared to execute on our vision of building a lithium industry in Alberta, supporting Canada's initiatives to be a leader in critical minerals, and ensuring the Company's ongoing success. This success is, at its core, the success of the team and the work they will accomplish over the coming years. We are very proud of the work we have completed to date and are confident in building a business poised for the future and ready to execute. I would like to thank our shareholders and stakeholders for their ongoing support of this vision. ON BEHALF OF THE BOARD OF DIRECTORS Chris Doornbos, Chairperson & CEO E3 Lithium Ltd. About E3 Lithium Ltd. E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources 2 in Alberta and 2.5 Mt LCE Inferred mineral resources 3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR 1. Forward-Looking and Cautionary Statements This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company's brine, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Bloomberg
35 minutes ago
- Bloomberg
Taiwan to Step Up Lending to Companies for Domestic Investing
Taiwan is raising its quota for lending to companies so they can invest in the archipelago's economy as they navigate economic challenges including uncertainty due to potential tariffs from the Trump administration. Some NT$720 billion ($24.9 billion) of loans will be allocated from 2025 to 2027, the cabinet said in a statement on Thursday — up from the NT$360 billion announced earlier. The government will also subsidize fees for the loan application, the cabinet added, and allow companies to hire more migrant workers if certain conditions are met.
