HARFANG RECEIVES NOTICE FROM Li-FT POWER OF ADVANCEMENT TO SECOND OPTION AT PONTAX, QUEBEC

Harfang Exploration Inc. has received formal notice from Li-FT Power regarding the advancement to a second option phase at the Pontax lithium project located in Quebec. This development represents a progression in what appears to be a structured option agreement between the two companies, where Li-FT Power is likely earning into or evaluating the Pontax property through a phased approach.

The notice suggests that Li-FT Power has satisfied the requirements of an initial option phase and is now proceeding to a second stage of evaluation or earn-in at the lithium project. Such option agreements are common in the mining sector, allowing companies to systematically evaluate properties while managing risk and capital deployment.

For the lithium sector, this type of structured partnership reflects the ongoing interest in Quebec's lithium potential, particularly as the province positions itself as a key jurisdiction for North American lithium development. The advancement to a second option phase indicates continued confidence in the Pontax project's prospects, though the specific terms and requirements of this phase were not detailed in the announcement.