  In this paper, we study the energy critical equivariant Landau-Lifschitz flow
with target manifold $\mathbb{S}^2$. We prove that there exists a codimension
one smooth well-localized set of initial data which generates finite-time
type-II blowup solutions, and then give a precise description of the
corresponding singularity formation. In our proof, both the Schr\"odinger part
and the heat part play important roles in the construction of approximate
solutions and the mixed Energy-Morawetz arguments. However, the blowup rate is
independent of their coefficients.
