Imagine Lithium - ARXRF STOCK NEWS

Infinite Ore Corp. (OTCQB:ARXRF) announced a non-brokered private placement of 25 million units at $0.085 each, totaling $2,125,000. Each unit includes a common or flow-through share and a warrant, allowing purchase of a share at $0.11 within 24 months. Proceeds will fund exploration on the Jackpot Lithium project and general working capital. The offering is subject to TSX Venture Exchange approval. Infinite Ore focuses on acquiring and exploring mineral projects, particularly the Jackpot lithium property in Ontario.

Infinite Ore Corp. has announced a non-brokered private placement, issuing 50 million units at $0.06 each, aiming for gross proceeds of $3 million. Each unit consists of one common share and one transferable share purchase warrant, allowing holders to purchase additional shares at $0.10 within 24 months. Funds from this offering will be allocated to exploration activities at the Jackpot Lithium project and for working capital. The offering awaits TSX Venture Exchange approval, and finder’s fees may apply.

Infinite Ore Corp. (OTCQB:ARXRF) has initiated exploration on its Jackpot lithium project after a successful high-resolution geophysical survey. The survey revealed multiple east-west anomalies linked to the Jackpot lithium deposit. The ground crew sampled spodumene-bearing pegmatites extending over 900 m, indicating potential for further exploration. Additionally, the company is progressing with the sale of the Eastern Vision project to Trillium Gold Mines Inc., expected to close in November 2021, resulting in a cash payment and common shares.

Infinite Ore Corp. (OTCQB: ARXRF) has identified new lithium exploration targets on its Jackpot property following a high-resolution geophysical survey. Conducted by Novatem Airborne Geophysics, the survey revealed several structural features aligned with lithium-rich pegmatite dykes. The company plans to mobilize a ground crew for further investigation this summer. The Jackpot project is located near the Georgia Lake lithium deposit, where Rock Tech Lithium is developing a facility. Historical resources on the property are estimated at 2 million tons at 1.09% Li₂O and 750,000 tons at 1.38% Li₂O.

Infinite Ore Corp. has announced a non-binding Letter of Intent with Trillium Gold Mines Inc. for Trillium to acquire the Eastern Vision Project in Ontario. The transaction includes the issuance of 4 million common shares and $175,000 in cash to Infinite, along with the assumption of cash obligations under existing option agreements.

Infinite plans to refocus its efforts on the Jackpot Lithium Project, located near Thunder Bay, Ontario, which has potential lithium resources. The company believes this shift will benefit shareholders by minimizing dilution and enhancing exploration opportunities.

Infinite Ore Corp. (OTCQB:ARXRF) has initiated a 2,500 meter drill program on its Confederation North property, part of the Eastern Vision Project in Ontario. This follows a recent Spaciotemporal Geochemical Hydrocarbon survey revealing potential gold, copper, and silver anomalies. The project is strategically located near significant mineral discoveries, enhancing its exploration potential. The company is also earning into an extensive land package with past exploration indicating promising mineral resources. The results of the drill program are highly anticipated by the management.