Welcome to our dedicated page for Imagine Lithium news (Ticker: ARXRF), a resource for investors and traders seeking the latest updates and insights on Imagine Lithium stock.
Imagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) is a junior mining exploration company focused on acquiring world-class mineral projects. The company's Jackpot lithium property, situated in Georgia Lake, Ontario, is strategically located with access to key infrastructure. Recent drilling programs have revealed significant near-surface mineralization, expanding the potential resource base of the property. The ongoing exploration efforts aim to delineate new spodumene-bearing pegmatite zones across the extensive land package, enhancing the overall value and prospects of the project.
Infinite Ore Corp. (OTCQB:ARXRF) announced the acquisition of four lithium claims in Ontario, adding a historic resource of 750,000 tons with 1.38% Li2O to the existing Jackpot property, which holds 2 million tons at 1.09% Li2O. The Company will also initiate a 2,500 meter drill program on the Confederation North property to explore gold, copper, and silver anomalies. This program is planned for early March, marking a significant advancement in their exploration strategy near Red Lake, Ontario.
Infinite Ore Corp. announced encouraging drill results from its Jackpot Lithium Project in Ontario. The review uncovered multiple previously unreported holes intersecting over 1% Li2O, showcasing substantial lithium mineralization. The recently completed short drill holes averaged 10 m in depth, revealing significant lithium content, while longer holes extended the dyke swarm both north and south. The project sits near Rock Tech Lithium's planned production facility, with known historical resources estimated at 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O. These results enhance confidence in the project's lithium resource potential.
Infinite Ore Corp. (OTCQB: ARXRF) is reviewing technical data to enhance the potential of its 100% owned Jackpot Lithium project near Thunder Bay, Ontario. The project benefits from proximity to existing infrastructure and recent developments in the lithium market. The company is developing a 3D model from past drilling data to identify areas for expansion. Notable findings from past drilling include significant lithium grades, with a highlight of 7.23m at 2.47% Li2O. Additionally, 4,900,000 stock options have been granted to company officers and consultants.
Infinite Ore Corp. (TSX-V:ILI, OTCQB:ARXRF) has successfully closed an oversubscribed private placement of units. The Company issued 29,210,000 units for gross proceeds of $1,460,500 and 7,860,099 flow-through units for $471,605.94, totaling approximately $1.93 million. Each unit consists of one common share and a warrant, with an exercise price of $0.10. Funds will support ongoing geological work at the Eastern Vision project and general working capital. The offering is pending final approval from the TSX Venture Exchange.
VANCOUVER, BC / ACCESSWIRE / October 8, 2020: Infinite Ore Corp. (OTCQB:ARXRF) is increasing its private placement from 20,000,000 to 23,000,000 units at $0.05 each, raising $1,150,000. Additionally, it aims to raise $350,100 through 5,835,000 flow-through units at $0.06 each. Each unit comprises one common share and one warrant, while flow-through units consist of one flow-through share and half a warrant. Proceeds will fund geological work on the Eastern Vision project and general working capital. Closing is expected on or about October 15, 2020, pending TSX Venture approval.
Infinite Ore Corp. (OTCQB:ARXRF) announced a non-brokered private placement of up to 20 million units at $0.05 per unit, aiming to raise $1 million. Each unit consists of one share and one transferable share purchase warrant, allowing holders to buy an additional share at $0.10 within 24 months. Proceeds will fund exploration in Red Lake, Ontario, and general working capital. The offering is subject to TSX Venture Exchange acceptance. Infinite Ore is focused on acquiring high-potential mineral projects, including properties for VMS and gold mineralization.
Infinite Ore Corp. (OTCQB:ARXRF) has initiated a field exploration program on its Red Lake Eastern Vision project to target VMS and gold in undrilled regions. The exploration will include a mapping and sampling program on properties adjacent to a recent high-grade gold discovery. The company plans to follow up with a drilling program in fall/winter. The Eastern Vision project features historic mineralization and potential for both VMS and gold, prompting positive prospects for the company.
Infinite Ore Corp. has appointed Jacques Trottier to its advisory board, emphasizing his extensive experience with VMS and gold deposits. J.C. St-Amour, the President, notes Mr. Trottier's expertise will enhance the company's technical team, particularly for the Eastern Vision properties. Mr. Trottier holds a PhD in economic geology and has over 30 years in mining exploration, including a pivotal role at Sulliden Exploration, where he significantly increased gold reserves. Infinite Ore focuses on acquiring world-class mineral projects globally, with current interests in VMS mineralization and lithium properties.
FAQ
What is the current stock price of Imagine Lithium (ARXRF)?
What is the market cap of Imagine Lithium (ARXRF)?
Where is Imagine Lithium Inc. located?
What is the focus of the company?
What is the significance of the Jackpot lithium property?
What are the recent achievements of Imagine Lithium Inc.?
How does the company's infrastructure impact its projects?
