Imagine Lithium Inc. reports exploration and corporate developments tied to the Jackpot Lithium Project in Ontario's Georgia Lake Pegmatite Field. News commonly covers diamond drilling, channel sampling, prospecting, geological mapping, soil and surface sampling, and discoveries of lithium-bearing granitic pegmatite dikes across zones such as Casino Royale and Ruth.
Company updates also include NI 43-101 mineral resource and technical-report disclosures, metallurgical testing for spodumene concentrate, land-package expansion around the Jackpot property, option grants, and board or management changes. The recurring focus is the advancement of a hard-rock lithium exploration project near Thunder Bay with established mineral resources and additional pegmatite targets.
Imagine Lithium (OTCQB: ARXRF, TSXV: ILI) outlined a Fall 2026 exploration program for its 27,597 ha Jackpot Project in the Georgia Lake Pegmatite Field and confirmed closing of a $3.0 million secured convertible note financing. Current NI 43-101 mineral resources at Jackpot total 3.1 Mt indicated at 0.85% Li2O and 5.3 Mt inferred at 0.91% Li2O. Six key target zones, including Jackpot South, Blay Lake, Newkirk SW, Cosgrave North, Jackpot West and Jackpot Southwest, have been prioritized based on lithium-in-soil anomalies and spodumene-bearing samples.
The Fall 2026 work will expand resources at the Casino Royale deposit, drill the Ruth Pegmatite, advance several blind targets for a Winter 2027 drill program, and progress metallurgical, engineering, environmental baseline and permitting work. The 7.0% secured Convertible Notes mature in five years, are convertible at $0.05 per share in year one and $0.10 thereafter, and are secured by a first-ranking general security interest over all company assets. The investor receives a right of first refusal on any lithium offtake, and a finder was compensated with 3,600,000 shares, subject to a 12‑month plus one day resale restriction. The financing has conditional TSXV approval and remains subject to final approval.
Imagine Lithium (OTCQB: ARXRF) announced a 2,800 m drill program at its Jackpot lithium project in the Georgia Lake Pegmatite Field, Ontario, and a fully subscribed $3,000,000 private placement of 7.0% secured convertible notes.
The program includes 1,200 m of drilling to expand the Casino Royale zone, which currently hosts 3.1 Mt indicated at 0.85% Li2O and 5.3 Mt inferred at 0.91% Li2O, and 1,600 m of exploration drilling at the newly discovered Ruth Pegmatite. Results are intended to upgrade the company’s NI 43-101 compliant resources on its 27,597 ha land package.
The convertible notes, issued to one arm’s length investor, bear 7.0% annual interest, mature in five years, and are secured by a first-ranking general security interest over all present and after-acquired assets. They are convertible in $500,000 increments at $0.05 per share in year one and $0.10 per share thereafter. The investor will also receive a right of first refusal on any lithium offtake. Closing is subject to TSX Venture Exchange approval and potential finders’ fees.
Imagine Lithium (OTCQB: ARXRF) reported channel sampling results from the newly exposed Ruth Pegmatite on the Jackpot project (Foster-Lew claims) in Ontario on January 19, 2026. Ruth was exposed over a 233 m strike (0.157 ha) and returned notable intervals including 1.34% Li2O over 9.10 m, 1.15% Li2O over 7.70 m, 1.11% Li2O over 6.35 m and 1.44% Li2O over 4.85 m. Samples were processed at AGAT Laboratories with sodium peroxide fusion and ICP finishes; QA/QC included standards, blanks and duplicates. The company notes Ruth is open in all directions and untested at depth, and positions the discovery as adding to the project’s existing mineral resource inventory (3.1 Mt indicated at 0.85% Li2O and 5.3 Mt inferred at 0.91% Li2O).
Imagine Lithium (OTCQB: ARXRF) expanded its Jackpot Lithium Project land package by 45%, adding the 8,449 ha 'SPOD Lithium Option' to reach 27,597 ha in the Georgia Lake Pegmatite Field (effective Dec 5, 2025).
The 18-claim addition was purchased for CAD$30,000 and carries a 2% NSR held by Jadeite Capital. Imagine cites its NI 43-101 Mineral Resource: Indicated 3.1 Mt @ 0.85% Li2O (26,200 t contained) and Inferred 5.3 Mt @ 0.91% Li2O (49,500 t contained), with an MRE effective date of Sept 3, 2024.
Metallurgical test work reported an 81.5% recovery producing a 6.0% Li2O spodumene concentrate. The company also granted 7,200,000 stock options at $0.05 exercisable for five years.
Imagine Lithium (OTCQB:ARXRF) reported a NI 43-101 MRE for the 100% owned Jackpot Lithium Project near Thunder Bay, Ontario, with an Indicated resource of 3.1 Mt @ 0.85% Li2O (26,200 t contained Li2O) and Inferred resource of 5.3 Mt @ 0.91% Li2O (49,500 t contained Li2O) at a 0.30% Li2O pit-constrained cut-off (effective date: Sept 3, 2024). Metallurgical testwork by SGS on a 200 kg composite returned a 6.0% Li2O spodumene concentrate at 81.5% recovery (used in MRE assumptions). Surface programs yielded notable drill and channel results (e.g., 0.92% Li2O over 35.10 m; 65.10 m @ 1.10% Li2O) and identified new targets and LCT soil anomalies >2 km. An aggressive 2026 expansion drilling and metallurgical optimization program is planned alongside baseline environmental work.
Imagine Lithium (OTCQB:ARXRF) reported results from its 2025 field program on the Jackpot property (18,800 ha) in the Georgia Lake Pegmatite Field on October 3, 2025. Prospecting and mapping identified six new spodumene mineralized zones outside the current resource envelope. From 145 surface grab samples, peak assays include 4.155%, 3.918% and 3.596% Li2O, and 34 samples returned >0.10% Li2O. The company plans permitting for diamond drilling and bedrock stripping on five new zones for winter–spring 2026. Existing project MRE: 3.1 Mt indicated @0.85% Li2O and 5.3 Mt inferred @0.91% Li2O. QA/QC protocols and an independent QP reviewed the technical content.
Imagine Lithium (OTCQB: ARXRF) has appointed Simone Sze Man Suen as its new President and director, following her joining the Board of Directors in 2024. Ms. Suen brings over 20 years of international experience in the resources sector, particularly in mining project development across Australia.
Ms. Suen's notable achievements include founding the Bald Hill Tantalum/Lithium Project in Western Australia and leading its successful listing on the Singapore Exchange in 2014. She previously served as Executive Director at Alliance Mineral Assets Limited and held director positions at Cassini Resources Ltd and Caspin Resources Ltd. The appointment follows the departure of J.C. St-Amour, who is stepping down as President and director to pursue other opportunities.
Imagine Lithium (TSXV: ILI) (OTCQB: ARXRF) has appointed Sufan Siauw to its Board of Directors, effective immediately. Siauw, who serves as President and CEO of Interway International (a major shareholder of Imagine), brings expertise as an entrepreneur and investor in the new energy sector, with specialization in mining and critical minerals in Australia. He holds an MBA from Loyola Marymount University and has a track record of investing in multiple ventures focused on sustainable energy advancement.
Imagine Lithium (ARXRF) has reported results from its fall 2024 diamond drill program at the Jackpot lithium project in Ontario. Key findings at the Casino Royale Zone include intersections of 1.08% Li2O over 11.50m and 0.81% Li2O over 8.80m. The company also announced a new discovery in the 500 Zone Extension, with channel samples showing 1.61% Li2O over 7.80m.
The 2024 field season included extensive geological mapping covering 2,100 ha, with collection of 127 surface grab samples, 908 soil samples, and 499 biogeochemical spruce tip samples. The company has completed 45,722m of drilling in 305 holes since 2018. The project currently has a Mineral Resource inventory of 3.1 Mt indicated (0.85% Li2O) and 5.3 Mt inferred (0.91% Li2O).
A new spodumene pegmatite dike was discovered north of Casino Royale Zone, exposed over 480m with grab samples ranging between 1.13% and 2.63% Li2O.
Imagine Lithium (TSXV: ILI) (OTCQB: ARXRF) has filed an independent NI 43-101 Technical Report supporting the previously announced Mineral Resource Estimate for its Jackpot Lithium Property. The report, prepared by P&E Mining Consultants Inc., is now available on the company's website and SEDAR+. Eugene Puritch, P.Eng., FEC, CET, President of P&E, serves as the independent Qualified Person for the report.
This filing follows the initial announcement of the Mineral Resource Estimate on September 03, 2024, and provides detailed technical information about the Jackpot Property's lithium resources. The report's availability on public platforms ensures transparency and allows investors and stakeholders to access comprehensive data about the property's potential.