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. 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.
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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.