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Imagine Lithium Inc. (ILI.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0600-0.0050 (-7.69%)
At close: 09:56AM EDT

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  • I
    Investor
    5 years = 3-5 dollars, I can wait!!!
  • H
    Hatori Hanzo
    More stock options. Management has to go! It’s a disaster
  • S
    SelldaSpikesMan
    wow. 30 shares traded so far after 2 1/2 hours...
  • H
    Harold
    MANAGEMENT IS PROVING SUCCESSFUL in obtaining rights to significant lithium deposits in Northern Ontario. while drilling must be completed
    to confirm 43-101 compliance, work already performed has been encouraging.
    "Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) is pleased to announce the acquisition of four additional lithium claims in Ontario having a historic resource of 750,000 tons yielding 1.38% Li2O*. This is in addition to the historical resource of 2 million tons at 1.09% Li2O* currently present on the Jackpot property. The new claims are contiguous to, and located within, the Company's Jackpot Property (see Figure 1). The claims contain the Newkirk-Vegan lithium showing that was discovered through exploration in the 1950's. Drilling at the time traced the Newkirk dike for 609 meters with an average thickness of 5 m.Figure 1: Location of acquired claims shown in yellow.J.C. St-Amour, President of Infinite Ore commented, "This property acquisition adds to our existing historical resources of 2,000,000 tons grading 1.09% Li2O*. We are pleased to be able to provide our shareholders exposure to lithium, gold and base metals exploration through our Jackpot and Eastern Vision properties."The Company's 100% owned Jackpot Lithium project is located in close proximity to the Georgia Lake lithium deposit, for which Rock Tech Lithium Inc. recently announced its intent to develop a lithium sulphate production facility located in Thunder Bay, Ontario.Infinite Ore acquired the claims through payments to an arms-length party of $10,000 cash and 300,000 common shares. The vendor retains a royalty of 1.0% on revenue generated from non-smelter elements from the Jackpot Claims and a 1.0% NSR. This may be purchased at any time for $500,000.00.Qualified PersonThe technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company as not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.About Infinite Ore Corp.Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, "
  • H
    Harold
    ENCOURAGING NEWS TODAY FROM MANAGEMENT. WE CAN LOOK FORWARD TO starting OF DRILLING IN MAJOR HOLDINGS IN RED LAKE AREA WHERE THE COMPANY HAS MAJOR HOLDINGS THAT HOPEFULLY WILL PROVE SIGNIFICANT MINERAL ASSETTS.
    PLUS COMPLETION OF ADDED LITHIUM HOLDINGS IN THE JACKPOT AREA TO INCREASE LITHIUM TOTALS.

    "Infinite Ore Corp. (the "Company") (TSXV:ILI is pleased to announce it has completed the acquisition of four additional lithium claims in Ontario having a historic resource of 750,000 tons yielding 1.38% Li2O* which is in addition to the historical resource of 2 million tons at 1.09% Li2O* currently present on the Jackpot property (see press release announcing acquisition January 18, 2021). The new claims are contiguous to, and located within, the Company's Jackpot Property. In addition, the Company is pleased to announce that it is planning a 2,500 meter drill program on the Confederation North property within its Eastern Vision Project claim holdings located east of Red Lake Ontario. The program will test gold, copper, and silver anomalies from its recent Spaciotemporal Geochemical Hydrocarbon ("SGH") survey conducted on the Confederation North property (see Figure 1). The drill program is expected to begin in early March.J.C. St-Amour, President of Infinite Ore commented, "The shareholders of Infinite Ore are in a somewhat unique position with exposure to two exceptional land packages in Ontario targeting gold, base metals and lithium. I am very pleased to have secured a drill and crew to begin drilling the Red Lake Eastern Vision properties. Using our soil samples as well as geophysics, our technical team has identified multiple high priority targets. Access to the property and logistics are very good and so I anticipate getting good value for our drilling dollars. I am also pleased to report that we closed our transaction to acquire more land near our Jackpot Lithium property. The Jackpot property is in a highly sought-after location given that our neighbour, Rock Tech Lithium, intends to construct a lithium processing facility in the area. More to come from us on both the Eastern Vision gold and base metals property and the Jackpot lithium project."Figure 1: Map of SGH anomalies and planned drill holes of the Confederation North property, Eastern Vision Project.The Company is earning into the Eastern Vision Project which consists of the Fredart, Garnet Lake, Confederation North, and Confederation South properties. Past exploration has focused on VMS targets within the Confederation Lake assemblage near Red Lake, Ontario. The Garnet Lake properties hold 43-101-compliant inferred mineral resources of 2.1 million tonnes grading 5.78% Zn, 0.72% Cu, 19.5 g/t Ag, and 0.6 g/t Au. The Fredart property contains an historical resource of 386,200 tonnes grading 1.56% Cu and 33.6 g/t Ag*.Qualified PersonThe technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company as not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.About Infinite Ore Corp.Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont."
  • H
    Harold
    Management makes major decision to divest controlling interest
    in part of Red Lake holdings and concentrate on Jackpot Lithium play. Smart move.
    "Infinite") (TSXV:ILI)(OTCQB:ARXRF) announced today that it has entered into a non-binding Letter of Intent ("LOI") with Trillium Gold Mines Inc. (TSXV:TGM) ("Trillium") whereby Trillium will acquire, subject to certain terms and conditions, all of Infinite's property holdings known as the Eastern Vision Project located in the Confederation Lake assemblage of the Birch-Uchi greenstone belt near Red Lake, Ontario (the "Proposed Transaction").

    Under the Proposed Transaction upon signing of a definitive agreement Trillium would issue 4,000,000 common shares of Trillium and pay $175,000 in cash to Infinite. In addition, Trillium would assume all of Infinite's cash paymen t commitments under its existing option agreements. Infinite would retain its share issuance obligations. The Eastern Vision project covers 19,438 hectares between the Fredart, Garnet Lake, Confederation North, and Confederation South properties.

    J.C. St-Amour, President of Infinite Ore, commented, "The Proposed Transaction will give Infinite exposure to a larger consolidated land package extending greater than 100 km in length in the Red Lake area as well as allow us to focus our exploration efforts on our 100% owned Jackpot Lithium project, located near Thunder Bay, Ontario. This project is proximal to Rock Tech Lithium's Georgia Lake lithium project. Rock Tech's intention to build a lithium processing facility in the area considerably changes the dynamics of the Jackpot project. That, coupled with the renewed market interest and growing demand for lithium, has compelled us to redouble our exploration on Jackpot. Keeping our capital structure in mind, today's proposed transaction would allow us to explore the potential of Jackpot without further shareholder dilution and still enable us to participate in the upside of Trillium's work in the Red Lake Mining District."

    The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is situated approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing pegmatite showings, including two that contain historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*. The Company recently completed a magnetic survey on Jackpot to identify structures on the property that would assist in locating high priority lithium targets for future drilling to add to the existing historical resources.
    About Infinite Ore Corp.
    Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont."
  • H
    Harold
    Management moving forward on winter exploration plans.
    Hopefully will provide some significant results towards gold finds.
    Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) is pleased to announce that it has added to its Easter Vision holdings through the acquisition of a 100% interest in 7 claims. The claims are contiguous to and located within the Company's Confederation North Property (see Figure 1). Confederation North is located on the Birch-Uchi greenstone belt approximately 40 km east of the town of Red Lake Ontario and 20 km East of Great Bear Resources Ltd.'s Dixie p

    In addition, the Company has completed a Spaciotemporal Geochemical Hydrocarbon ("SGH") survey on a portion of its Confederation North property and a VTEM survey on the property is approximately 38% complete and is expected to resume this week, with results expected in January. The Company plans to incorporate relevant information from both surveys to add gold targets to its VMS targets for the upcoming winter drill program. Results of the analysis will be released in the coming weeks.

    Infinite Ore acquired the claims through payments to an arms-length party of $7,000 cash and 100,000 common shares. The vendor retains a 1.5% Net Smelter Royalty which can be bought back for $1.5 million at any time.

    Qualified Person

    The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

    About Infinite Ore Corp.

    Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.
  • J
    James
    This company has a strong focus on acquiring new claims and consolidating their existing claims...over the years their have been acquiring new claims at more and more favourable deals. The management seems savvy and as the Toronto Exchange suffered this week volume reduced, proving shareholders are reluctant to let go of this gem.

    Also, their recent announcement that a lithium processing plant will be located near by is very promising...this stock is very undervalued and has strong potential.

    Ride the bull 🐂
  • H
    Harold
    A further raising of funds announced "Company") (TSXV:ILI)(OTCQB:ARXRF) announces that it has arranged an additional non-brokered private placement of 25 million units and flow-through units ("Units") at a price of $0.085 per Unit for aggregate gross proceeds of $2,125,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") or Flow-through share (Flow-through shares") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.11 per share. Proceeds raised from the Offering will be used towards exploration activities on the Company's Jackpot Lithium project and for general working capital and unallocated funds as per Tier 2 status requirements.

    Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.

    These offerings are subject to TSX Venture Exchange acceptance.
    GIVEN THAT MANAGEMENT ISN'T CRAZY AND THE MARKET SEEMS TO
    AGREE, THE RAISING OF FUNDS AT THESE PRICES SHOWS MANAGEMENT AND THE UNVESTORS BELIEVE THERE IS MORE THANSIGNIFICANT LITHIUM AT JACKPOT
    Time and assays will tell the real story!
  • H
    Harold
    Finally news from management of drilling to begin on Jackpot
    (the "Company") (TSXV:ILI)(OTCQB:ARXRF) is pleased to provide an update on its exploration and corporate activities. The Company recently mobilized a ground crew to sample target areas on its Jackpot lithium project. The areas of interest were generated from a recent high resolution geophysical survey completed on the Jackpot property. The survey, conducted by Novatem Airborne Geophysics, identified several east-west trending anomalies that reflect structures like that of the Jackpot lithium deposit itself.

    The ground crew sampled spodumene bearing pegmatites more than 300 m north-east of the 2018 drilling area. The pegmatites were observed over a strike length of approximately 900 m and appear to continue under cover to the north-east and under a small lake to the south-west. Infinite Ore is designing a drill program to test extensions of the Jackpot lithium deposit.

    J.C. St-Amour, President of Infinite Ore commented, "I am very pleased that we have identified pegmatite dykes outside the known Jackpot historical deposit area. These dykes appear to have extensive strike length and represent excellent targets for follow up exploration."

    St- Amour continued, "Our ground crew also investigated and sampled other areas on the property where additional pegmatite dykes were identified and need further investigation. Pegmatite dykes tend to occur in swarms and given the area has a thick overburden there is excellent potential to discover numerous other mineralized pegmatites, leading to additional drill targets. Our goal is to get aggressive on exploring the Jackpot project and to identify the lithium potential on this highly prospective package."

    The Company's 100% owned Jackpot project is near the Georgia Lake lithium deposit, for which Rock Tech Lithium Inc. recently announced its intent to develop a lithium sulphate production facility located in Thunder Bay, Ontario. The Jackpot property contains known pegmatite showings, includtons at 1.38% Li2O*.ing two that contain historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*..

    Sale of Eastern Vision
    On the corporate front, the Company is pleased to report that the sale of the Eastern Vision project to Trillium Gold Mines Inc. is progressing. The parties are working towards getting all necessary approvals for the sale with an anticipated closing in November 2021. Upon closing, the Company will receive 4,000,000 common shares of Trillium and a cash payment of $175,000.
  • P
    PianziDisano
    Looks like Infinite can pop this week riding the Silver hype driven by 'Reddit Army'. Silver futures already show 10% up this morning.
  • H
    Harold
    Many decades ago, I lived in Fort William, now part of
    ThunderBay.
    The mill planned by Roch Tech will need significant levels of lithium to justify the mill's costs. ILI already has stated
    they have a lithium resource of 2 million tons at around 1% lithium already on the property, so now the goal is to expand that resource with lots more high-grade ore.

    "J.C. St-Amour, President of Infinite Ore commented, "I am very pleased that we have identified pegmatite dykes outside the known Jackpot historical deposit area. These dykes appear to have extensive strike length and represent excellent targets for follow up exploration."

    St- Amour continued, "Our ground crew also investigated and sampled other areas on the property where additional pegmatite dykes were identified and need further investigation. Pegmatite dykes tend to occur in swarms and given the area has a thick overburden there is excellent potential to discover numerous other mineralized pegmatites, leading to additional drill targets. Our goal is to get aggressive on exploring the Jackpot project and to identify the lithium potential on this highly prospective package."
    My friends who still live in ThunderBay say there is much feelings of success of this project and that ILI has the potential of finding significant additional lithium deposits on their holdings!
    We can only wait and hope they are right!
  • P
    PianziDisano
    I'm in with 75,000 units at 0.08c CAD!! Lithium is the driver here!!!

    ps. Hello Harold!!!
  • C
    Caviar King
    Very happy with the momentum. Been a shareholder for a few Months and am not selling until 80-90 cents.
  • H
    Hatori Hanzo
    Vol is increasing as investors see potential of ILI, and compare Rock Tech’s success. Not only Lithium is the hottest sector, Canada is one of the best and “friendliest” sources of supply for EV makers. Rock Tech’s planned refinery in Germany is counting on Canada as one of the main sources of Lithium supply and guess who’s next door to their Canadian source! … with a tiny marketcap of Ili, it is a no brainer to pick up cheap shares. Once the market notices Rock Tech’s marketcap, this will 5-10x very quickly. Do your own DD. I’ve been in this thing for over a year and am LONG!
  • H
    Hatori Hanzo
    In at 0.11 .... long and strong
  • R
    Ron
    Just take a look at rock tech, not far from this land package. This may give some in site as to potential scale. This has huge potential!
  • j
    james
    Nice bought this first thing this morning, following the news, other trading account!!, and wow!!, like what I see!!buying more in the am!!
  • H
    Harold
    • }Canada Nickel held talks with U.S. government on supplying metal for EV batteries
    Canada Nickel has held talks with U.S. government officials about potentially supplying nickel for electric car
    batteries, its chief executive said, amid mounting concern in Washington about China's dominance of global
    supply chains."
    LITHIUM IS ALSO A LIMITED QUANTITY IN NORTH AMERICA