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Infinite Ore Corp. (ILI.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1600-0.0100 (-5.88%)
At close: 03:59PM EST
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  • R
    Ron
    Lots of potential for patient hands, take a look at neighboring rock tech for potential comparable land packages
  • a
    alexander
    LAC is partner with Arena maybe ILI will be partner with Rock Lol
  • M
    Matt
    Let get it…early feb
  • C
    Caviar King
    With news of Chinese buying Canadian Co ( NEO) Lithium today, we should be seeing some promo. Quite disappointing to see no action here.
  • H
    Harold
    News today- This deal has been a long time wish list for management so
    provisions for enhanced payments for enhanced findings have been provided.
    The locals think this could be a major enhanced lithium project. Time will tell.
    Would expect winter drilling will bring the needed assays to stimulate interest.
    Infinite Ore Corp. (TSXV: ILI) (OTCQB: ARXRF) (the "Company") is pleased to announce that it has entered into an agreement (the "Purchase Agreement") with an arms length party increasing the Jackpot lithium project by acquiring a 100% interest in claims adjacent to those holding the historical resource of 2 million tons grading 1.09% Li2O. The newly acquired claims may hold the western extension of the pegmatite dykes that contain the historical resources.
    A sampling program completed in 2016 identified pegmatite showings on trend with the Jackpot pegmatite dykes that contain the historical resource. The showings are approximately 1.1 - 1.3 km to the WSW of the main Jackpot dykes. Grab samples results returned values as outlined in the following table:
    Assay Result Distribution
    Number of Samples Li2O (%)

    1 7.0 - 8.0
    3 6.0 - 7.0
    3 5.0 - 6.0
    6 4.0 - 5.0
    6 3.0 - 4.0
    8 2.0 - 3.0
    1 1.0 - 2.0
    1 0.5 - 1.0
    9 <0.5
    38 samples assayed
    (Source: Everton Resources Inc. news release, August 23, 2016)
    Figure 1: Map of Jackpot Property
    Under the terms of the Purchase Agreement, the Company will acquire a 100% interest in 87 claims for a consideration of C$225,000 in cash and 5,000,000 common shares in the capital of the company. In the event that the claims are demonstrated to contain a NI 43-101 compliant inferred resource in excess of 5,000,000 tons of Li2O, the Company shall make a bonus payment of 5,000,000 common shares. The vendor will retain a royalty consisting of a 2.5% Net Smelter Return. The Company, at its discretion, can purchase 1% of the royalty for cancellation for a purchase price of $1,000,000."

    The technical content of this news r
  • M
    Matias
    If I bought today would you think that would be a good buy?
  • C
    Caviar King
    I loaded up today. Looking forward to a spike in the next few days. 40 cents by Xmas will make me super duper happy 😃
  • g
    gary
    Is there news out ?
  • M
    Mo
    Another exciting day ahead!
  • s
    serioustoday
    Appears to be two Barbara Lakes in ON on the map.
    Is Jackpot close to Barbara Lake Thunderbay or Barbara Lake Algoma.
  • C
    Caviar King
    Very happy with my purchase last few weeks. Bought tons at 6,7 and 10 cents. 🤘🏼🤘🏼
  • 4
    4Profit
    Could not help but buy a few K at this SP.
  • C
    Caviar King
    This stock is going to be a 10x for me. Super excited about it.
  • 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!
  • M
    Mo
    Only good movement movement for this stock!
  • M
    Matt
    Will this ever get unrestricted on 212 so I could buy more??
  • B
    Brandon
    Got in years ago at 4c, loving this
  • 4
    4Profit
    WOW!! Down another 10%!!!
  • H
    Harold
    A massive dilution of shares proposed by management to raise significant monies for the development of Jackpot lithium holding.
    3 million dollars at .06 a share for 50 million shares. Plus 5 million dollars at .10 a warrant for another 50 million shares.
    8 million dollars should allow a major attempt to prove up a significant reserve if it is there!
    " Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) announces that it has arranged a non-brokered private placement of 50 million units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of $3,000,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") 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 $0.10 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.

    About Infinite Ore Corp.

    Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is focused on the exploration and development of its 100% owned Jackpot lithium property located near Nipigon, Ont."[B]
  • 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, "