Imagine Lithium Completes $2.35 Million Private Placement, Strengthening Exploration Efforts

Imagine Lithium Inc ( (TSE:ILI) ) has shared an announcement.

Imagine Lithium Inc. has successfully closed the final tranche of its $2.35 million private placement, with funds allocated for corporate purposes and exploration at the Jackpot Lithium Project. The completion of this tranche has made Interway International LLC a significant shareholder, owning 19.88% of the company’s shares, which could influence Imagine Lithium’s strategic direction and shareholder value.

More about Imagine Lithium Inc

Imagine Lithium Inc. operates in the mining industry, focusing on lithium exploration and development. The company’s primary project is the Jackpot Lithium Project located in Ontario, Canada, which benefits from proximity to infrastructure such as highways and the port of Thunder Bay.

YTD Price Performance: 25.00%

Average Trading Volume: 98,896

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$6.93M

See more data about ILI stock on TipRanks’ Stock Analysis page.