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Imagine Lithium Inc ( (TSE:ILI) ) just unveiled an update.
Imagine Lithium Inc. announced a private placement to raise $2.35 million through the issuance of flow-through and non-flow-through shares. The funds will support exploration activities at the Jackpot Lithium Project, aiming to expand lithium resources and pursue consolidation strategies to enhance shareholder value. The project’s advantageous location near infrastructure in Ontario positions it favorably within the North American lithium sector.
More about Imagine Lithium Inc
Imagine Lithium Inc. operates in the mining industry, focusing on lithium exploration and development. The company is engaged in advancing its Jackpot Lithium Project in Ontario, Canada, which is strategically located near infrastructure such as highways and the port of Thunder Bay.
YTD Price Performance: 25.00%
Average Trading Volume: 140,685
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.93M
Learn more about ILI stock on TipRanks’ Stock Analysis page.