Imagine Lithium Inc (ILI) AI Stock Analysis

• Market Cap: C$11.92M
• Dividend Yield: N/A
• Average Volume (3M): 455.57K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.59
• Revenue Growth: N/A
• EPS Growth: -136.00%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 340,628,020
• 10 Day Avg. Volume: 163,205
• 30 Day Avg. Volume: 455,574
• PEG Ratio: -0.13
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.52
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$0.03 ▼(-25.00% Downside)

The score is driven primarily by weak operating and cash-flow fundamentals (no revenue, ongoing operating losses, and persistent cash burn) despite a low-risk balance sheet with no debt. Technicals are supportive with the stock trading above key moving averages and positive MACD, but valuation is challenged by a negative P/E and no dividend yield data.

Positive Factors

Zero debt, conservative balance sheet

Zero reported debt materially lowers financial distress and refinancing risk for an exploration-stage miner. This durable capital structure gives management flexibility to fund programs via equity or partners, preserving operations through commodity cycles and reducing solvency vulnerability.

Sizable and growing equity base

A larger equity base strengthens the company’s balance sheet and underpins exploration assets. Durable equity growth increases available capital for drilling and project advancement without adding leverage, improving runway and bargaining power in joint-venture or capital-raise negotiations.

Improvement in reported net income (2024–2025)

Reported net income turning positive across consecutive years can expand strategic options and improve access to capital if sustained. While current gains appear non-operating, recurring profitability would reduce reliance on financing and support long-term project investment decisions.

Negative Factors

No revenue generated

Absence of operating revenue is a durable constraint: it limits internal cash generation and makes the business fully reliant on external financing or asset sales to fund exploration. This undermines scalability and increases dilution risk over multiple financing cycles.

Consistent negative operating and free cash flow

Persistent negative operating and free cash flow demonstrate ongoing cash burn to fund activities. Over the medium term this creates structural funding needs, pressures liquidity, and forces recurring capital raises which can dilute shareholders and constrain long-term project development.

Operating losses and weak profitability quality

Sustained operating losses indicate the core exploration business is not yet cash-generative. Reported net profits driven by non-operating items raise concerns about earnings quality and repeatability, meaning operational improvements are required before profits can be viewed as durable.

Imagine Lithium Inc Business Overview & Revenue Model

Company Description

Imagine Lithium Inc., a junior mineral exploration company, acquires, explores, and evaluates mineral properties in North America. Its flagship project is the 100% owned Jackpot Lithium property located in Thunder Bay, Ontario. The company was formerly known as Infinite Ore Corp. and changed its name to Imagine Lithium Inc. in February 2022. Imagine Lithium Inc. is headquartered in Vancouver, Canada.

How the Company Makes Money

Imagine Lithium Inc makes money primarily through the exploration and development of lithium mining projects. The company generates revenue by selling lithium extracted from its mining operations to manufacturers and suppliers in the electric vehicle and energy storage sectors. Additionally, ILI may engage in joint ventures or partnerships with other mining and technology companies to enhance its operational capabilities and expand its market reach. Revenue can also be influenced by fluctuations in global lithium prices, advancements in mining technology, and regulatory changes affecting the mining industry.

Imagine Lithium Inc Financial Statement Overview

Summary

Balance sheet strength (no debt and meaningful equity) reduces financial risk, but operating fundamentals are weak: no revenue, ongoing operating losses, and persistent negative operating/free cash flow. Recent net income profitability is not supported by cash flow, raising concerns about earnings quality and repeatability.

Income Statement

The company reports no revenue across the annual periods provided, which limits visibility into operating scalability. Operating profit remains negative (EBIT is a loss each year), signaling an early-stage/expense-heavy profile. Net income improved materially from a large loss in 2023 to profits in 2024 and 2025, but the positive earnings appear non-operating in nature given continued operating losses and no revenue, making profitability quality and repeatability a key concern.

Balance Sheet

The balance sheet is conservatively positioned with zero debt reported in all periods, which lowers financial risk and provides flexibility. Equity is sizable and has grown versus earlier years (notably higher than 2020–2021 levels), supporting the asset base. A watch-out is that returns on equity have been volatile (negative in 2021–2023, positive in 2024–2025), reflecting inconsistent bottom-line performance despite a stronger capital position.

Cash Flow

Cash generation is weak: operating cash flow is negative in every year shown, indicating the business is consuming cash to run operations. Free cash flow is also consistently negative, with a particularly large outflow in 2023 and a meaningful deterioration again in 2025 (free cash flow growth sharply negative). Despite reported net income turning positive in 2024–2025, cash flow did not follow, highlighting a gap between accounting earnings and cash reality.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-396.10K	269.13K	1.15M	1.28M	-861.00K	-573.00K
Net Income	-62.94K	269.13K	637.37K	-3.30M	-498.00K	-838.00K
Balance Sheet
Total Assets	20.39M	18.28M	19.19M	10.98M	13.01M	5.67M
Cash, Cash Equivalents and Short-Term Investments	1.58M	108.37K	3.11M	1.51M	4.82M	834.45K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	452.64K	192.72K	1.37M	275.63K	253.79K	145.73K
Stockholders Equity	19.94M	18.09M	17.82M	10.70M	12.75M	5.52M
Cash Flow
Free Cash Flow	-1.14M	-749.74K	-1.42M	-4.50M	-2.18M	-625.03K
Operating Cash Flow	-755.71K	-740.21K	-1.15M	-577.84K	-628.06K	-310.54K
Investing Cash Flow	-764.72K	-2.04M	-6.07M	-3.73M	-1.40M	-276.82K
Financing Cash Flow	2.35M	0.00	9.29M	409.05K	5.69M	1.13M

Imagine Lithium Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ILI, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.02 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ILI.

Imagine Lithium Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ILI	51 Neutral	C$11.92M	-38.89	-1.36%	―	―	-136.00%
SRA	49 Neutral	C$20.89M	-63.86	16.97%	―	―	―
NRM	47 Neutral	C$12.08M	-5.23	-41.21%	―	―	48.66%
VLI	46 Neutral	C$5.58M	-1.42	-22.75%	―	―	7.52%
OWLI	43 Neutral	C$5.34M	-3.73	―	―	―	11.84%
AWCM	33 Underperform	C$18.23M	-8.70	-17.86%	―	―	92.11%

Imagine Lithium Inc Corporate Events

Imagine Lithium Reports High-Grade Channel Samples From New Ruth Pegmatite at Jackpot Project

Imagine Lithium Inc. reported strong assay results from its 2025 bedrock stripping and channel sampling program at the newly discovered Ruth Pegmatite on the Foster-Lew claims within its Jackpot lithium project in northwestern Ontario, with highlighted intervals including 1.34% Li2O over 9.10 metres and several additional mineralized widths above 1% Li2O along a 233-metre exposed strike length that remains open in all directions. The company said the continuity and grades at Ruth, together with associated polymetallic quartz vein mineralization containing molybdenum, bismuth, and copper, underscore the potential to expand its lithium resource inventory at Jackpot and reinforce the project’s discovery upside and strategic positioning as a well-located hard-rock lithium asset in a developed infrastructure corridor.

The most recent analyst rating on (TSE:ILI) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Imagine Lithium Inc stock, see the TSE:ILI Stock Forecast page.

Imagine Lithium Expands Land Holdings at Jackpot Project by 45%

Imagine Lithium Inc. has expanded its land holdings by 45% at its Jackpot Lithium Project in the Georgia Lake Pegmatite Field, Ontario, through the acquisition of the ‘SPOD Lithium Option’. This strategic move positions Imagine as the largest landholder in the region, enhancing synergies with Rock Tech Lithium’s nearby project and supporting the potential development of Ontario’s first lithium deposit. The acquisition is expected to bolster Imagine’s exploration capabilities and resource inventory, furthering its goal of advancing lithium production in the area.