Imagine Lithium Developing
Imagine Lithium
Developing
Imagine and Rock Tech to
partnerships, and joint exploration and development of their lithium projects.
The companies want to establish a reliable raw material supply chain to support Rock Tech's
proposed lithium converter along Lake Superior's North Shore.
Imagine's Jackpot Project is only 15 kilometers away from Rock Tech's proposed Georgia Lake
concentrator, and the adjacent properties total approximately 25,000 hectares in the Northern
Spodumene Pegmatite area.
Vancouver, British Columbia
(OTCQB: ARXRF) (the "Company" or "Imagine")
strategy by entering into a memorandum of understanding
(RCK.V)(“Rock Tech”) to explore cooperation opportunities, including but not limited to
commercial partnership structures, M&A schemes, joint exploration and development of their
projects. The two companies
properties with the joint target to develop a reliable raw material supply chain
Tech's proposed lithium converter
Rock Tech's Georgia Lake property, spanning approximately 5,700 hectares, and Imagine's
Jackpot Project, which encompasses nearly 19,000 hectares, share contiguous boundaries
between both companies’ respective projects
Creek Road . Further, the Jackpot Project is strategically situated within 15
planned Georgia Lake concentrator in the Northern Spodumene Pegmatite
companies have been actively engaged in exploration drilling, resultin
significant spodumene-bearing pegmatites and expanding on known resources.
"The growth potential is enormous if we collaborate with our neighbours in this area. We have
already demonstrated that we can derive real economic value
Northern Spodumene Pegmatite
Spodumene Pegmatite area with our neighbour provides a genuine opportunity to
region into a leading lithium hub
Imagine Lithium's J.C. St
opportunities, "Given the proximity of our projects to each other,
would only strengthen the potential economics of a standalone development in the Nipigon
area, strategically proximal to the downstream opportunities.
drilling success in the main Jackpot
spodumene bearing pegmatites across our extensive landholding. Following the upcoming
winter drill program, we expect to release a
2024. In addition, Imagine remains well funded, following a $9
The collaboration between the
shareholders, including joint exploration
shared infrastructure development.
interests. Rock Tech will also
align with the execution of its conver
Imagine Lithium and Rock Techto Collaborat
ing Northern Ontario Supply Chain
to collaborate on exploring potential mergers and acquisitions, commercial
partnerships, and joint exploration and development of their lithium projects.
The companies want to establish a reliable raw material supply chain to support Rock Tech's
hium converter along Lake Superior's North Shore.
Imagine's Jackpot Project is only 15 kilometers away from Rock Tech's proposed Georgia Lake
concentrator, and the adjacent properties total approximately 25,000 hectares in the Northern
area.
ancouver, British Columbia ,(14November 2023) IMAGINE LITHIUM INC. (TSXV: ILI)
(OTCQB: ARXRF) (the "Company" or "Imagine") is strengthening
entering into a memorandum of understanding with
to explore cooperation opportunities, including but not limited to
commercial partnership structures, M&A schemes, joint exploration and development of their
he two companies willexplore proximal synergies between the
target to develop a reliable raw material supply chain
lithium converter along Lake Superior’s North Shore.
Rock Tech's Georgia Lake property, spanning approximately 5,700 hectares, and Imagine's
Jackpot Project, which encompasses nearly 19,000 hectares, share contiguous boundaries
respective projects , which are internally connected by
. Further, the Jackpot Project is strategically situated within 15
planned Georgia Lake concentrator in the Northern Spodumene Pegmatite
companies have been actively engaged in exploration drilling, resultin g in the identification of
bearing pegmatites and expanding on known resources.
"The growth potential is enormous if we collaborate with our neighbours in this area. We have
already demonstrated that we can derive real economic value from mineral resources in our
Northern Spodumene Pegmatite area. Developing accretive synergies in the Southern
rea with our neighbour provides a genuine opportunity to
lithium hub," said Robert MacDonald, General Manager of Rock Tech.
J.C. St -Amour, President, also appreciates the joint development
Given the proximity of our projects to each other, collaboration with RockTech
only strengthen the potential economics of a standalone development in the Nipigon
area, strategically proximal to the downstream opportunities. Imagine continues to have ongoing
drilling success in the main Jackpot zone, as well as defining multiple new a
spodumene bearing pegmatites across our extensive landholding. Following the upcoming
winter drill program, we expect to release a 43-101 resource estimate for the property in Q2 of
magine remains well funded, following a $9.1 M placement in April.
collaboration between the two companies will unlock and deliver significant value for
joint exploration, processing ore in a centrally located
shared infrastructure development. In the coming weeks, both companies
will also reassess its target date for starting operations at Georgia Lake to
align with the execution of its converter strategy.
Collaborateon
Northern Ontario Supply Chain
collaborate on exploring potential mergers and acquisitions, commercial
partnerships, and joint exploration and development of their lithium projects.
The companies want to establish a reliable raw material supply chain to support Rock Tech's
Imagine's Jackpot Project is only 15 kilometers away from Rock Tech's proposed Georgia Lake
concentrator, and the adjacent properties total approximately 25,000 hectares in the Northern
IMAGINE LITHIUM INC. (TSXV: ILI)
strengthening its Northern Ontario
with Rock Tech Lithium
to explore cooperation opportunities, including but not limited to
commercial partnership structures, M&A schemes, joint exploration and development of their
theadjacent and nearby
target to develop a reliable raw material supply chain to support Rock
Rock Tech's Georgia Lake property, spanning approximately 5,700 hectares, and Imagine's
Jackpot Project, which encompasses nearly 19,000 hectares, share contiguous boundaries
, which are internally connected by the Gorge
. Further, the Jackpot Project is strategically situated within 15 kilometres of the
planned Georgia Lake concentrator in the Northern Spodumene Pegmatite area. Both
g in the identification of
bearing pegmatites and expanding on known resources.
"The growth potential is enormous if we collaborate with our neighbours in this area. We have
mineral resources in our
Developing accretive synergies in the Southern
rea with our neighbour provides a genuine opportunity to transform the
MacDonald, General Manager of Rock Tech.
also appreciates the joint development
collaboration with RockTech
only strengthen the potential economics of a standalone development in the Nipigon
Imagine continues to have ongoing
, as well as defining multiple new a nd exciting
spodumene bearing pegmatites across our extensive landholding. Following the upcoming
resource estimate for the property in Q2 of
M placement in April."
deliver significant value for
centrally located concentrator, and
companies will assess the mutual
target date for starting operations at Georgia Lake to
Map of Rock Tech’s Georgia Lake and Imagine’s Jackpot Projects in the Nipigon and Red
Rock area, Ontario.
About Rock Tech
Rock Tech is a cleantech company with operations in Canada and Germany on a mission to
produce lithium hydroxide for electric vehicle batteries. The Company plans to build lithium
converters at the doorstep of its customers, to guarantee supply-chain transparency and just-in-
time delivery, beginning with the Company’s proposed lithium hydroxide merchant converter
and refinery facility in Guben, Germany. To close the most pressing gap in the clean mobility
story, Rock Tech has gathered one of the strongest teams in the industry. The Company has
adopted strict environmental, social and governance standards and is developing a proprietary
refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to
source raw material from its wholly-owned Georgia Lake spodumene project located in the
Thunder Bay Mining District of Ontario, Canada, as well as procuring it from other responsibly
producing mines. In the years to come, the Company expects to also source raw material from
discarded batteries. Rock Tech's goal: to create a closed-loop lithium production system.
www.rocktechlithium.com
About Imagine Lithium
Imagine is a junior mining exploration company focused on seeking and acquiring world-class
mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake
area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the
TransCanada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports.
The property contains known lithium-bearing granitic pegmatite dikes, of which two provided
estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O.
FOR FURTHER INFORMATION
Imagine Lithium:
J.C. St-Amour, phone: +1 (604) 683 3995;
email: [email protected]
Rock Tech:
André Mandel, phone: +49 (0) 2102 89 41 116;
email: [email protected],
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute “forward-looking information” under
applicable securities laws and are referred to herein as “forward-looking statements”. All
statements, other than statements of historical fact, which address events, results, outcomes or
developments that the Company expects to occur are forward-looking statements. When used
in this news release, words such as “expects”, “anticipates”, “plans”, “predicts”, “believes”,
“estimates”, “intends”, “targets”, “projects”, “forecasts”, “may”, “will”, “should”, “would”, “could” or
negative versions thereof and other similar expressions are intended to identify forward-looking
statements. In particular, this press release contains forward-looking information pertaining to
the outcome of the site assessment together with RRIB-BMI JV LP and its partners, regulatory
decisions and outcomes; anticipated construction and its costs, schedules and completion
dates; access to capital markets and other sources of financing; the supply and demand for,
deliveries of, and the level and volatility of prices of, intermediate and final Lithium products;
future exchange and interest rates; general business and economic conditions; the costs and
results of development, exploration and operating activities; Rock Tech's ability to procure
supplies and other equipment necessary for its business; and the accuracy and reliability of
technical data, forecasts, estimates and studies;; Rock Tech's opinions, beliefs and
expectations regarding the outcome of the MoU, the Company's own business strategy,
development and exploration opportunities and projects, and plans and objectives of
management for the Company's operations and properties; and RRIB-BMI JV LP’s ability to
procure supplies and other equipment necessary for their business; the pending development of
the Red Rock port area, their accuracy and reliability of technical data, forecasts, estimates and
studies.
Forward-looking statements by their nature are based on assumptions and involve known and
unknown risks, uncertainties and other factors which may cause the actual results to differ
materially from the forward-looking statements. There may also be other factors that cause
actual results to differ materially from the forward-looking statements, including the risks,
uncertainties and other factors discussed in the Company’s most recent management’s
discussion and analysis and annual information form filed with the applicable securities
regulators, or known and unknown risks and uncertainties that may the Company's ability to
access additional funding required to invest in available opportunities and projects (including the
Converter Project and the Georgia Lake Project).
No assurances can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, and the Company cautions the reader not to place undue
reliance upon any such forward-looking statements. The Company does not intend, nor does it
assume any obligation to update or revise any of the forward-looking statements, whether as a
result of new information, changes in assumptions, future events or otherwise, except to the
extent required by applicable law.