Imagine Lithium Hires SGS Lakefield for Metallurgy Testing on Jackpot Lithium Property and Provides Corporate Update
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
Imagine Lithium Hires SGS Lakefield for Metallurgy
Testing on Jackpot Lithium Property and Provides
Corporate Update
November 14, 202 2 Vancouver, BC, Canada – IMAGINE LITHIUM INC. (the
“Company” or “Imagine”) (TSX-V: ILI) (OTCQB: ARXRF) has entered into a
contractual agreement with SGS Natural Resources in Lakefield, ON to carry out
metallurgical testing on lithium ore from the Jackpot Lithium project. This is a
necessary step in the sales process of lithium products including: direct shipping ore,
lithium concentrate, lithium carbonate and lithium hydroxide monohydrate. Sample
material is anticipated to come from the Jackpot Main Zone area and is believ ed to
be representative of other zones discovered to date on the property.
SGS is a recognized world leader in lithium analysis and will evaluate the ore and
produce spodumene concentrate up to 6% Li 2O. This is an essential step in the
development and opt imization of the process to produce a battery grade lithium
hydroxide monohydrate and lithium carbonate.
“Given the current elevated pricing environment for lithium products from direct
shipping ore, to concentrate , to fully processed lithium carbonate and lithium
hydroxide, we are considering multiple commercial opportunities for our lithium
products in tandem with exploration . Metallurg ical analysis and results are an
important input in the customer engagement proc ess,” said JC St-Amour, President
and CEO of Imagine Lithium.
The drill program at Jackpot is ongoing with a number of samples awaiting assay
results. The Company will provide an update as results become available.
Corporate Update
Further, the Company announces that the board of directors has granted 1, 750,000
options to officers and directors of the company pursuant to its stock option plan. The
options will be exercisable for a period of 5 years from the date of grant at a price of
$0.075 per option, and vest immediately.
About SGS
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
SGS is the world's leading testing, inspection and certification company. SGS is
recognized as the global benchmark for quality and integrity. With more than 96,000
employees, SGS operates a network of over 2,700 offices and laboratories around the
world. We are constantly looking beyond customers' and society's expectations in
order to deliver market leading services wherever they are needed. Working together
to make the world a better, safer place.
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples
collected from the core material obtained from the Jackpot property. The protocol
included the insertion and monitoring of appropriate reference materials, in this case
high concentration and low concentration cert ified OREAS lithium standards, blanks
and duplicates, to validate the accuracy and precision of the assay results. All
collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core
shack under the supervision of professional geologists. Sample bags were then put in
rice pouches and kept securely before being sent by road transport to the Actlabs
laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-
OES method (8-Li package).
Qualified Person
The 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.
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of
Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway
(Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake
Superior. 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*.
About Imagine Lithium Inc.
Imagine Lithium is a junior mining exploration company focused on seeking and
acquiring world -class mine ral projects. The company holds the Jackpot lithium
property located near Nipigon, Ont ario, Canada, which contains known pegmatite
showings including two historical resources of 2 million tons grading 1.09% Li2O and
750,000 tons at 1.38% Li2O.
* The estimates presented above are treated as historical information and have not been verified or relied
upon for economic evaluation by the Company. These historical mineral resources do not refer to any
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
category of sections 1.2 and 1.3 of NI-43-101 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. Th e
Company has not done sufficient work yet to classify the historical estimates as current mineral resources
or mineral reserves.
ON BEHALF OF THE BOARD
“J.C. St-Amour”
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements,
which relate to future events or future performance and reflect management’s current
expectations and assumptions. Such forward -looking statements reflect management’s
current beliefs and are based on assumptions made by and information currently available to
the Company. Investors are cautioned that these forward-looking statements are neither
promises nor guarantees and are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These forward -looking statements are made
as of the date hereof and, except as required under applicable securities legislation, the
Company does not assume any obligation to update or revise them t o reflect new events or
circumstances. All the forward-looking statements made in this press release are qualified by
these cautionary statements and by those made in our filings with SEDAR in Canada (available
at WWW.SEDAR.COM).