Imagine Lithium Inc. V.ILI

Stockwatch Diamond & Specialty Minerals Summary for Nov. 15

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 Diamond & Specialty Minerals Summary for Nov. 15, 2022 2022-11-15 20:44 ET - Market Summary by Will Purcell J.C. St-Amour's Imagine Lithium Inc. ( $ILI ) was unchanged at eight cents on 122,000 shares. The company has hired a contractor to handle metallurgical testing of material from its Jackpot lithium project in Northern Ontario. This is a necessary step in the sales process of lithium products, the company says, including direct shipping ore, lithium concentrate, lithium carbonate and lithium hydroxide monohydrate. Mr. St-Amour, president and CEO, says that the sample material is expected to come from the Jackpot Main zone, which is believed to be representative of other zones discovered so far on the property. "Given the current elevated pricing environment for lithium products," he enthused, "we are considering multiple commercial opportunities for our lithium products in tandem with exploration." Imagine has been a busy driller at Jackpot this year, producing a series of encouraging assays, starting with an eight-metre interval averaging 1.28 per cent lithium oxide in May and most recently, a 21-metre hit that averaged 1.16 per cent lithium oxide. Even so, much work is needed before Imagine does more than envisage a mine. The company has a historical resource at Jackpot across two pegmatite dikes, about two million tons averaging 1.09 per cent lithium oxide in one and 750,000 tons at 1.38 per cent in the other.