# Imagine Lithium Announces Private Placement to Raise $2.35 Million Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/imagine-lithium-announces-private-placement-to-raise-2-35-million--c6405720-06af-4466-965a-ecd4cb102807 Original source: https://money.tmx.com/en/quote/ILI/news/6271629316865281/imagine-lithium-announces-private-placement-to-raise-2-35-million Publisher: tmx Original announcement: 2025-02-25T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Imagine Lithium Inc. - Ticker: ILI - Exchange: TSX - Region: Ontario - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update, Capital raise - Extracted: 2026-09-12 07:27:12 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Imagine Lithium has announced a non-brokered private placement to raise approximately $2.35 million through the sale of flow-through and common shares. The proceeds are intended for exploration expenditures at the Jackpot Lithium Project in Ontario and general corporate purposes. Reasoning: The company is raising capital at a significant premium to support exploration, while also restating its current lithium resource base. - Positive factor: successful capital raise of $2.35M - Positive factor: premium of 83.6% over previous closing price - Positive factor: funds earmarked for exploration at Jackpot Lithium Project - Positive factor: reiteration of existing lithium resources - Negative factor: dilutive private placement Facts used in scoring: 2 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document restates the existing lithium resource for the Jackpot property. Evidence · text > The Property contains NI 43-101 compliant Mineral Resources of 3.1 Mt grading 0.85% Li 2 O in the Indicated category and 5.3 Mt grading 0.91% Li 2 O in the Inferred category **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource is explicitly stated to be NI 43-101 compliant. Evidence · text > The Property contains NI 43-101 compliant Mineral Resources ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/imagine-lithium-announces-private-placement-to-raise-2-35-million--c6405720-06af-4466-965a-ecd4cb102807#fact-resource-facts-0) Jackpot Lithium Project · lithium #### Identity - Project: Jackpot Lithium Project - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ILI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:cfc695ab968f285aa17b - Deposit or zone: Jackpot #### Resource Data - Category: indicated - Tonnes: 3100000 - Grade: 0.85 - Grade Unit: % Li2O #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-02-25T00:00:00.000Z Reasoning: Restatement of existing indicated resource. - Positive factor: Indicated category status Evidence · text > 3.1 Mt grading 0.85% Li 2 O in the Indicated category #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/imagine-lithium-announces-private-placement-to-raise-2-35-million--c6405720-06af-4466-965a-ecd4cb102807#fact-resource-facts-1) Jackpot Lithium Project · lithium #### Identity - Project: Jackpot Lithium Project - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ILI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:730a8a219728d15da931 - Deposit or zone: Jackpot #### Resource Data - Category: inferred - Tonnes: 5300000 - Grade: 0.91 - Grade Unit: % Li2O #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-02-25T00:00:00.000Z Reasoning: Restatement of existing inferred resource. - Positive factor: Inferred resource presence - Negative factor: Inferred category is speculative Evidence · text > 5.3 Mt grading 0.91% Li 2 O in the Inferred category #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.