Business
Imagine Lithium Hires SGS Lakefield for Metallurgy Testing on Jackpot Lithium Property and Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2022) - IMAGINE LITHIUM INC. 
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About this update from Imagine Lithium Inc
[{"type":"text","content":"Imagine Lithium Hires SGS Lakefield for Metallurgy Testing on Jackpot Lithium Property and Provides Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - November 14, 2022) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF)  (the \"Company\" or \"Imagine\") 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 believed 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% Li2O. This is an essential step in the development and optimization 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. Metallurgical analysis and results are an important input in the customer engagement process,\" 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 UpdateFurther, 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 SGSSGS 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. ...