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Imagine Lithium Signs Exploration Agreement with First Nations and Expands Land Package at Jackpot Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2022) -   IMAGINE LITHIUM  ...
About this update from Imagine Lithium Inc
[{"type":"text","content":"Imagine Lithium Signs Exploration Agreement with First Nations and Expands Land Package at Jackpot Lithium ProjectVancouver, British Columbia--(Newsfile Corp. - March 21, 2022) -  IMAGINE LITHIUM (TSXV: ILI) (OTCQB: ARXRF) (\"ILI\" or the \"Company\") is pleased to announce that it has signed a field exploration agreement (the \"Agreement\") with Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek and Red Rock Indian Band (the \"First Nations Groups\") setting out a framework for Imagine Lithium's consultation and accommodation activities with the First Nations Groups in connection with exploration activities at the Jackpot Lithium Project near Thunder Bay, Ontario.J. C. St-Amour, President and CEO of Imagine Lithium said, \"In keeping with Imagine Lithium's ESG goals, the agreement contemplates a mutual working relationship that includes respect for the environment and First Nation traditional knowledge, First Nation opportunities for employment, education and training (including education support for First Nations students studying in a mining related field), and community meetings and activities. Our exploration program at Imagine Lithium is underway and we seek to create value for all our important stakeholders as we move the Jackpot Lithium Project forward.\"St-Amour continued, \"Never has there been a better time to be involved in lithium exploration in Ontario, with the Provincial government unveiling its first ever critical minerals strategy that aims to position Ontario as a global leader in the supply chain of critical minerals and outlines a made-in-Ontario electric vehicle supply chain strategy. Our goal this year is to aggressively drill, define and expand the known lithium mineralized areas while making new lithium discoveries on this vast property in Ontario. Our current program is well funded and we are currently drilling on the property.\"Under the terms of the Agreement, Imagine Lithium has agreed to, among other things, grant an aggregate of 3,000,000 common share purchase warrants (\"Warrants\") to the First Nations Groups, with each First Nations Group receiving 1,000,000 Warrants. Each Warrant will entitle the holder thereof to purchase one common share in the capital of the Company (a \"Warrant Share\") at an exercise price of $0.11 per Warrant Share for a period of five years ...