Imagine Lithium Expands Strategic Land Package at Jackpot Project by 45%; Grants Options

Core Viewpoint - Imagine Lithium Inc. has expanded its strategic land package at the Jackpot Lithium Project by 45%, increasing its exploration area to 27,597 hectares in the Georgia Lake Pegmatite Field, which positions the company as the largest landholder in the region [1][3][11]. Land Acquisition - The acquisition includes the 'SPOD Lithium Option' of 8,449 hectares, creating a continuous land position between the Jackpot deposit and Rock Tech Lithium's Nama Creek deposit [2][3]. - The agreement, effective December 5, 2025, involves purchasing 100% undivided rights to the North Nipigon Lithium Property for CAD$30,000, subject to a 2% net smelter royalty [3][11]. Resource Highlights - The current mineral resource inventory at the Jackpot Project includes 3.1 million tonnes indicated at a grade of 0.85% Li₂O and 5.3 million tonnes inferred at a grade of 0.91% Li₂O [7][14]. - The resources are open along strike and to depth, indicating potential for further expansion [6]. Metallurgical Testing - Early metallurgical results suggest that the Jackpot mineralization can produce a high-grade spodumene concentrate suitable for the lithium battery supply chain, with a recovery rate of 81.5% Li₂O [8][14]. Future Exploration Plans - The strategic land acquisition complements future exploration plans and highlights the potential for discovering multiple open-pit, hard-rock lithium deposits in the Georgia Lake Pegmatite Field [6][11]. Options Grant - The company has granted 7,200,000 options to an officer and director, exercisable at $0.05 for a period of five years [9].