- Infinity Stone Ventures Corp. (GEMS) has signed a property option agreement with Quartier Minerals Inc.
- The company will acquire up to a 100 per cent interest in the Galaxy Pegmatite project
- Upon closing of the acquisition, Quartier will retain a 2.5 per cent net smelter returns royalty over production from the project
- The Galaxy Pegmatite project covers 22 mineral claims and 2 pending claim applications covering 1,411 hectares in southern Quebec
- Infinity Stone is a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio
- Infinity Stone Ventures Corp was unchanged at $0.17 at 09:39 ET
Infinity Stone Ventures Corp. (GEMS) has signed a property option agreement with Quartier Minerals Inc.
The agreement is to acquire up to a 100 per cent interest in the Galaxy Pegmatite project located near Mont-Laurier, Quebec.
At the completion of the acquisition, Quartier will retain a 2.5 per cent net smelter returns royalty over production from the project, subject to the company’s right to repurchase 1 per cent of the NSR for $1,500,000.
A recent field survey of the project site recovered a sample of lithium bearing Spodumene. The company intends to conduct further exploration of the project in the coming weeks.
The Galaxy Pegmatite project covers 22 mineral claims and 2 pending claim applications covering 1,411 hectares in southern Quebec, approximately 45 kilometres northwest of Mont-Laurier, Quebec and 140 kilometres north of the city of Gatineau, Quebec.
There is good access to all parts of the property from road La Vérendrye 13, via the Trans-Canada Highway (Hwy QC-117), which traverses roughly through the middle of the Property.
The property is underlain by at least 30 pegmatite exposures representing 30 pegmatite dikes of Laurentian or more recent rocks of the Precambrian Grenvillian Series.
The five minerals associated with the pegmatites are lepidolite, columbite, samarskite, euxenite, and thorianite. The property is largely covered by quaternary till.
Infinity Stone is a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio.
Infinity Stone Ventures Corp was unchanged at $0.17 at 09:39 ET.
