As demand rises and supply falls, battery and energy metals stocks are becoming more critical.
From battery and wind turbine manufacturers to nuclear and hydrogen energy producers, and energy metals speculators, the industry is seeking a diversified, single source supplier.
Infinity Stone Ventures Corp. (CSE:GEMS) is engaged in developing battery metals projects powering the green revolution.
The opportunity:
This is a story worthy of investor attention as the team has acquired 100 per cent interest in seven critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.
Two of Infinity Stone’s projects are directly adjacent to lithium exploration companies, Patriot Battery Metals (PMET:TSXV) and Frontier Lithium (FL:TSXV), that have seen impressive increase and share price and market capitalization over the past months.
Infinity Stone is currently undertaking extensive drilling and exploration programs underway on three core projects.
Initial scoping of Buda Pegmatite Project has been completed and 55 samples were delivered for assay.
A work program has begun at its Galaxy Pegmatite Project and a geochemical survey has been completed on its Zen-Whoberi Copper-Cobalt Project.
Most recently, the Vancouver, British Columbia-based company secured an option to acquire the Thor Manganite project on the Magdalene Islands in Québec.
The property covers 6.9 sq. km. in two blocks of 5.8 sq. km and 1.1 sq. km., respectively, is highly prospective for manganite, an important manganese ore mineral.
A historical report on the property’s larger, northern block identified 10 diamond drill holes which were reported to have intersected significant manganese mineralization.
The report mentioned that there is “459,333 tons of mill feed ore, which, it is believed, will yield 153,111 tons of ferro-grade ore after beneficiation,” but the company warns that it is not treating the historical estimate as current mineral resources or mineral reserves.
The company has the right to acquire a 100 per cent interest in the property upon paying $15,000 in cash, issuing 350,000 subordinate voting shares within 30 days, and paying $25,000 in cash and issuing 650,000 shares within one year. The property is subject to a 2 per cent net smelter return royalty, half of which the company can buy back for $1 million.
The company’s CEO, Zayn Kalyan, stated that over the past months, the team has been working to acquire battery metals projects that would help turn the company into an aggregator and owner of energy metals mineral deposits that are in strong demand.
“With the addition of the Property, we have acquired five of the six stones, and we are actively working to round out the portfolio with the acquisition of the sixth.”
CEO Kalyan leads an experienced management crew with deep exploration experience has raised hundreds of millions for projects over the last 20 years.
The deal:
To advance its operations, GEMS is advancing its non-brokered private placement, seeking up to C$300,000 with an offering price at $0.15 per unit, which consists of one share and one 1/2 share warrant at $0.30.
Net proceeds will be used for general working capital.
The company recently closed a first tranche for gross proceeds of $201,250 and a second tranche for $199,250.
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