Infinity Stone Intersects 3.36% Cg over 101.0m, including 21.96% Cg over 4.32m at Rockstone Graphite Project

Highlights

Infinity Stone encounters 3.36% Cg and 0.13% Zn over 101.0m, including 21.96% Cg and 0.78% Zn over 4.32m from RS-22-03, 10.86% Cg and 0.42% Zn over 14.0m including 17.94% Cg and 0.60% Zn over 7.0m from RS-22-04, and 15.68% Cg and 0.56% Zn over 4.83m, including 24.05% Cg and 0.72% Zn over 2.33m from RS-22-01.
All of the drill holes from the Fall Drill Program which returned elevated graphite levels, with significant mineralization and grade comparable with drilling results from other graphite discoveries, including Nouveau Monde Graphite's Matawinie Mine.
Significant continued exploration potential with latest results, including the discovery of gold in VMS-type exhalite mineralization, intersecting 1.70 g/t Au over 2.0 m in RS-22-02.
Infinity Stone intends to immediately mobilise for an extended drill program to extend RS-22-02 to determine further gold mineralization, alongside additional step-out holes.

Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the "Company" or "Infinity Stone") is pleased to provide an update on its Fall drill program (the "Fall Drill Program") on the Rockstone Graphite project located near Thunder Bay, Ontario ("Rockstone" or the "Rockstone Graphite Project").

The Company has received assays for all of the drill holes from the Fall Drill Program, including RS-22-01, RS-22-02, RS-22-03 and RS-22-04, all of which returned elevated graphitic carbon (Cg) and zinc, with significant mineralization and grade comparable with drilling results from other graphite discoveries, including Nouveau Monde Graphite Inc.'s ("Nouveau Monde") Matawinie Mine.

Hole RS-22-01 intersected 15.68% Cg and 0.56% Zn over 4.83 metres, including 24.05% Cg and 0.72% Zn over 2.33 metres.
Hole RS-22-03 intersected 1.87% Cg and 0.06% Zn over 16.45 metres and 3.36% Cg and 0.13% Zn over 101.0 metres, including 21.96% Cg and 0.78% Zn over 4.32 metres.
Hole RS-22-04 intersected 10.86% Cg and 0.42% Zn over 14.0 metres, including 17.94% Cg and 0.60% Zn over 7.0 metres.
Hole RS-22-02 intersected 1.70 g/t Au over 2 metres from 198 to 200 metres (as previously announced on January 10, 2023). The hole did not intersect significant graphite or zinc mineralization.

See Table 1 below for drill program highlights and Figures 1 through 3 for core photos from RS-22-01, RS-22-03 and RS-22-04.

Table 1: Drill Program Highlights

Drillhole	From (m)	To (m)	Interval (m)	Cg (%)	Zn (%)
RS-22-01	68.17	73.0	4.83	15.68	0.56
including	68.17	70.5	2.33	24.05	0.72
RS-22-03	45.0	61.45	16.45	1.87	0.06
and	80.0	181.0	101.0	3.36	0.13
including	106.0	177.26	71.26	4.67	0.17
including	139.12	143.44	4.32	21.96	0.78
RS-22-04	84.0	98.0	14.0	10.86	0.42
including	89.0	96.0	7.0	17.94	0.60

As previously announced on January 10, 2023, RS-22-02 encountered the 2.0-metre interval of gold mineralization from 198 metres to the drillhole's final depth of 200 metres, terminating in the mineralized lithology of intermediate volcanics with quartz veining. The Company completed drilling of 4 holes, RS-22-01, RS-22-02, RS-22-03, and RS-22-04, totalling 800.0 metres. The Au intersection represents a new regional gold discovery and appears to be associated with Rockstone Cu/Zn/graphite VMS-type exhalite mineralization.

Infinity Stone intends to immediately mobilise for an extended drill program to extend RS-22-02 to determine further gold mineralization, alongside additional step-out holes. The Company also will initiate 3D modelling the results of the Fall Drill Program, ahead of a planned geophysics program, including a down-hole magnetic survey. The Company also looks forward to sharing the results of its metallurgical program with SGS Canada Inc. ("SGS Labs") to refine samples from Rockstone to EV battery-grade graphite concentrate.

"The results of the Fall Drill Program have affirmed the prospective value of the Rockstone Graphite Project and have allowed us to compare Rockstone to significant graphite discoveries, including Nouveau Monde's Matawinie Project," said Zayn Kalyan, CEO of Infinity Stone. "Nouveau Monde has paved the way in terms of the development of natural graphite in Eastern Canada for the production of battery-grade cathode material used in the manufacturing of EVs. Their recently announced offtake deal with Panasonic Energy and Mitsui, a key supplier of batteries to Tesla, demonstrates the potential value of Canadian graphite projects in the rapidly growing North American battery supply chain. We are very excited to continue exploration on Rockstone in hopes of developing a deposit to support this critical sector," furthered Mr. Kalyan.

Figure 1: RS-22-03 - Core Photo from 138.4 to 155.0m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8151/152325_335b6e16146bb952_001full.jpg

Figure 2: RS-22-04 - Core Photo from 85.0 to 98.0m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8151/152325_335b6e16146bb952_002full.jpg

Figure 3: RS-22-01 - Core Photo from 66.5 to 78.0m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8151/152325_335b6e16146bb952_003full.jpg

About the Rockstone Graphite Project

The Rockstone Graphite Project is located 45 km west of the seaway port at the City of Thunder Bay, Ontario Canada. The Project has excellent access by logging haul roads that connect to paved/gravel roads with nearby railways and a shipping port. Based upon the reprocessed Versatile Time Domain Electromagnetic (VTEM) survey completed by Sabina Silver Corporation in 2007, there are 18 drill-ready electromagnetic targets. Greencastle's drilling in 2012 consisted of 4 diamond drillholes (916 metres). Diamond drill hole GC-12-01 intersected a 24 metre interval averaging 0.82% zinc and 0.15% copper within a graphitic argillite unit. Analysis of the pulps for the 24 metres returned a value of 25% Cg (graphitic carbon) using a LECO analytical procedure. Rockstone graphite morphology appears to be highly-ordered hexagonal graphite crystallites and crystallite agglomerates, likely formed by hydrothermal activity at a formation temperature of 702C.

Qualified Person

Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Company.

About Infinity Stone Ventures

Infinity Stone's mission is to be 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 is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.

To register for investor updates please visit https://infinitystone.ventures.

Connect with Infinity Stone

Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
zayn@altuscapital.ca

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Forward-Looking Statements Disclaimer

This press release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company's public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152325

News Provided by Newsfile via QuoteMedia

Infinity Stone Ventures CSE:GEMS Battery Metals Investing

GEMS:CNX

Infinity Stone Ventures Announces Consolidation of its Shares

Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE:B2I) (the " Company " or " Infinity Stone "), announces it is consolidating all of its Class A Subordinate Voting shares ("Class A Shares") and Class B Super Voting Shares ("Class B Shares") on the basis of one post-consolidated Class A Share or Class B Share for every two pre-consolidated Class A Shares or Class B Shares held, as the case may be (the "Consolidation"). The Class A Shares are expected to begin trading on a consolidated basis on the Canadian Securities Exchange ("CSE") on Thursday, July 13, 2023 . The record date for the consolidation is July 14, 2023 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Altech Batteries Ltd CERENERGY Battery Project Funding Update

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce an update on funding of the CERENERGY(R) sodium-chloride solid-state battery project in Saxony, Germany.

Highlights

- Financing plan and target structure in place

- Funding investment teaser documents and data room established

- Reach out to 10 commercial banks and 2 venture debt funds - all positive interests

- Shortlisting potential lead bank

- Equity Funding - potential sale of minority interest of the project to realise capital and strategic value

- Discussions and draft term sheets shared with investors

- Offtake agreement LOI signed with ZISP

On 14 June 2024, the Company, through its Germany subsidiary Altech Batteries GmbH ("ABG"), announced the appointment of global big four professional services firm ("funding adviser") to assist in securing finance for the construction of Altech's 120MWh CERENERGY(R) battery manufacturing plant in Germany. The project's financing strategy is structured across three key areas: debt, equity, and grants.

These sources will cover not only the capital expenditures but also financing costs, working capital, debt service coverage, and an additional contingency for potential business interruptions, See Figure 1*.

DEBT PROCESS

A funding invitation document (investment teaser) has been finalised and distributed to various financial institutions for debt funding in the project. The Group has engaged ten commercial banks and two venture debt funds in a first market round, receiving predominantly positive initial feedback. Several of these institutions have expressed strong interest in participating in the financing. The Group is now in the process of shortlisting potential lenders to identify the most suitable financial partners for the project. To support a thorough due diligence process, a secure data room has been set up, providing detailed project information to interested financiers and ensuring full transparency. The DFS financial model has been adjusted to stress-test various funding scenarios tailored to the lending institutions ABG has engaged with. Further steps involve determining the most suitable banks to form a syndicate and appointing a lead bank to guide the lending process. This syndicate will play a crucial role in structuring the financing arrangement to meet the project's requirements.

EQUITY FUNDING

In addition to ongoing debt financing efforts, the Group has engaged several equity advisers to support the equity component of the project's funding package. As part of this strategy, the Altech Group plans to divest a minority interest in the project to one or two strategic investors. This partial divestment aims to attract investors who can bring not only capital, but also strategic value to the project, aligning with the CERENERGY(R) project's long-term growth and sustainability objectives.

The Group is specifically targeting large utility groups, data centre operators, investment funds and corporations that are heavily involved in the green energy transition. These entities are seen as ideal partners due to their strong alignment with the project's focus on sustainable energy solutions, as well as their capacity to provide substantial financial backing.

To date, significant progress has been made in these equity discussions. Several Non-Disclosure Agreements (NDAs) have been signed, allowing for deeper engagement with prospective investors. Altech has also circulated draft term sheets to a number of interested parties, outlining the proposed terms and conditions for investment. These documents serve as a starting point for negotiations, paving the way for more detailed discussions regarding the potential equity stake and partnership structure.

The strategic decision to divest a portion of the project is aimed at reducing the overall financial burden on the Company while bringing in experienced partners who can contribute to the project's success. By securing both the equity and debt components, the Company aims to finalise the full financing package, ensuring the timely construction and commissioning of the CERENERGY(R) battery plant. The next steps will focus on advancing these discussions and converting interest into formal commitments, which are crucial for moving forward with the project.

OFFTAKE ARRANGEMENTS

On 13 September 24, Altech announced the execution of an Offtake Letter of Intent between Zweckverband Industriepark Schwarze Pumpe (ZISP) and Altech Batteries GmbH. Under this Offtake Letter of Intent (LOI), ZISP will purchase 30 MWh of energy storage capacity annually, consisting of 1MWh GridPacks, for the first five years of production. The price of these batteries has been agreed and aligns with the sales price contained within Altech's Definitive Feasibility Study. The purchase of these batteries is subject to performance tests, battery specifications and the batteries meeting customer requirements. This offtake LOI constitutes an important aspect of the financing process. This lays the foundation for additional offtake arrangements, which are currently in progress. These agreements are vital for advancing our financing and construction timelines for the CERENERGY(R) project.

CEO and MD Mr Iggy Tan stated "The funding stage of any project is the most complex and challenging process of any project. Securing a big four funding adviser with expertise and a global network is a major step in our financing efforts. Altech is advancing both debt and equity discussions, along with offtake agreements, to fully fund the CERENERGY(R) project. We are seeing strong interest, especially from European banks and potential equity partners".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/PO741A78

To view MD Iggy Tan explain the Funding, please visit:
https://www.abnnewswire.net/lnk/23705649

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

E-Power Resources Inc. Announces Closing of a Third and Final Tranche of Oversubscribed Private Placement

E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") announces that it has closed a third and final tranche of the private placement previously announced on September 24, 2024 (the "Private Placement"). The oversubscribed private placement was originally announced for $420,000, but a total of $526,264 was raised in all three tranches.

An aggregate of 3,150,000 units (the " Units") of the Company were issued in the third and final tranche at a price of $0.05 per Unit for gross proceeds of $157,500, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date. (the "Offering").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Edison Lithium Arranges Sale of Interest in Argentinian Lithium Properties for US$3.5 Million

Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that, effective November 12, 2024, it has accepted a non-binding purchase offer letter from Mava Gasoil LLC ("Mava"), a corporation based in Houston Texas, for the sale of 100% of the interest in the Company's Argentina subsidiary, Resource Ventures S.A. ("ReVe"), in consideration for USD$3,500,000. One of the LEXI claims owned by ReVe and the royalties on that mining property, and the PINAC mining properties owned by ReVe are excluded from the sale and will be retained by Edison.

ReVe controls the rights to prospective lithium brine claims in the province of Catamarca, Argentina. The claims are principally located in the two geologic basins known as the Antofalla Salar and the Pipanaco Salar. ReVe's assets on closing of the disposition to Mava will include 30 mining concessions covering approximately 104,538 hectares area in Catamarca Province, Argentina. The Company will retain and focus its Argentinian efforts on 8 mining concessions covering approximately 35,000 hectares area in Catamarca Province, Argentina, which are not subject to the sale and amount to approximately 25% of the claims currently held by ReVe.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Trading on a Consolidated Basis/Négociation sur une BaseConsolidée :	le 13 juillet/July 2023
Record Date/Dated'Enregistrement :	le 14 juillet/July 2023
Anticipated Payment Date/Date dePaiementPrévue :	le 13 juillet/July 2023
Symbol/Symbole :	GEMS
NEW/NOUVEAUCUSIP :	45675G 20 2
NEW/NOUVEAU ISIN :	CA 45675G 20 2 7
Old/Vieux CUSIP& ISIN :	45675G103/CA45675G1037

Loop	Conductor	Drillhole	Conductivity-thickness (s)	Dimensions (Strike x Dip)	Dip/Dip-direction	Depth to top (mRL)
Loop 1	NA	PAL0352	-	-	-	-
Loop 2	NA	PAL0072, PAL0362	-	-	-	-
Loop 3	South Palokas Deep "A"	PAL0367	100	130m x 200m	48/333	-340m
Loop 3	South Palokas Deep "B"	PAL0367	110	120m x 110m	17/314	-370m
Loop 3	Palokas Deep	PAL0200	160	100m x 135m	34/330	-129m
Loop 4	Hirvimaa	PAL0073	150	150m x 150m	12/103	-50m
Loop 5	Raja Footwall	PAL0171, PAL0355	80	70m x 110m	44/326	-125m

Infinity Stone Intersects 3.36% Cg over 101.0m, including 21.96% Cg over 4.32m at Rockstone Graphite Project

Latest News

Latest Press Releases

Related News

TOP STOCKS