Infinity Stone Options 38,441ha Sugar Loaf and Little Dipper Lithium Projects Near Sigma Lithium in Minas Gerais Province, Brazil

Infinity Stone Options 38,441ha Sugar Loaf and Little Dipper Lithium Projects Near Sigma Lithium in Minas Gerais Province, Brazil

Highlights

  • Infinity Stone has optioned the Sugar Loaf and Little Dipper lithium projects, collectively covering 38,441 hectares.
  • The Sugar Loaf Project covers 22,195 hectares, located approximately 15 kilometres from Sigma Lithium's Grota do Cirilo Project, located in the state of Minas Gerais, Brazil .
  • The Little Dipper Project covers 16,246 hectares, located approximately 10 kilometres from Oceana's Solonopole Lithium Project in the state of Ceará, Brazil .

- Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the " Company " or " Infinity Stone "), is pleased to announce that it has optioned the 38,441-hectare Sugar Loaf and Little Dipper Lithium Projects (the " Sugar Loaf Project " and " Little Dipper Project ", respectively; collectively, the " Projects "). The Sugar Loaf Project is located 15 kilometres from both Sigma Lithium Resources' (" Sigma Lithium ") Grota do Cirilo Project and Lithium Ionic Inc's (" Lithium Ionic ") Itinga Project in the state of Minas Gerais, Brazil . The Little Dipper Project is located in the state of Ceará, approximately 10 kilometres from Oceana Lithium Ltd.'s ( "Oceana ") Solonopole Lithium Project. The Sugar Loaf Project comprises 13 exploration permits, while the Little Dipper Project comprises 9 exploration permits. (Figures 1 & 2) .

The Sugar Loaf and Little Dipper Projects were optioned on the basis of perceived geological potential from known mineralized trends. Both Minas Gerais and Ceará have become regions of interest for hard rock lithium exploration, with a number of early and later stage exploration companies active in the region, as well as companies much closer to production such as Sigma Lithium. Brazil has been recognized as one of the world's major high-grade lithium producers. For example, LG Energy Solutions (" LG ") recently secured a 6-year offtake agreement with Sigma's subsidiary Brazilian Sigma Mineração SA. [1] LG is a battery supplier to multiple EV companies, including Tesla Inc. [2]

Sigma's properties are located in the municipalities of Araçuaí and Itinga, in Brazil's mining-friendly Minas Gerais State, approximately 450 kilometres northeast of the state capital of Belo Horizonte . Sigma holds 27 mineral rights in four properties spread over 191 square kilometres (19,100 hectares), which include nine past-producing lithium mines.

Figure 1: Sugar Loaf Project Area Map

Figure 2: Little Dipper Project Area Map

Infinity Stone intends to conduct a satellite imagery-based spectral analysis to determine areas of interest for targeted exploration. Following this, the Company intends to mobilise an exploration team immediately to the Projects to conduct initial groundwork, including grab and channel sampling, trenching, and mapping. There will be a focus on identifying pegmatites across the claim blocks that have the potential for lithium-cesium-tantalum (LCT) mineralization.

The Company notes that mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.

Option Terms

Pursuant to an option agreement (the " Option Agreement ") dated February 2, 2023 between the Company and Talisman Venture Partners Ltd. (" Talisman "), the Company has been granted an option to acquire the Projects upon: (i) payment of $50,000 on execution (paid), $100,000 within 30 days of execution and $150,000 within 180 days of execution; and  (ii) issuance of 4,000,000 class A subordinate voting shares ("Shares") of the Company within 30 days of execution and 4,000,000 Shares within 180 days of execution. Upon the Company earning in under the Option Agreement, Talisman will retain a 1% net smelter royalty (NSR) over the Projects, half of which may be repurchased by the Company for $1,000,000 within 90 days of the public filing of a bankable feasibility study respecting the Projects.

Stock Option Issuance & Marketing Engagement

Infinity Stone has retained Machai Capital Inc. (" Machai ") to provide digital marketing services (the " Engagement "). Machai will provide certain digital marketing services in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation.

The Engagement has an initial term of six months, Machai will receive $80,000 in cash plus applicable taxes and be issued 400,000 stock options at an exercisable price of $0.25 for a 5-year term.

Machai is at arm's length to Infinity Stone and has no other relationship with the company except pursuant to the Engagement.

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

Email | Website | Facebook | LinkedIn | Twitter | Instagram |

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.

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

[1] https://www.prnewswire.com/news-releases/sigma-lithium-and-lg-energy-solution-sign-milestone-six-year-binding-term-sheet-for-lithium-offtake-agreement-301392472.html
[2] https://insideevs.com/news/630122/tesla-battery-supplier-lg-invests-increased-production/

Photo - https://mma.prnewswire.com/media/1997265/Sugar_Loaf_Project_Area_Map.jpg
Photo - https://mma.prnewswire.com/media/1997266/Little_Dipper_Project_Area_Map.jpg
Logo - https://mma.prnewswire.com/media/1997021/Infinity_Stone_Ventures_Corp_Logo.jpg

Infinity Stone Ventures Corp. Logo

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/infinity-stone-options-38-441ha-sugar-loaf-and-little-dipper-lithium-projects-near-sigma-lithium-in-minas-gerais-province-brazil-301740214.html

SOURCE Infinity Stone Ventures Corp

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/February2023/07/c7431.html

News Provided by Canada Newswire via QuoteMedia

GEMS:CNX
The Conversation (0)
CSE Bulletin: Consolidation - Infinity Stone Ventures Corp.

CSE Bulletin: Consolidation - Infinity Stone Ventures Corp.

Infinity Stone Ventures Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every two (2) pre-consolidated common shares.

As a result, the outstanding shares of the company will be reduced to approximately 44,507,230 common shares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Infinity Stone Ventures Announces Consolidation of its Shares

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
Infinity Stone Ventures Trading on Upstream Under GEMS, Infinity Stone Ventures Corp. among the first issuers to cross-list on Upstream

Infinity Stone Ventures Trading on Upstream Under GEMS, Infinity Stone Ventures Corp. among the first issuers to cross-list on Upstream

- Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the " Company " or " Infinity Stone "), is pleased to announce it will become available today at 10:00am EST under the ticker symbol " GEMS " on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex ("Horizon") and MERJ Exchange Limited ("MERJ").  Infinity Stone's free digital collectible NFT commemorating the dual listing is now available for all Upstream participants to claim with the claim code " GEMS".

Infinity Stone Ventures Corp. Logo

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
INFINITY STONE VENTURES APPROVED TO CROSS LIST ON UPSTREAM

INFINITY STONE VENTURES APPROVED TO CROSS LIST ON UPSTREAM

- Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the " Company " or " Infinity Stone "), is pleased to announce it has been approved to cross list its shares on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (" Horizon ") and MERJ Exchange Limited (" MERJ "). Trading is anticipated to become available on Upstream July 6, 2023 at 10:00am ET under the ticker symbol " GEMS ".

The cross listing on Upstream is designed to provide Infinity Stone the opportunity to access a global, digital-first investor base outside the U.S. that can trade using USDC digital currency along with credit, debit, PayPal, and USD; unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in the Canadian Securities Exchange-listed company.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
INFINITY STONE VENTURES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

INFINITY STONE VENTURES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

- Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the " Company " or " Infinity Stone "), is pleased to announce a non-brokered private placement of up to 18,000,000 units of the Company (" Units ") at a price of $0 .05 per Unit (the " Offering "), for aggregate gross proceeds of up to $900,000 . Each LIFE Unit will be composed of one (1) Class A Subordinate Voting share in the capital of the Company (a " Share ") and one-half of one (12) Class A Subordinate Voting share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one (1) additional Share (a " Warrant Share ") at a price of $0 .10 per Warrant Share for a period of 24 months from issuance.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
ALX Resources Corp. Announces Filing and Mailing of the Management Information Circular in Connection with Its Annual and Special Meeting of Shareholders to Approve the Acquisition of the Company by Greenridge Exploration Inc.

ALX Resources Corp. Announces Filing and Mailing of the Management Information Circular in Connection with Its Annual and Special Meeting of Shareholders to Approve the Acquisition of the Company by Greenridge Exploration Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that its management information circular (the "ALX Circular") and related materials (collectively, the "Materials") in connection with the Annual General and Special Meeting (the "Meeting") of its shareholders (the "ALX Shareholders") is now available on ALX's website (click here to access the Materials) as well as under ALX's profile on SEDAR+ (www.sedarplus.ca). The Company commenced the mailing of the Materials for the Meeting to ALX Shareholders on Tuesday, November 5, 2024.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Brunswick Exploration Significantly Expands its Holdings in Greenland Following Lithium Discovery

Brunswick Exploration Significantly Expands its Holdings in Greenland Following Lithium Discovery

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is excited to announce that, following the recent discovery of spodumene near Nuuk, Greenland, it has applied for additional licenses in the Nuuk area. The Company has also increased its holdings in new regions of Western Greenland subsequent to further compilation work including the Disko Bay and Uummannaq areas.

Mr. Killian Charles, President and CEO of BRW, commented: "With the lithium potential of Greenland newly confirmed, we have rapidly consolidated all high priority targets in western Greenland. BRW now controls one of the most significant grassroot exploration portfolios in Greenland and is the only company actively exploring for lithium in the country. Our new holdings all benefit from proximity to communities and tidal water to ensure that logistical and infrastructure needs are in place for potential future development. Between our new Ivisaartoq discovery and our expanded portfolio, we look forward to launching a major lithium exploration initiative in 2025 across Greenland as soon as possible. We are very keen to work with the Greenlandic communities, government and European Commission as we launch this exciting endeavor."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Argentina Lithium Applies to Extend Warrants

Argentina Lithium Applies to Extend Warrants

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FRA): OAY3
OTCQX Venture Market (OTC): PNXLF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) ("Argentina Lithium" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SAGA Metals Corp.  Opens the Market

SAGA Metals Corp. Opens the Market

Mike Stier, Chief Executive Officer and Director, Saga Metals Corp. and Michael Garagan, Chief Geological Officer and Director, Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA), joined Rob Peterman, Chief Commercial Officer, Toronto Stock Exchange, to open the market to celebrate the company's new listing on TSX Venture Exchange.

SAGA is a diversified critical mineral exploration company focused on exploration and discovery of critical minerals that support the global transition to green energy. The company's flagship asset, the Double Mer Uranium Project, features uranium radiometrics highlighting an 18 km trend, with a confirmed 14 km section producing samples as high as 4,281ppm U3O8 and spectrometer readings of 22,000cps. In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay. The Legacy project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area. SAGA is strategically positioned to play an essential role in the clean energy future.

MEDIA CONTACT:
Mike Stier
Chief Executive Officer and Director
mike@sagametals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228925

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
SAGA Metals Corp. Completes Second & Final Tranche of IPO Prospectus Offering

SAGA Metals Corp. Completes Second & Final Tranche of IPO Prospectus Offering

Saga Metals Corp. ( TSXV: " SAGA ") ( FSE: " 20H ") (" SAGA " or the " Company "), a North American exploration company focused on critical mineral discovery in Canada, announces that it has completed the second and final tranche of its initial public offering (the " Offering "), raising aggregate gross proceeds of $1,116,460.68.

The Offering, which included exercise in full of the over-allotment option granted to Research Capital Corporation (the " Agent "), consisted of an aggregate of 554,250 hard dollar units (each, a " HD   Unit ") at a price of $0.40 per HD Unit, 1,030,751 standard flow-through units (each, a " Standard FT Unit ") at a price of $0.48 per Standard FT Unit and 666,667 charity flow-through units (each, a " Charity FT Unit ") at a price of $0.60 per Charity FT Unit, all pursuant to the Company's final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024 (collectively, the " Prospectus ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals to "Ring Opening Bell" at Toronto Stock Exchange

SAGA Metals to "Ring Opening Bell" at Toronto Stock Exchange

Saga Metals Corp. (" TSXV: SAGA ") (" FSE: 20H" ) (" SAGA " or the " Company "), a North American exploration company focused on discovering critical minerals, is pleased to announce it will ring the opening bell at the Toronto Stock Exchange (" TSX ") on Tuesday, November 5, 2024, at 9:30 a.m. ET to commemorate its IPO listing and commencement of trading on TSX Venture Exchange under the symbol " SAGA " on September 24, 2024.

The event will be hosted in-person at the TMX Market Centre, located in the heart of downtown Toronto's Financial District, where Mike Stier, CEO & Director, and Michael Garagan, CGO & Director will be joined by other members of the team responsible for executing SAGA's listing.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×