Infinity Stone Ventures (CSE:GEMS, OTC:GEMSF) is an exploration and development mining company with a vision to become a single-source supplier of the critical minerals required for the electrification transition.
The transition to clean energy is in full swing, propelling growth in the critical minerals that clean energy requires. Electric vehicles (EVs) are at the forefront of the electrification revolution, with global sales in Q1 2022 up 75 percent from Q1 2021. Solar power generation increased by 22 percent from 2021, with wind growing by 17 percent. All renewable energy has one common requirement: batteries. The rise in renewables creates an increasingly strong demand for the critical minerals required to manufacture high-capacity batteries for energy storage, including lithium, copper and graphite.
Battery-grade lithium spot prices have risen by 574 percent
in January 2022 compared to January 2021. Additionally, copper prices reached a high of US$10,230 per metric
ton in March 2022. Demand for battery metals will continue to grow as the world strives to reach net zero emissions, but where will these minerals come from?
With a diversified portfolio of battery metal assets in Quebec and Ontario, both mining-friendly, Tier-1 jurisdictions in Canada, Infinity Stone Ventures is focused on accelerating the development of its mining assets for production. The company’s projects are located in highly prospective battery metal jurisdictions: James Bay Lithium in Quebec, Quebec’s Battery Valley and Thunder Bay in Ontario. An experienced management team with expertise throughout the natural resource industry leads the company toward its goals.
Infinity Stone Venturers prioritizes stable, mining-friendly jurisdictions with clear legislation and regulations to accelerate production of critical minerals and ensure a long mine life for its projects. A project's jurisdiction plays an essential role in its overall success and development cost, prompting the company to focus on established mining regions. Developing a project in an unstable jurisdiction invites entirely new risks, and simply navigating regulations can incur significant legal fees and cause long delays in exploration and development.
The company has four key projects at various stages of exploration moving toward production. The Camaro-Hellcat lithium and Galaxy lithium projects recently completed geophysical campaigns and are pending assays. Both assets are also preparing for drilling campaigns for Q1 2023. The company completed its 2022 fall drill program on the Rockstone Graphite project with four holes, RS-22-01, RS-22-02, RS-22-03, and RS-22-04, totalling 800.0 metres. The Zen-Whorberi copper project is pending assays from its Q4 drilling campaign.
Following its recent receipt of an exploration permit, Infinity Stone is also planning to commence a winter 2022 drilling program at its Buda Pegmatite Lithium project in Thunder Bay, Ontario, following economically encouraging results from a recent surface and channel sampling showing rubidium, beryllium and lithium mineralization – with assays up to 367 parts per million (ppm) lithium, 2,090 ppm rubidium, and 4,200 ppm beryllium from grab samples, and up to 1,408 ppm rubidium from channel samples.
The company also acquired the Shorty West Lithium Project in the Northwest Territories, Canada covering 410 hectares across two claim blocks. The Shorty West Project is directly adjacent to Li-FT Power Ltd.'s Yellowknife Lithium Project, which contains 14 different spodumene-bearing lithium pegmatite systems. Historic channel sampling has produced average grades from 1.10 to 1.59 percent lithium oxide (Li2O) over widths of 7 to 40 metres.
A management team with over 20 years of experience in the mining industry leads the company toward its goal of becoming a single-source supplier of critical battery metals. With previous experience raising hundreds of millions of dollars for past projects, Infinity Stone Ventures’ leadership can offer insights on evaluating and raising funds for promising projects.
- Infinity Stone Ventures is an exploration and development company focusing on developing critical battery metal projects in stable, mining-friendly jurisdictions.
- The company’s assets are entirely within Quebec and Ontario, two world-class jurisdictions with rich mineral deposits and clear regulatory guidelines.
- Infinity Stone’s vision is to become a single-source supplier of the critical minerals the world requires to transition to clean energy.
- The company has four battery metal projects in various stages of exploration: Camaro-Hellcat lithium, Galaxy pegmatite lithium, Rockstone graphite and Zen-Whoberi copper.
- Infinity Stone’s projects are located within industry-recognized battery metal jurisdiction: James Bay Lithium in Quebec, Quebec’s Battery Valley and Thundery Bay in Ontario.
- An experienced management team with 20 years of natural resource expertise leads the company.
- The company completed its 2022 fall drill program on the Rockstone Graphite project located near Thunder Bay, Ontario.
- Infinity Stone Ventures acquired the Shorty West Lithium Project in the Northwest Territories, Canada covering 410 hectares adjacent to Li-FT Power Ltd.'s Yellowknife Lithium Project.
Camaro-Hellcat Lithium Project
Infinity Stone’s Camaro-Hellcat lithium project covers 5,187 hectares directly adjacent to Patriot Battery Metals’ (TSXV:PMET) Corvette Lithium Discovery in James Bay, Quebec. The project is currently pending 87 assays from Q4 geophysics and has a drilling campaign scheduled for Q1 2023.
- Multiple Known Lithium Pegmatites: The asset contains 28 highly-prospective lithium pegmatite dikes. Five of these pegmatites are underlain in Roguet greenstone, similar to the prolific Patriot Battery Metals’ geology.
- Room for Additional Exploration: Even after the current exploration campaign, the project still contains several areas of interest for future exploration.
- Preparing for Exploratory Drilling: The pending assays will inform Infinity Stone’s upcoming drilling campaign, slated to commence in Q1 2023. In addition, newly built winter roads will provide greater access to the asset for the campaign.
The Galaxy Pegmatite Project
The Galaxy project is located 45 kilometers north of Mont-Laurier, Quebec. The asset comprises 59 mineral claims and 14 pending claim applications, covering 3,467 hectares. It contains 30 identified and highly prospective pegmatites with historical lithium-bearing surface samples. The company is currently pending geophysical assays from Q4 2022 and has a drilling program slated for Q1 2023.
- Encouraging Historical Results: Analysis of historic exploration campaigns shows anomalous quantities of lithium, tantalum, molybdenum, uranium, thorium and lepidolite mineralizations.
- Robust Nearby Infrastructure: The asset is accessible from La Vérendrye 13 via the Trans-Canada Highway (Hwy QC-117), which goes directly through the property.
- Recently Expanded Mineralizations: The asset was expanded to the north to cover newly identified pegmatites, creating additional opportunities for future development.
Rockstone Graphite Project
The Rockstone project is located 50 kilometers west of the city of Thunder Bay, Ontario, and covers 795 hectares. The asset contains existing core samples of graphite reaching upwards of 25 percent compacted graphite (Cg). A drilling campaign is set to begin in November 2022, targeting 18 drill-ready electromagnetic anomalies.
- Promising Drill Hole Intersection: Eight historic drill holes produced encouraging results, including 25 percent graphite over 24 meters and a combined 1 percent copper-zinc.
- Working Towards Battery-Grade Refinement: The asset’s graphite is capable of being refined to 96.1 percent, and SGS Lakefield is working towards improved refinement processes to achieve 99.8 percent battery-grade.
- Existing Transportation Infrastructure: Rockstone is located directly on a highway and is located 5 kilometers away from a major rail line. Additionally, the nearby city of Thunder Bay has a major seaport.
Zen-Whoberi Copper-Gold Project
The Zen-Whoberi copper-gold project is located 30 kilometers north of Mont-Laurier, Quebec. The asset contains significant mineralizations of copper, gold, platinum and palladium samples from historic drilling results. Assays from the recent geophysics exploration campaign are currently pending, and the company aims to initiate exploratory drilling in Q4 2022.
- Access to Power: Zen-Whoberi is only 500 meters away from the nearest power line, significantly reducing future development costs.
- Encouraging Historic Drilling: Historic drilling results have identified promising mineralizations, including:
- 0.57 percent copper over 22.8 meters
- 1.27 percent copper along a 200-meter strike length
- 1.1 g/t gold over 1.2 meters
- 0.8 g/t platinum over 1.06 meters
- Several trench grab samples yielded 5.07 percent copper, 0.59 g/t gold, 3.9 g/t platinum, and 0.2 g/t palladium
- High-Grade Surface Sampling: A recent surface sampling discovered copper grades up to 15.5 percent.
Infinity Stone Ventures owns additional assets with significant potential slated for future exploration and development. Each asset meets the company’s criteria of supporting battery metals and is within the mining-friendly jurisdictions of Quebec and Ontario.
- Buda Pegmatite Lithium: Buda covers 1,203 hectares and is 50 kilometers west of Thunder Bay. The asset has significant historical surface discoveries of up to 210 parts per million lithium. During its fall 2022 surface and channel sampling, Infinity Stone has discovered economically encouraging rubidium, beryllium and lithium mineralization. Grab samples assayed up to 367 ppm lithium, 2,090 ppm rubidium, and 4,200 ppm beryllium, and channel samples up to 1,408 ppm rubidium over 4 metres. Exploration permits have been received and a winter 2022 drill program is expected to commence immediately.
- PAK Southwest & PAK Southeast: The assets cover 1,383 hectares and contain several pegmatite units identified in regional mapping conducted by the Ontario Geological Survey. The assets are adjacent to Frontier Lithium’s (TSX.V:FL) PAK Lithium Project.
- Thor Manganite Project: The project includes 698, 581 and 117 hectares. Previous owners completed a drilling campaign of 10 diamond drill holes, each reported to have intersected with significant manganese mineralization. The company will verify historic results, followed by additional fieldwork.
Zayn Kalyan - CEO and Director
Zayn Kalyan is an experienced investment banker and business development executive. Starting his career as a software engineer, his background in the “ground-up” development of startup technology companies serves as his foundation in finance. Since joining Altus, Kalyan was instrumental in the origination of over $50 million in financing. Kalyan has served in upper management and on the boards of multiple public companies since 2014. He has hands-on experience in the day-to-day management of small and mid-size organizations.
Michael Townsend - Director
Michael Townsend has extensive experience in corporate finance spanning over 25 years. Townsend is one of the founding partners of Altus Capital Partners, a boutique investment bank based in Vancouver, British Columbia. Altus has been involved in raising over $180-million in equity financings over the past five years. Townsend co-founded Hemptown, Patriot One Technologies Inc., and Body and Mind Inc.
Case Lewis, P.Geo - Director
Case Lewis is a professional geologist and qualified person with over 13 years of diverse project and business experience, managing grassroots to advanced-stage exploration projects for precious metals and industrial minerals throughout Canada and internationally. He has served as director, QP, and technical advisor on numerous junior resource exploration companies and holds a degree in geology from the University of Alberta.
Brandon Rook - Advisor
Brandon Rook has over 25 years of diversified business experience working as a geologist, advisor to numerous publicly listed companies as well as a CEO, president, and director of several TSX-V listed companies. Currently, he is a director of four public companies. Rook has been responsible for raising over $100 million dollars to date. As a geologist and executive he has worked with and led teams that have had significant discoveries in gold, copper, oil, natural gas and diamonds.
Chris Cherry - Director
Chris Cherry has over 20 years of corporate accounting and audit experience. Cherry has held senior level positions for various public companies including director, chief financial officer and secretary. Cherry has been a chartered accountant since February 2009 and a certified general accountant since 2004. In his former experience as an auditor, he held positions with KPMG LLP and Davidson and Co. LLP in Vancouver, where he gained experience as an auditor for junior public companies, and as an IPO specialist.