Infinity Stone Provides Update on Rockstone Drill Program and Corporate Update
posted on
Nov 10, 2022 08:48AM
Acquires Tesla Iron Project in Quebec
PR Newswire
VANCOUVER, BC, Nov. 10, 2022
VANCOUVER, BC, Nov. 10, 2022 /PRNewswire/ - Infinity Stone Ventures Corp. (GEMS: CSE) (GEMSF:OTC) (FSE: B2I) (the "Company" or "Infinity Stone"), is pleased to provide a general corporate update on the Company's recent activities, initiatives and upcoming catalysts for growth. Infinity Stone has been active with exploration on its four core battery metal projects with extensive prospecting and preliminary work ahead of planned and ongoing drilling programs. The Company's current drill program on the Rockstone Graphite Project has recovered its first core sample from the RS-22-01 drill hole, a twinned hole of the GC-12-01 discovery hole, which intercepted 25% Cg over 24 metres.
"Battery metals, and lithium specifically, have been one of the only performing asset classes over the past year, in a volatile economic climate driven by inflation and rising interest rates. We have stayed true to our goal of providing a diversified investment platform for battery metals and believe we are still in the early stages of a market that is about to take off", said Zayn Kalyan, CEO of Infinity Stone Ventures. "It seems that on a nearly daily basis there are announcements of investment and development in the lithium-ion battery supply chain in North America. From new battery metal processing infrastructure to EV manufacturing plants, it is quickly becoming evident that Quebecand Ontario are at the epicentre of a major shift of investment from government and the private sector. With major manufacturers such as Tesla, Mercedes and VW making direct investment in battery metal mining and exploration companies, it is an unprecedented time to be in this industry, and Infinity Stone is ideally positioned," furthered Mr. Kalyan.
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.
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.
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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.
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SOURCE Infinity Stone Ventures