With electric vehicle demand only accelerating, the world needs to get its hands on far more graphite — an essential ingredient in electric vehicle anodes. In fact, according to MarketPlace.org, “Even though they’re called lithium cells, that metal only accounts for 4% of the mineral demand in EV batteries. Graphite makes up more than half, and we’re not really mining any at home.” China is responsible for much of the world’s battery grade graphite, and furthermore it’s synthetic, with significant energy and emissions require in production. That’s creating big opportunity for natural graphite companies, such as Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF),( ) (OTCQX: GPHOF), (NYSE: NMG), ( ) (OTC: NSRCF), and ( ) (OTC: FCSMF).
Look at Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), For Example
Infinity Stone Ventures Corp. provide an update on its Fall drill program on the Rockstone Graphite project located near Thunder Bay, Ontario.
The Company has completed the drilling of RS-22-03, a step-out of the historic GC-12-01 and RS-22-01 hole. Within RS-22-03, four graphitic zones, consisting of semi-massive to massive graphite, were encountered in the following intervals (Table 1).
Table 1: RS-22-03 – Graphitic Intervals
Infinity Stone has expanded the Fall Drill Program with an additional drill hole RS-22-04 that will be a step-out hole to the north of the RS-22-03. The Company has already upgraded flotation concentrate from core samples from the GC-12-01 discovery hole to 96.1% Cg, and is actively working with SGS Canada Inc., in Lakefield Ontario, to conduct a flotation and hydrometallurgical test program on a 2.7kg sample. The goal of the Met Program is to explore the production of EV battery-grade graphite (99.8% Cg purity) derived from the Rockstone Project.
Graphite is a key mineral in the production of EV battery cells. Approximately 1.2kg of graphite per kWh of energy capacity is required for modern EV battery cells. For reference, this means that a Tesla Model S 100D has approximately 120kg of graphite.
“We are very pleased with the initial results from the RS-22-03 step-out hole. Hitting massive graphite alongside sulphides has given us valuable data that will assist in visualizing the structure and trend of the Rockstone deposit. The observed mineralization has warranted an extension of the program with the drilling of the RS-22-04 hole” said Zayn Kalyan, CEO of Infinity Stone. “We look forward to analysis of the core samples, alongside the results of our ongoing metallurgy program at SGS, as we work towards next steps in furthering exploration on this exciting project”, furthered Mr. Kalyan.
Other related developments from around the markets include:
2022 Field Program at its 100%-owned Graphite Creek Project in Alaska. The 2022 Field Program included infill and step-out core drilling in the resource area. Additional core and sonic drilling were completed for geotechnical data collection at the proposed mill site, planned dry tailings/waste rock storage areas and the access route. A total of 2,090 meters were drilled during the 2022 Field Program, including infill drilling and exploration drilling on the geophysical anomaly. Core drilling in the deposit area continued to encounter visible graphitic mineralization over wide intervals consistent with previous drilling results as reported in 2021 and as detailed in the press release of August 29, 2022 regarding Graphite One’s 2022 Pre-Feasibility Study.announced it has completed the
Lac Guéret graphite property. NMG is reinforcing its governance and financial expertise with the nomination to its Board of Directors of Stephanie Anderson. In a market with tight supplies (Benchmark Mineral Intelligence, October 2022) and increasingly stringent regulation on battery materials sourcing (U.S. Government, August 2022), NMG is positioning itself as a leading sustainable, reliable, scalable, and local source of active anode material for the growing Western World electric vehicle industry.provided a progress update on its business strategy in a quarter that saw the signing of a transformative commercial partnership with Panasonic Energy Co., Ltd. and Mitsui & Co., steady advancement of the Company’s Phase 2 projects, and commencement of active planning for its potential growth through the development of the
Phase 1 of the Molo Graphite Mine in Madagascar. The Processing Plant has arrived and been unloaded at the local port of Fort Dauphin in Madagascar and has cleared customs. Company-appointed logistics specialists have now commenced transporting all modules of the Processing Plant, including two mobile cranes, to the mine site. Earthworks at the mine site are complete and civil works are on schedule to be completed by the time the Processing Plant arrives. It is expected to take approximately 45 days to re-assemble the Processing Plant, which was previously erected and underwent Factory Acceptance Testing prior to shipment. Once re-assembled, the Processing Plant will undergo Site Acceptance Testing, which is the final step before mine commissioning. The pre-fabricated units for the camp accommodations and auxiliary buildings have also arrived at site and assembly of these support structures will commence shortly.provided a progress update for
Lac Tétépisca project. Phase 2 of the program was initiated following the receipt on July 6 of two land use permits from the ministry of Forests, Wildlife and Parks of Québec relating to the Manicouagan-Ouest Graphitic Corridor deposit sector and the areas of the “West Limb” and “Southwest MOCG” exploration targets. The Lac Tétépisca graphite project is wholly owned by Focus. It is located on the Nitassinan (ancestral territory) of the Pessamit Innu in the Côte-Nord region, 234 km north-northwest of the city of Baie-Comeau. Marc Roy, CEO of Focus, said: “Our team is pleased to have obtained the necessary approvals to launch the second phase of drilling on our Lac Tétépisca project. We are now able to continue exploration drilling on the West Limb and Southwest MOGC targets as well as deep infill drilling on the MOGC deposit.”announced the launch of the second phase (12,000 m) of its 2022 core drilling program on its
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Infinity Stone Ventures Corp. by Infinity Stone Ventures Corp. We own ZERO shares of Infinity Stone Ventures Corp. Please click here for full disclaimer.
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