With the electric vehicle market accelerating, investors may want to pay close attention to the graphite market. “We're now projecting that by the end of next year, batteries will be the number one leading market for graphite,” says Andrew Miller, chief operating officer at Benchmark Mineral Intelligence, as quoted by InvestingNews.com. “So, this is a turning point for the industry.” In addition, to meet rising demand, Benchmark Mineral Intelligence estimates that up to 150 new operations across natural and synthetic graphite are needed by 2035. That’s creating big opportunity for natural graphite companies, such as Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF), Nouveau Monde Graphite Inc. (NYSE: NMG) (TSXV: NOU), NextSource Materials Inc. (TSX: NEXT) (OTC: NSRCF). It would be beneficial for electric vehicle stocks, like Tesla (NASDAQ: TSLA), as well.
Look at Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), For Example
Infinity Stone Ventures Corp. announced that it has successfully refined samples from the Rockstone Graphite Project to 99.73% Cg in its metallurgical program metallurgical program with SGS Canada Inc. The Company intends to spin out the Rockstone Graphite project which is located near Thunder Bay, Ontario, to Infinity Stone shareholders by dividend or plan of arrangement. With the recent results of the fall drill program on Rockstone, the Company believes that Rockstone presents a prospective opportunity warranting an expanded exploration program to build further shareholder value as a standalone entity. The metallurgical testing at SGS achieved the reported purity of 99.73% Cg through NH4F/H2SO4 leach on flotation concentrate.
"As one of our most developed projects, Rockstone presents an opportunity for potential development and exploration upside. Rockstone has the best opportunity for further investment and accretive value to existing shareholders in a standalone entity. With a completed spin out, the new entity would have an opportunity to further develop the Rockstone asset, alongside other potential graphite opportunities", said Zayn Kalyan, CEO of Infinity Stone. "Graphite is receiving considerable attention in international markets, specifically Australia, where we see potential for accretive valuations for assets like Rockstone and we intend to explore all available avenues with regard to the spin out structure. We intend to continue to replicate this model and/or joint venture, with other projects in our portfolio. Infinity Stone has continued to invest in many of its assets, with the project generation-spinout model enabling long-term shareholders to realise potential upside in the successor entities," furthered Mr. Kalyan.
As announced on January 25, 2023, the Fall Drill Program on Rockstone intersected graphite in all four holes with, with assays returning 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 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.
Table 1: Drill Program Highlights
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.
While the Company works through the process of spinning out the Rockstone Graphite Project, 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 of the results of the Fall Drill Program, ahead of a planned geophysics program, including a down-hole magnetic survey.
Other related developments from around the markets include:
Graphite One Inc. is planning a complete domestic U.S. supply chain for advanced graphite materials, is pleased to announce drill results from its 2022 Field Program at its Graphite Creek Property, located in the Kigluaik Mountains on the Seward Peninsula approximately 60 kilometers (37 miles) north of Nome, Alaska. Graphite Creek is living up to its designation by the US Geological Survey as the largest and highest grade graphite resource in the United States.
Conducted from June to September 2022, the field program was comprised of increasing the field camp capacity, completing key environmental baseline studies, and drilling 1,940 meters of core for resource definition as well as 210 meters of geotechnical drilling for mill site and tailing area determination.
Nouveau Monde Graphite Inc. has filed the preliminary economic assessment for the Uatnan mining project located in Québec, Canada, with the securities commissions and regulatory authorities in Canada and the U.S. The PEA, conducted by engineering firms BBA Inc. and GoldMinds Geoservices Inc. according to National Instrument 43-101 Standards of Disclosure for Mineral Projects, was carried out in collaboration with Mason Graphite Inc. as the Uatnan Mining Project leverages the Lac Guéret deposit wholly-owned by Mason Graphite and subject to an investment agreement and option and joint venture agreement with NMG.
NextSource Materials Inc. announced that construction of the processing plant and mining camp for the Company’s Molo Graphite Mine in Madagascar is now complete, and that the entire mining fleet is at site. President and CEO, Craig Scherba, commented: “We are now entering the final stages of development of Phase 1 and are fast approaching first production. We look forward to providing a more detailed update as we progress through commissioning.” Electrical interconnections between plant modules are in progress, which will be followed by commissioning and the start of mining activities. Plant commissioning will be followed by a ramp up period of up to three months prior to achieving commercial production.
Tesla just announced it will host Tesla's 2023 Investor Day on March 1, 2023. The event will be live streamed from our Gigafactory Texas, with the option for some of our institutional and retail investors to attend in person (details to follow). Our investors will be able to see our most advanced production line as well as discuss long term expansion plans, generation 3 platform, capital allocation and other subjects with our leadership team. For additional information, please visit https://ir.tesla.com.
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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