The world needs to get its hands on as much lithium supply, if our climate goals are to be met. Right now, according to National Defense, “Lithium batteries are predicted to be one of the key technologies of the 21st century, powering everything from electric vehicles to military systems, power grids and industrial electronics. By 2030, global demand for the batteries is expected to increase more than five times, and U.S. demand nearly six times. However, the U.S. battery supply chain is hampered by a heavy reliance on foreign imports and a lack of domestic support.” That being said, we only expect for thelithium bull market to accelerate from here forward. That’s a solid catalyst for companies, such as Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), Patriot Battery Metals (OTC: PMETF) (TSXV: PMET), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI).
Look at Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), For Example
Infinity Stone Ventures Corp. announced its forthcoming spring work on its Camaro and Hellcat Lithium Project adjacent to Patriot Battery Metals Corvette Lithium Discovery in the James Bay Lithium District of Quebec. The Spring Work Program will include in mapping and surveying for new pegmatites, targeted sampling, short hole drilling, and trenching, particularly on the rouget-greenstone that underlain the Hellcat claim block, all with the goal of deriving clear targets for a follow up drill program. The Company expects that its exploration team will be able to mobilise early in the month of May, and is closely monitoring the weather conditions.
Infinity Stone intends to leverage short hole drilling with a “backpack” drill on targeted areas across the claim blocks. Beyond this, the Company’s exploration team also intends to use a laser induced breakdown spectroscopy surveyor or “LIBS Gun” with the aim of testing samples for Li in the field, to assist in defining drill targets.
“We are excited to refocus our efforts on the Camaro Hellcat Project given the recent developments on Patriot Battery Metal’s Corvette discovery, alongside positive upstream developments, including the recent announcement by VW to build a lithium battery plant in Ontario”, said Zayn Kalyan, CEO of Infinity Stone. “We understand that many of our shareholders have wanted us to conduct further exploration on our James Bay project but have been unable to conduct substantial work over the winter due to snow cover. As spring rapidly approaches we are eager to get boots on the ground to conduct a more thorough survey of the claims, particularly the Hellcat where we have identified the most prospective geology. The continued investment by other Companies in the region, including Patriot’s recently announced $50m flow-through financing, will enable Infinity Stone to operate more efficiently and economically with more robust infrastructure”, furthered Mr. Kalyan.
The Hellcat claims are underlain by 9 km of strike length of underexplored greenstone and metasediments of the Mesoarchean Rouget formation and Neoarchean Marbot formation respectively. The under-explored Rouget formation greenstone belt represents an attractive exploration target which is geologically similar and proximal to the Guyer Group greenstone which hosts the PMET Corvette Pegmatites.
The fall exploration program in October 2022, was successful in confirming historically mapped pegmatites and identified new showings.
One of the significant highlights of the Fall Program was the identification of a cluster of highly prospective pegmatitic dykes and cross cutting structures near the northern margin of the Hellcat claims extending to the north, which resulted in the Company expanding its claim area.
Other related developments from around the markets include:
Patriot Battery Metals President, CEO and Director, Blair Waycommented: “The Corvette Property is shaping up as an extraordinary discovery and the strong support shown for this capital raising is a testament to that. We are now fully funded to undertake an expanded exploration, environmental and prefeasibility study programs well into 2024 and continue to deliver our business plan without the fear of uncertain market conditions facing the world currently. We will be expanding our June to October drill program to aggressively advance the drilling of the targets on the Property including the definition of an initial resource at CV13, drill other CV cluster targets, and conduct grassroots field work on the remaining 20 plus kilometres of favourable geology extending across the Property that has never been assessed for lithium pegmatite.”
Albemarle Corporation, a global leader in transforming lithium and bromine into essential ingredients for mobility, energy, connectivity and health, signed definitive agreementswith Mineral Resources Limited to restructure the parties' MARBL lithium joint venture in Australia and separately for MinRes to invest in Albemarle conversion assets in China. "Our Australian lithium assets are core to Albemarle's strategy to build a globally diversified portfolio of best-in-class assets and resources," said Kent Masters, Albemarle CEO. "Inherent to that strategy is managing our global portfolio to maximize growth optionality and maintain a leading position in a dynamic, growing market. Our restructured MARBL joint venture enables each partner to deliver long-term value to our customers."
Lithium Americas commenced construction at its 100%-owned Thacker Pass lithium project in Humboldt County, Nevada, following the receipt of notice to proceed from the Bureau of Land Management. “Starting construction is a momentous milestone for Thacker Pass and one we have been working towards for over a decade,” said Jonathan Evans, President and CEO. “We are excited about the prospect of generating economic growth in Northern Nevada and playing a major role in the domestic lithium supply chain for electric vehicles.”
American Lithium Corp. has appointed DRA Global as lead engineer to coordinate completion of a Pre-Feasibility Study on the Company’s Falchani Lithium Project in Southern Peru. As part of this process, Stantec Consulting Ltd. will also prepare an updated mineral resource estimate on Falchani which will involve the reclassification of existing resource categories, as well as including new drill data from the recent hydrology drilling which commenced in August 2022. The Company also announces that it has restarted additional hydrology drilling at Falchani, with full support from the local communities. This drilling is part of the Environmental Impact Assessment that was commenced in August 2022.
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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