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Infinity Stone (CSE:GEMS) announces subsidiary for Rockstone Graphite Project

Market News, Mining
CSE:GEMS
29 March 2023 14:52 (EDT)

Source: Infinity Stone Ventures.

Infinity Stone (GEMS) has established subsidiary AirCarbon Technology to develop its Rockstone Graphite Project.

Rockstone is strategically located near Thunder Bay, Ontario, near infrastructure and shipping routes to Volkswagen’s new battery plant, which recently opened its first overseas Gigafactory in St. Thomas, Ontario.

Infinity Stone has also partnered with R&D Innovation to utilize the latter’s air classification separation technology to process Rockstone samples.

The Air Classification System replaces traditional graphite milling processes that rely on flotation, chemicals, and drying, as well as reduces capital costs and eliminates the need for tailing ponds and significant infrastructure at a mine site.

After the initial pilot run of R&D’s system, Infinity Stone intends to engage NEI Corporation for coin cell testing and full material characterization of Rockstone material.

Infinity Stone will transfer the Rockstone Graphite Project to AirCarbon, which will assume all further obligations under an option agreement.

Infinity Stone aims to list AirCarbon on a Canadian securities exchange in the near future.

CEO and Director of Infinity Stone, Zayn Kalyan, believes that graphite is being overlooked in the market despite its critical position in the battery metal supply chain.

Infinity Stone Ventures (GEMS) opened trading at $0.105.

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