$GEMS.c scoops up additional lithium assets in QC Infinity Stone Ventures (CSE: GEMS) has managed to raise gross proceeds of $201,250 with the closing of the first tranche of its private placement. The company intends to put these proceeds towards working capital, and the advancement of its lithium pegmatite projects in QC.
The company recently announced its intent to acquire the Galaxy Pegmatite project in Quebec by entering into an LOI with Quartier Minerals. The project hosts 30 pegmatite exposures which represent 30 pegmatite dikes. Blasting and pitting have shown these pegmatites to have widths of 15 to 18 meters in outcrop.
With the lithium market forecasted to almost double by 2028, this junior explorer is going to be a high-potential gainer to watch.
$GEMS.c is currently trading at $.2, valued at only $4.85 million.
https://ceo.ca/@newsfile/infinity-stone-closes-first-tranche-of-private-placement