GEMS.c plans to meet coming graphene demand. With graphite anticipated to see a deficit into 2025, Infinity Stone Ventures (CSE: GEMS) has announced its plans to commence Fall drilling at its Rockstone Graphite Project.
GEMS intends to diamond drill approximately 600 metres across 3 holes, with focus on twinning of GC-12-01 discovery hole, which intercepted 25% Cg over 24 metres. In addition to twinning the GC-12-01 hole, two additional drill holes are planned to determine structural morphology, lateral extent and depth of graphite mineralization.
Fastmarkets has recently forecasted natural graphite consumption in the battery sector to rise to be on par with consumption from steel manufacturing (refractories) in 2023, and to far exceed refractories' consumption of natural graphite in 2024. Furthermore, it was projected by 2025 that natural graphite consumption in batteries would exceed consumption from all traditional uses combined.
GEMS.c is currently trading at $.275, valued at $20.85 million.
https://ceo.ca/@newsfile/infinity-stone-to-commence-drilling-on-rockstone-graphite