With both EV and wireless device demand continuing to skyrocket, lithium and battery metals have never seen more demand than now. This is why the market is estimated to nearly triple by 2028 as existing and new car companies enter the EV space.
- The US government has set aside $3.16B in funding to support battery supply chains (manufacturing, processing, and recycling).
- Tesla released plans to build a new battery factory in Indonesia due to the high demand.
- Even Caterpillar is starting to develop electric vehicles for a more industrial focus.
Infinity Stone Ventures ($GEMS.C) is well-positioned to capitalize on the continued investment in the space. They recently announced that it has staked a mineral claim adjacent to Patriot Battery Metals' impressive Corvette Lithium project in Quebec ($PMET.C: $144M market cap). Furthermore, $GEMS.C has acquired claims adjacent to Frontier Lithium’s high-grade PAK Project ($FL.V: $700m market cap) and has optioned the Rockstone Graphite project. The Rockstone project is located just 50km west of Thunder Bay and has great infrastructure access. Previous VTEM surveying found battery-grade levels of purity and $GEMS.C is currently working with the prior exploration team to draft a NI 43-101-compliant report based on the work done for further exploration (initial goal to twin the discovery hole in the coming months).
Overall, as they continue to expand their property assets and diversify potential mineral targets, I think the company has a lot of potential to capitalize on the market. The stock hasn't performed too poorly over the past couple of months despite the overall market continuing to sell off. $GEMS.C is looking fairly undervalued here with a market cap of $5M, worth a look here.
Check out this more in-depth CEO interview if you're interested: https://youtu.be/_EJOEiao4qs