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Infinity Stone Ventures Corp C.GEMS

Alternate Symbol(s):  GEMSF

Infinity Stone Ventures Corp. is a Canada-based company. It is a diversified, single-source supplier for the critical energy metals alongside its established software as a service (SaaS) solution portfolio. It serves battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators. It has acquired 100% the Goldstone Project in Saskatchewan in the area of Ramp Metals Inc., new Gold Discovery, with the ground adjacent to Fathom Nickel Inc.; the Thor manganite occurrence located in Quebec; ground in Ontario and British Columbia in the area of American Eagle Gold Corp. and Defense Metals Corp.; ground adjacent to Frontier Lithium in Ontario; and ground adjacent to Li-FT Power in the Northwest Territories, and ground adjacent to Power Metals in Ontario. It has also acquired 100% interest in a Rare Earth project located in Quebec, having high value of Gallium and Gadolinium.


CSE:GEMS - Post by User

Post by Seppi2019on Oct 24, 2022 3:56am
265 Views
Post# 35042937

Info.

Info.https://www.derfinanzinvestor.de/kommentare/uebernahmefieber-bei-lithium-beginnt-infinity-stone-ventures-mercedes-benz-rio-tinto-aktie#toc-infinity-stone-ventures-batterierohstoffe


Rio Tinto seeks lithium projects worldwide

Rio Tinto Group is seeking proposals to buy lithium companies and projects as the mining giant looks to get into the business around the important battery metal. This makes Rio Tinto the first of the world's largest diversified mining groups to enter the mining of lithium. The company thus also wants to be represented in the future in the interesting future market for the production of batteries for electric vehicles. As the transition to cleaner energy sources and the reduction of dependence on fossil fuels is driven worldwide, demand will increase ever more strongly and the corresponding margins in this segment will be high for years.

Rio Tinto Group originally wanted to develop a huge underground lithium mine in Serbia to production maturity so it could supply automotive production in Germany. But earlier this year, the Serbian government blocked the development because thousands of demonstrators took to the streets to protest the project. As a result, Rio is buying a lithium mine in Argentina for $825 million and plans call for it to be operational in 2024. But the industrial appetite for lithium is significantly higher than the supply, so Rio Tinto wants to invest billions more in the sector. This should drive the takeover fantasy among some explorers, provided the projects are big enough for Rio Tinto.

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