Q-GEMSF Acquires Historic Rare Earths Project with Reported 226 g/t Gallium, 2.38% Neodymium and 0.93% Gadolinium, Seeks North American Government Funding
Vancouver, British Columbia, Canada – June 26, 2024 – Infinity Stone Ventures Corp. (Q:GEMSF) (FSE:B2I) (the “Company” or “Infinity Stone”) announces today the acquisition of 100% interest in a historic Rare Earth project located in Quebec.
The historic reported results are significant, with highest values reported of 226 grams per tonne Gallium, 0.93% Gadolinium. Other results from the same grab sample were reported as: 1.51 % Be, 2.99 % Ce, 1.41 % Dy, 1.08 % Er, 226 ppm Ga, 0.93 % Gd, 0.32 % Ho, 0.74 % La, 0.17 % Lu, 2.38 % Nd, 0.5 % Pr, 0.81 % Sm, 0.21 % Tb, 0.47 % Th, 0.19 % Tm, 0.19 % U, 6.94 % Y, 1.25 % Yb.
The Gallium values are significant as Australian Stock Exchange listed Gold 50 Ltd., recently announced a financing for the Gallium drilled results which range from 40 grams per tonne Gallium to over 10 grams per tonne Gallium in multiple holes on an Australian Project. Critically, since China has limited exports of Gallium the price for Gallium has increased dramatically, with China doubling prices to 454 Pounds per Kilogram as reported April 8, 2024.
Ana Laura Lopez Pineda a current Director of the Company stated, “The dramatic rise of the price of Gallium coupled with the significant historic results reported, which are 6 times to 20 times higher than the reported drill intercept values of Australia based Gold 50 Ltd., which has raised over 1.5 million dollars to advance their Gallium project, offers an exceptional opportunity for the Company. As well, the Gadolinium value reported is just under 1% Gd which is the value used to boost the strength of certain iron and chromium alloys and used in Nuclear Reactors. The Company will seek government financing to advance these projects as Canada recently announced the refusal of a takeover by a Chinese based Company of a Canadian Rare Earth project.”
About Gallium
Gallium is a rare earth and supplies worldwide are limited and controlled by China. Gallium is listed as a Critical Metal for North American supplies. Gallium arsenide has a similar structure to silicon and is a useful silicon substitute for the electronics industry. Gallium is an important component of many semiconductors.
Investors can visit www.infinitystoneventures.info for updates.
About Infinity Stone Ventures Corp.
Infinity Stone’s mission is to be a diversified, single-source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS (software as a service) solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100-per-cent interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final-use destinations in North American manufacturing hubs. The company recently announced its 100-per-cent acquisition of 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.
Connect with Infinity Stone: www.infinitystoneventures.info
Contact:
ANA LAURA LOPEZ PINEDA
Interim Corporate Secretary and Director
Telephone: 1-604-378-0648
Neither the CSE nor its Regulation Service Provider, nor any other Exchange and Related Regulation Service Provider, accepts the responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Media Contact
Company Name: Infinity Stone Ventures Corp.
Contact Person: Ana Laura Lopez Pineda
Email: Send Email
Phone: 1-604-378-0648
Country: Canada
Website: http://www.infinitystoneventures.info
