08:41:33 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Infinity Stone Ventures Corp (2)
Symbol GEMS
Shares Issued 46,464,423
Close 2024-01-05 C$ 0.05
Market Cap C$ 2,323,221
Recent Sedar Documents

Infinity Stone in negotiations to option two properties

2024-01-05 10:26 ET - News Release

Mr. Glenn Giles reports

Infinity Stone Ventures Corp. is in negotiations with two different entities to option, joint venture or sell 100-per-cent-owned ground in two separate projects owned by the company.

The two projects receiving unsolicited offers and current negotiations are for the project covering 100-per-cent ground in the area of Frontier Lithium Inc. in Ontario, that project acquisition announced March 31, 2022, and April 6, 2022, and the other project area being the Zen Whoberi copper project located in Quebec, which acquisition was announced on May 30, 2022.

As well, an extension of anniversary expiration date has been made to the Ontario Ministry of Mining Lands for the project area in the area of Frontier Lithium, due to the unprecedented fire season of 2023 not allowing access to the project area, combined with all helicopters in the region at the time on Ontario Ministry of Forests fire duty or standby fire duty.

The company is also in advanced negotiations on the acquisition of a historic copper occurrence located in Quebec that meets the submission criteria listed below, with no definitive agreement made at this time.

In all negotiations, there is no guarantee of successful sales or purchase. If any agreements are signed, they will be announced immediately on signing.

The company assets other than the project in the Frontier Lithium area and the Zen Whoberi copper project, are the recently announced 100-per-cent acquisition of the Tesla iron project located in Quebec, which the company's qualified person continues to review historic information to report, 100-per-cent-owned ground located in the area of Winsome Resources' Cancet project, 100-per-cent-owned ground in the area of Li-Ft Power Ltd.'s acquisition, announced on Dec. 30, 2022, and known as the Shorty West project, the 100-per-cent-owned Thor manganite project located in Quebec, announced Aug. 9, 2022, the Galaxy project located in Quebec, which acquisition was announced on July 6, 2022, as well as a few other parcels of ground located in Quebec, and 100-per-cent ownership of ground in the area of Power Metals in Ontario.

The company continues to review rare earth projects, copper projects and lithium projects, and invites submissions on these types of projects, but most specifically sedimentary-hosted copper projects and pegmatite-hosted lithium projects, to the company at infinityprojectsubmittal@gmail.com. The board has also set individual director renumeration at $200,000 per annum per director, which currently comprises three directors: Glenn Giles, Jeremy Close and Ana Laura Lopez Pineda, with additional directors anticipated to be added in the future -- no definitive appointments as of this news release.

The company has also received an MCTO (management cease trade order) to complete its annual audited financial statements.

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 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 the 100-per-cent acquisition of the Tesla iron projects located in Quebec.

We seek Safe Harbor.

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