Infinity Stone successfully refines Rockstone graphite to battery grade

Infinity Stone Ventures has successfully refined graphite samples from its Rockstone project near Thunder Bay, Ontario, to 99.73% carbon, which is well within reach of being suitable for battery production.

The achievement is timely with the company flagging its intent to spin out the project with ownership to be distributed to existing shareholders.

Along with recent drill results, such as the eye popping 101m intersection grading 3.36% cg (total carbon in graphite) including 4.32m at 21.96% cg, Infinity Stone Ventures believes that the planned spin-out will further unlock shareholder value.

“As one of our most developed projects, Rockstone presents an opportunity for potential development and exploration upside,” chief executive officer Zayn Kalyan said.

“Rockstone has the best opportunity for further investment and accretive value to existing shareholders in a standalone entity. With a completed spin out, the new entity would have an opportunity to further develop the Rockstone asset, alongside other potential graphite opportunities.

He added that the company planned to replicate this model or through joint ventures with other projects in its portfolio.

“Infinity Stone has continued to invest in many of its assets, with the project generation-spinout model enabling long-term shareholders to realise potential upside in the successor entities,” Kalyan concluded.

Rockstone graphite

The 785 hectare Rockstone graphite project is just 45km west of the seaway port at Thunder Bay and has excellent infrastructure including logging haul roads providing access which connect to paved/gravel roads with nearby railways and a shipping port.

Previous drilling had already returned results such as 24m at 25% cg.

Rockstone also features natural graphite which already possesses the spherical shape of the graphite used in batteries.

This article was developed in collaboration with Infinity Stone Ventures, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.