One of the stocks that may be worth tracking this week is Infinity Stone Ventures Corp (CSE:GEMS) (OTC:TLOOF) after it came into the news cycle earlier on in the week on September 12. The company announced on that day that it had gone into a contract with the firm SGS Canada Inc.
On Thursday, TLOOF stock is down 1.39% to $0.1951 with 39K shares, compared to its average volume of 193 shares. The stock moved within a range of $0.1951 – 0.2049 after opening trading at $0.20.
The contract is related to the hydrometallurgical and floatation test program that is going to be conducted on a 2.7 kg sample that had been retrieved from the Rockstone Graphite Project. The project is situated not far from the City of Thunder Bay in Ontario, Canada and belongs to Infinity Stone. However, that is not all. Further tests are going to be conducted in order to find out if it is possible for further removal of impurities from purified graphite by way of acidic fluoride leaching.
The ultimate aim of the whole exercise is to eventually produce graphite of the level of purity that is of the electric vehicle grade. That will be of 99.8% Cg purity. As it happens Infinity Ventures had actually conducted such a thing with SGS Labs and at the time, the purity of the sample sources from the Rockstone Project stood at 96.1% cg purity. Hence, the company would certainly be hoping for better results this time.
In this regard, it is also necessary to point out that the electric vehicle battery market has boomed at an unprecedented rate and graphite remains the most important mineral in the manufacturing process. Modern electric vehicle battery cells need 1.2 kilograms of graphite for each kWh of energy capacity that is produced.