Infinity Stone Ventures Corp (CSE:GEMS) has said it will be presenting at the Future Minerals Forum being held from January 10-13, 2023, in Riyadh, Saudi Arabia.
The company said its CEO Zayn Kalyan and executive chairman Michael Townsend will be present and meeting with industry leaders in the critical mineral sector, with a focus on building strategic relationships for financing alongside potential partnerships for the company’s current and future projects.
Infinity Stone highlighted Saudi Arabia’s recently announced plans to invest in the production of battery metals as part of its push to diversify its economy and reduce its reliance on oil exports.
READ: Infinity Stone Ventures adds new lithium project in Canada's Northwest Territories to its portfolio
The country is planning to develop a $2 billion EV battery metals plant and a $4 billion steel plate mill complex as part of $32 billion of investments targeting the kingdom's mining sector amid economic diversification in the world's biggest oil exporter, the company noted.
“The Middle East is playing an increasingly integral role in the global energy transition as countries in the region make hallmark investments in all aspects of the battery metal supply chain," CEO Kalyan said in a statement.
“Infinity Stone's portfolio is strategically positioned to support this transition and is an ideal candidate for investment from countries in the region," he added.
Pursuing lithium projects in Central Africa
Further, the company said it would be meeting with project owners and strategic investors regarding its intent to acquire a lithium, tin, and tantalum project located in one of the most prospective lithium belts in Central Africa.
Infinity Stone said the area of interest is in Manono in the Democratic Republic of the Congo, which has seen a number of recent major, high-grade, hard rock lithium discoveries, and has become a considerable area of interest for lithium exploration.
The company said that it hopes to provide a further update on the Africa project in the coming weeks.
Infinity Stone’s mission is to be a diversified, single-source supplier of the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio.
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