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Infinity Stone's B.C. coal licence application accepted

2024-11-11 17:52 ET - News Release

Ms. Ana Lopez Pineda reports

Q-GEMSF COAL OCCURRENCE APPLICATION APPROVED

Infinity Stone Ventures Corp., through an agent, has made a coal licence application with the B.C. Ministry of Energy, Mines and Low Carbon Innovation which has been accepted and provided with a coal licence application number.

The coal licence application covers a historic coal occurrence located in British Columbia. The next step in the process to coal licence is providing stakeholders and the B.C. Ministry of Energy, Mines and Low Carbon Innovation a proposed plan.

The historic coal occurrence is outlined on the B.C. Ministry minfile system and can be viewed on-line. This historic coal occurrence is in the area of Glencore, producing B.C. coal assets which were purchased from Teck Resources in summer 2024.

Barron's magazine reported on Nov. 6, 2024, "Coal Is One of the Biggest Winners from Trump Victory," and Duke Energy reported on Nov. 7, 2024, that it is revisiting coal plans if President elect Trump axes pollution rules, but even prior to this in summer 2024 several news outlets and the International Energy Association have reported " ... Global coal demand is set to remain broadly unchanged in both 2024 and 2025 ... The world's use of coal rose by 2.6 per cent in 2023 to reach an all- time high ... "

Coal companies Arch Resources and Consol Energy have announced an impending merger to become a dominant world coal producer and supplier.

The G7, which includes Canada and United States, have an agreed protocol to curb coal for energy usage to complete non-coal electricity generation between 2030 to 2035 to reduce carbon emissions. The protocol does not include coal for coking processes, and if President elect Trump removes the U.S. from the G7 protocol and axes pollution rules in the U.S., not only will NAFTA (North America Free Trade Agreement) rules be required to be adhered to but there may be a push to cheaper construction cost coal-generating electricity plants, as the cost to build a coal powered plant ranges from $1,000 to $4,500 per each kilowatt of installed capacity, a 1,000-megawatt coal-fired power plant could cost in most cases between $1 billion and $4.5 billion and the cost to build a nuclear power plant ranges from $5,500/kW to $8,100/kW or between $6-billion and $9-billion for each 1,100 MW plan. India and China continue building coal energy generating plants, with China approving over 300 new coal power plants in 2024, and both countries have increased coal consumption. The recent published statistics report that China has 1,161 coal plants, India with 285 coal plants and the U.S. is ranked third with 203 coal plants. Canada continues to have eight coal powered-plants in operation.

Infinity Stone also owns 100-per-cent interest in claim titles covering a historic Anthracite occurrence located on the Gaspe Peninsula in Quebec.

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 interests 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., a new gold discovery, with the ground adjacent to Fathom Nickel Inc.; the Thor manganite occurrence located in Quebec; ground adjacent to Quebec Innovative Materials Corp.'s hydrogen discovery in Quebec; ground adjacent to Fission Uranium and Oberon Uranium in Saskatchewan; the Gallium project in Quebec; and the Term Point historical artisanal gold mine located in Nunavut, with reported 78.5 ounces recovered from 500 kilograms of mined material in 1928.

We seek Safe Harbor.

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