Proactiveinvestors Australia Infinity Lithium Corporation Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Infinity Lithium Corporation Ltd RSS feed en Wed, 17 Jul 2019 10:34:17 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Infinity Lithium to sell Gabonese potash assets as it focuses on lithium in Spain ]]> https://www.proactiveinvestors.com.au/companies/news/223542/infinity-lithium-to-sell-gabonese-potash-assets-as-it-focuses-on-lithium-in-spain-223542.html Infinity Lithium Corporation Limited (ASX:INF) has signed a binding Letter of Intent (LOI) for the sale of wholly-owned subsidiary Equatorial Potash Pty Ltd (EPPL) and its Gabonese potash assets.

Selling the assets in Gabon will enable Infinity to place its sole focus on an integrated European lithium strategy based on its San Jose project in Spain.

The LOI grants an exclusive option to purchase a 100% interest in EPPL for consideration of up to US$3 million in cash or shares.

EPPL holds a 100% interest in Mayuma Potasse SARL, which holds 100% of the Banio and Mamana Potash Projects in Gabon.

Holding costs attributable to these projects will be met by the holder of the option over the term of the option period.

READ: Infinity Lithium Corporation secures $1.5 million to complete PFS

Infinity Lithium managing director Ryan Parkin said: “The Gabonese potash assets are high-quality, proven potash deposits with great potential.

“Infinity has previously announced its intention to divest the Gabon assets and is now focused solely on the lithium industry, having recently advanced to 75% ownership of the San Jose lithium deposit in Spain.

“This warrants our absolute focus and attention.

“Having a deal structure which can deliver real value through removing holding costs for Gabon and providing leverage to equity upside is a good outcome.”

READ: Infinity Lithium sees significant opportunity in European domestic lithium supply chain

Infinity acquired the potash assets prior to becoming involved in the San Jose Lithium Project in Spain.

A positive drilling program led by Infinity in 2017 was successful in establishing a camp, setting up in-country infrastructure, obtaining a mining convention over the Banio project and delivering a maiden JORC resource.

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Tue, 09 Jul 2019 09:57:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223542/infinity-lithium-to-sell-gabonese-potash-assets-as-it-focuses-on-lithium-in-spain-223542.html
<![CDATA[News - Infinity Lithium Corporation's CEO and managing director buys shares on-market ]]> https://www.proactiveinvestors.com.au/companies/news/223081/infinity-lithium-corporation-s-ceo-and-managing-director-buys-shares-on-market-223081.html Infinity Lithium Corporation Ltd (ASX:INF) managing director and CEO Ryan Parkin has purchased 134,000 shares in the company through on-market trades.

The $9,968 purchase increases his overall holding in the company to 223,182 shares.

READ: Infinity Lithium Corporation secures $1.5 million to complete PFS

Last week, Infinity received commitments to raise $1.5 million from sophisticated investors in a share placement priced at 7 cents per share.

Funds raised will be primarily used to complete the pre-feasibility study (PFS) on the company’s flagship San Jose Lithium Project in Spain.

The PFS will build on the November 2018 scoping study that valued the lithium project at up to US$1.017 billion.

Proactive caught up with Parkin and executive director Vincent Ledoux Pedailles in May 2019 for an update.

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Mon, 01 Jul 2019 08:46:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223081/infinity-lithium-corporation-s-ceo-and-managing-director-buys-shares-on-market-223081.html
<![CDATA[News - Infinity Lithium Corporation secures $1.5 million to complete PFS ]]> https://www.proactiveinvestors.com.au/companies/news/222892/infinity-lithium-corporation-secures-15-million-to-complete-pfs-222892.html Infinity Lithium Corporation Ltd (ASX:INF) has received commitments to raise $1.5 million from sophisticated investors in a share placement priced at 7 cents per share.

Funds raised will be primarily used to complete the pre-feasibility study (PFS) on the company’s flagship San Jose Lithium Project in Spain.

The board of directors also intends to participate in the placement to the value of $80,000 and will seek shareholder approval at the August general meeting.

READ: Infinity Lithium sees significant opportunity in European domestic lithium supply chain

Infinity’s chairman Kevin Tomlinson said: “It is pleasing to see commitment from management and the introduction of key European shareholders through this placement.

“I believe this reflects the increasing transition to European based management and financial support as the San Jose Lithium Project develops.

“The placement brings the benefit of funding the company for the next phase of its growth and raising the profile of the company both domestically and internationally.”

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Thu, 27 Jun 2019 11:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222892/infinity-lithium-corporation-secures-15-million-to-complete-pfs-222892.html
<![CDATA[News - Infinity Lithium enters trading halt ahead of capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/222716/infinity-lithium-enters-trading-halt-ahead-of-capital-raising-222716.html Infinity Lithium Corporation Ltd (ASX:INF) has been granted a trading halt by the ASX pending the release of information regarding a capital raising.

Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Thursday 27 June 2019.

READ: Infinity Lithium sees significant opportunity in European domestic lithium supply chain

The company is witnessing an increasing focus in Europe on developing an integrated lithium supply chain within the continent.

Infinity's San Jose Lithium Project in Spain is in a unique position to supply the European lithium-ion battery and electric vehicle (EV) industries.

The company is on track to complete the San Jose pre-feasibility study (PFS) next month.

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Tue, 25 Jun 2019 11:53:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222716/infinity-lithium-enters-trading-halt-ahead-of-capital-raising-222716.html
<![CDATA[News - Infinity Lithium sees significant opportunity in European domestic lithium supply chain ]]> https://www.proactiveinvestors.com.au/companies/news/222381/infinity-lithium-sees-significant-opportunity-in-european-domestic-lithium-supply-chain-222381.html Infinity Lithium Corporation Ltd (ASX:INF) is witnessing an increasing focus in Europe on developing an integrated lithium supply chain within the continent.

The company’s San Jose Lithium Project in Spain is in a unique position to supply the European lithium-ion battery and electric vehicle (EV) industries.

Infinity is on track to complete the San Jose pre-feasibility study (PFS) next month.

READ: Infinity Lithium's positive test results support PFS at San Jose Lithium Project

Speaking to S&P Global Platts on Tuesday, Vincent Ledoux Pedailles, an executive director at Infinity Lithium, said it would be "very difficult, or even impossible, for Europe to catch up with China" and, instead, it must focus on its own strengths and develop domestically.

He said European countries understood it was critical to de-risk the strategic supply for EVs, which starts with battery metals such as lithium.

Pedailles added: “Today, a large majority of lithium chemicals are shipped from China as nothing is being produced in Europe.

"A lot of money has already been allocated to EV development, a lot of investment is going in building large lithium-ion battery factories.

“But now the focus of Europe and the European Commission is to develop lithium production on the continent."

READ: Infinity Lithium Corporation sees increasing support for lithium projects in EU

Last week European battery producer Northvolt secured $1 billion to finance construction of Europe's first home-grown lithium-ion gigafactory, to be located in Sweden and backed by German automakers BMW and Volkswagen, in an attempt to compete in the growing global electric-vehicle revolution.

In the wake of the so-called "diesel-gate" scandal that broke in 2015, VW has been pushing hard to electrify its fleet.

It has said it can only do so much to help Germany's EV plans, and that the country's government needed to step up its efforts.

Recently, VW said it was aiming to install 36,000 electric vehicle charging points by 2025 across Europe, 11,000 of them developed by the VW brand directly.

By the early 2020s, buying an EV may be cheaper than a traditional vehicle

Europe may be investing more in the battery manufacturing industry, but questions remain as to how quickly adoption of EVs will actually take place.

Pedailles said: "I think one of the biggest hurdles has been the cost of the battery which used to represent such a large cost component of an EV.

“Ten years ago, a typical 40 kWh battery pack in an EV would have cost $40,000. Today you are lower than $8,000 and in a few years it is expected that it will be down to $4,000.

“Most experts predict that the cost of ownership of an EV today is already lower than a traditional internal combustion engine. By the early 2020s, buying an EV may be cheaper than a traditional internal combustion engine platform.”

Lithium production in Europe could be cheaper than other countries

Pedailles added: "China relies on Australia for its lithium feedstock and needs to pay transport and import duties to bring it over. We have lithium feedstock in Europe, no need for imports and therefore no taxes.

“Royalties is also an important component. In Chile, the second-largest lithium producer in the world, you have to pay up to pay up to 40% royalties on lithium. In Europe and in Spain for example, where large lithium resources are available there are no royalties.

San Jose is right next to its end market

"We have a uniquely fully integrated model where our conversion plant is right next to our mine. We have almost no transport, no import duties, and we don’t have to rely on a third party converter.

“We also have all the infrastructure we need on site including a gas pipeline adjacent to the plant, a highway, electricity, water, etc."

“The company is located right next to our end market, an end market that can rely on us to supply battery quality lithium hydroxide in the long term as we have the largest open pit based lithium resource in Europe.”

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Wed, 19 Jun 2019 13:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222381/infinity-lithium-sees-significant-opportunity-in-european-domestic-lithium-supply-chain-222381.html
<![CDATA[News - Infinity Lithium Corporation chairman picks up more shares on market ]]> https://www.proactiveinvestors.com.au/companies/news/222371/infinity-lithium-corporation-chairman-picks-up-more-shares-on-market-222371.html Infinity Lithium Corporation Ltd (ASX:INF) chairman Kevin Tomlinson has purchased an additional 110,000 shares through on-market trades.

The purchase amounted to $9,250 and increases his stake to 276,667 shares in the company.

The company is developing its flagship San Jose Lithium Project in Spain where it is investigating the viability of producing lithium hydroxide.

READ: Infinity Lithium Corporation sees increasing support for lithium projects in EU

Following on from the successful scoping study for lithium hydroxide on 29 November 2018, Infinity engaged Wave International to manage a pre-feasibility study (PFS).

The PFS is evaluating the production of battery-grade lithium in an integrated processing facility at San Jose by Infinity on behalf of the joint venture company.

Test work underpinning the PFS is focused on processing and evaluating whether mined ore can be transformed into high-value lithium hydroxide.

San José is proposed as an integrated industrial processing facility to produce lithium chemicals for lithium-ion batteries which are essential to support the EU’s burgeoning electric vehicle industry.

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Wed, 19 Jun 2019 08:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222371/infinity-lithium-corporation-chairman-picks-up-more-shares-on-market-222371.html
<![CDATA[News - Infinity Lithium Corporation sees increasing support for lithium projects in EU ]]> https://www.proactiveinvestors.com.au/companies/news/222111/infinity-lithium-corporation-sees-increasing-support-for-lithium-projects-in-eu-222111.html Infinity Lithium Corporation Ltd (ASX:INF) is witnessing continued support from the European Commission (EC) for battery raw material projects that have been recognised as critical in the defence of European interests.

The June 12, 2019 meeting between the EC and the board of the European Investment Bank (EIB) called for the prioritisation of sectors that are strategic for Europe, and specifically for battery raw material projects that focus on the process of lithium extraction and conversion to chemicals.

Battery raw materials vulnerability is becoming a rising political, economic, industrial and environmental issue whereby the European Union’s (EU) sourcing of materials has relied on the global market.

READ: Infinity Lithium confirms industry and government support for San Jose as it nears PFS completion

EC vice president Maros Šefčovič noted the EC’s focus on the threats of trade wars and an ever-competitive China looking to challenge Europe in areas of leadership, such as the automotive sector.

He added: “We need to prioritise sectors that are strategic for Europe and their value chains.”

The availability of lithium chemicals remains a significant risk for the EU’s burgeoning automotive industry.

The EC has actively identified 10 potential mining projects for lithium that, if developed, could allow the EU to move from 1 to 30% of the world production by 2030.

EU’s second largest lithium resource

Infinity’s San José Lithium Project has the EU’s second largest lithium JORC 2012 resource and is projected to provide battery grade lithium chemicals through a fully integrated production facility located on site in western Spain.

Šefčovič recognised the significant support of the EIB and the European Battery Alliance (EBA), and continued calls for the EIB to become more fully engaged in funding raw material projects in exploration, mining and refining, and linking this to industrial projects in the circular economy where the EU maintains its advantage.

Potential funding for San José

The EIB has recently announced the €350 million senior debt facility for Northvolt’s Swedish domiciled lithium-ion battery and cathode production plant.

The EBA was launched in October 2017 by Šefčovič with an objective to create a competitive manufacturing value chain for battery cells in Europe.

The EBA is due to meet with Infinity in Spain this month as the Company nears completion of the San José Lithium Project lithium hydroxide Pre-feasibility Study (PFS).

The support of the EBA can assist in the progression of funding opportunities with the EIB for San José.

READ: Infinity Lithium's positive test results support PFS at San Jose Lithium Project

Infinity executive director Vincent Ledoux-Pedailles was invited as key speaker on Europe’s lithium market at the 11th Lithium Supply and Markets Conference, with more than 400 members of the global lithium industry gathering in Santiago earlier this week.

Infinity’s Vincent Ledoux-Pedailles in Santiago

Infinity co-hosted a lithium networking event with world leading commodity broking group SCB Group at the completion of the conference.

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Fri, 14 Jun 2019 11:17:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222111/infinity-lithium-corporation-sees-increasing-support-for-lithium-projects-in-eu-222111.html
<![CDATA[News - Infinity Lithium's positive test results support PFS at San Jose Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/news/221925/infinity-lithium-s-positive-test-results-support-pfs-at-san-jose-lithium-project-221925.html Infinity Lithium Corporation Limited (ASX:INF) has received further positive test work results which underpin the positive pre-feasibility study (PFS) at the San Jose Lithium Project in Spain.

Following previous tests in April 2019 which confirmed the beneficiation process from mined material to upgraded process plant feed material, test work is nearing completion.

Recent results exhibited ‘good’ lithium leachability and the lithium-bearing solution is now undergoing precipitation, recirculation, sulphate recovery and production testing.

READ: Infinity Lithium confirms industry and government support for San Jose as it nears PFS completion

Summary process flow sheet

Work undertaken at ALS laboratories and managed by Wave International provided support for the previous roast recovery, retention time and sulphate addition estimates used in the San Jose lithium hydroxide scoping study.

In parallel, Snowden Mining Consultants are working on a revised mining schedule, which is expected to benefit from improvements announced in pit slope geotechnical angles in May 2018.

Shear stress testing to allow optimal ‘dry stack tailings’ design and improved water recovery.

The San Jose plant and site layout coupled with civil engineering and logistical work has been modified from the original scoping study.

Further work on the dry stack tailings and water recycling has shown improvements in the volume and surface area of total land allocated to the storage of tailings from beneficiation and roast leach material.

These improvements could potentially result in smaller surface area of disturbance and recapture of water contained in tails for processing, reducing the already low annual water balance for the integrated industrial project at San Jose.

READ: Infinity Lithium well placed to serve Europe’s lithium industry

Mine planning and production scheduling are underway integrating favourable geotechnical data that has been obtained but not utilised in prior optimisations.

The PFS is on track for completion next month.

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Wed, 12 Jun 2019 10:06:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221925/infinity-lithium-s-positive-test-results-support-pfs-at-san-jose-lithium-project-221925.html
<![CDATA[News - Infinity Lithium confirms industry and government support for San Jose as it nears PFS completion ]]> https://www.proactiveinvestors.com.au/companies/news/221515/infinity-lithium-confirms-industry-and-government-support-for-san-jose-as-it-nears-pfs-completion-221515.html Infinity Lithium Corporation Ltd’s (ASX:INF) pre-feasibility study on the San Jose Project in Spain is ongoing with completion scheduled in the coming weeks.

The changing lithium market has resulted in a move from lithium carbonate to lithium hydroxide production which is a minor variation in the total integrated project.

However, the deviation towards a premium priced and more relevant lithium chemical product will make the project more suitable for the burgeoning European lithium-ion battery and electric vehicle (EV) industries.

Meeting a critical need

The critical need for lithium extraction and its conversion into chemicals in Europe is now well understood.

As work continues, it has also become clear that the San Jose Lithium Project is in a unique position to supply the European battery and EV industries thanks to being a large, long term and environmentally friendly project.

 

The Extremadura regional government has confirmed that that the Regional Ministry of Economy and Infrastructure will be at the disposal of the San Jose Joint Venture to collaborate, clarify and accompany the joint venture partners through the administrative procedure of the permitting process.

European Battery Alliance gives a thumbs up

The European Battery Alliance (EBA) is a major institution in the EU which comprises of key stakeholders including the European Commission, the European Investment Bank and key industry stakeholders.

The EBA in a statement said: “The EBA is supporting the development of a European robust battery industry, notably based on Lithium-ion technologies.

“Lithium is a vital part of its supply chain. It is critical to develop lithium extraction and refining in Europe and to secure raw materials for Europe, including lithium.

“Infinity Lithium’s work in Spain is an example of a project that could help the European battery and automotive sector to be more integrated and regionalised thanks to a domestic source of lithium chemicals, and to create growth and jobs in the EU.”

Infinity managing director Ryan Parkin said: “The work which Infinity, it’s Spanish partners and the government authorities have been approaching with dedication and commitment is now being recognised.

“This is pleasing to see and is important when looking at the long term benefits that this project can bring.”

READ: Infinity Lithium well placed to serve Europe’s lithium industry

Infinity recently successfully completed the acquisition of a further 25% interest in the joint venture project to 75% and has commenced the advancement of discussions with several strategic-end users of lithium chemicals in the EU and potential development partners.

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Wed, 05 Jun 2019 12:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221515/infinity-lithium-confirms-industry-and-government-support-for-san-jose-as-it-nears-pfs-completion-221515.html
<![CDATA[News - Infinity Lithium has San Jose mining application news pending ]]> https://www.proactiveinvestors.com.au/companies/news/221180/infinity-lithium-has-san-jose-mining-application-news-pending-221180.html Infinity Lithium Corporation Ltd (ASX:INF) (FRA:3PM) has an update imminent on mining applications for its San Jose project in Spain and has been granted a trading halt by the ASX.

The halt will remain in place until the start of normal ASX trading on Monday, June 3, or when an announcement is released to the market, whichever occurs earliest.

Infinity Lithium’s shares last traded at 8.6 cents.

READ: Infinity Lithium well placed to serve Europe’s lithium industry

The company is well placed to capitalise on Europe’s strong lithium market fundamentals with its San Jose project.

An updated pre-feasibility study (PFS) for the project is on track for completion within the next two months.

This is assessing a fully integrated plan starting with mining and ending with the production of lithium hydroxide.

READ: Infinity Lithium updated PFS test work positive, remains on track

Stage I test work has been completed which focused on metallurgical tests designed to confirm previous upgrade factors from the November 2018 scoping study.

PFS consultant Wave International was able to produce suitable amounts of concentrate for stage II hydrometallurgical test work, which is designed to develop the sulphate-roast-water-leach flowsheet to a PFS standard.

After stage II, the leach solution produced will move to the final stage where through a process of purification and crystallisation lithium hydroxide will be produced.

Infinity recently increased its ownership in the project to 75% from 50%.

A November 2018 scoping study valued the lithium project at up to US$1.017 billion.

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Thu, 30 May 2019 13:05:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221180/infinity-lithium-has-san-jose-mining-application-news-pending-221180.html
<![CDATA[News - Infinity Lithium well placed to serve Europe’s lithium industry ]]> https://www.proactiveinvestors.com.au/companies/news/220480/infinity-lithium-well-placed-to-serve-europes-lithium-industry-220480.html Infinity Lithium Corporation Ltd (ASX:INF) is ideally placed to capitalise on the strong lithium market fundamentals in Europe with its fully integrated San Jose project in Spain.

The company’s managing director Ryan Parkin and executive director Vincent Ledoux Pedailles attended this week’s Proactive CEO Sessions to outline the company’s strategy.

In his address, Parkin said the San Jose project hosted the second largest lithium resource in the European Union from which the company aimed to begin production at the tail-end of 2022.

READ: Infinity Lithium updated PFS test work positive, remains on track

An updated pre-feasibility study (PFS) for the project is on track for completion around the end of the current quarter.

This is assessing a fully integrated plan starting with mining and ending with lithium hydroxide production.

As part of this process, PFS consultant Wave International has completed stage I test work and produced suitable amounts of concentrate for stage II hydrometallurgical test work.

This is designed to develop the sulphate-roast-water-leach (‘SRWL’) flowsheet to a PFS standard.

Parkin said the company’s strategy was in line with many of the major players in the lithium industry who were now focusing on downstream, value-adding opportunities.

The San Jose project is being geared towards providing a boost to the economy of the Extremadura  region of western Spain as well as to the country as a whole.

READ: Infinity Lithium signs reagent supply MoU for Spanish lithium chemical production plan

To this end the company is sourcing as much of the products, staffing and expertise as possible from the region and recently entered an MoU with Ercros SA for the supply of major input reagents.

Ercros is Spain’s leading basic chemicals producer.

Being able to source the chemicals domestically supports the company’s strategy to minimise its carbon footprint by limiting transport and CO2 emissions.

The company also hopes to capitalise from ongoing negotiations regarding financing, partnerships and supply deals with a number of parties in Europe.

Read Ryan Parkin’s presentation.

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Fri, 17 May 2019 15:46:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220480/infinity-lithium-well-placed-to-serve-europes-lithium-industry-220480.html
<![CDATA[Media files - Infinity Lithium sees strong long-term fundamentals for lithium as it develops San Jose in Spain ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13327/infinity-lithium-sees-strong-long-term-fundamentals-for-lithium-as-it-develops-san-jose-in-spain-13327.html Mon, 13 May 2019 19:48:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13327/infinity-lithium-sees-strong-long-term-fundamentals-for-lithium-as-it-develops-san-jose-in-spain-13327.html <![CDATA[News - Infinity Lithium to outline its Europe focused lithium strategy at Proactive CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/219622/infinity-lithium-to-outline-its-europe-focused-lithium-strategy-at-proactive-ceo-sessions-219622.html Infinity Lithium Corporation Ltd’s (ASX:INF) updated pre-feasibility study (PFS) for the San Jose Lithium Project in Spain is on track for completion in June-July this year.

Notably, stage 1 test work has been completed which focused on metallurgical test work designed to confirm previous upgrade factors from the November 2018 scoping study.

Infinity managing director Ryan Parkin will present to investors at the Sydney investor event on Monday, May 13 and at the Melbourne event on Tuesday, May 14.

READ: Infinity Lithium well positioned to support Europe’s electric vehicle focus

The company is witnessed increasing news activity in the European lithium-ion battery supply chain.

The EU continues to focus on all areas of activity to support the critical auto industry: from electric vehicles (EVs) to batteries all the way to lithium mining and chemical conversion.

Notably, the German car industry will invest over €40 billion over the next three years in electric vehicles, tripling the number of models available.

Moving towards 100% ownership

Infinity Lithium is well positioned to strategically support the EU and the auto industry’s endeavours, as evidenced through the recent acquisition of a further 25% ownership interest in the San Jose Project, moving Infinity’s total ownership to 75%.

Furthermore, Infinity has renegotiated terms whereby a clear pathway to 100% project ownership is available.

Register for the CEO Sessions today

Sydney details, Monday, May 13, 2019

Melbourne details, Tuesday, May 14, 2019

Also featuring at both sessions will be Xanadu Mines Ltd (ASX:XAM), Zelda Therapeutics Ltd (ASX:ZLD), Oventus Medical Ltd (ASX:OVN and Invitrocue Ltd (ASX:IVQ).

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Fri, 03 May 2019 11:31:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219622/infinity-lithium-to-outline-its-europe-focused-lithium-strategy-at-proactive-ceo-sessions-219622.html
<![CDATA[News - Infinity Lithium signs reagent supply MoU for Spanish lithium chemical production plan ]]> https://www.proactiveinvestors.com.au/companies/news/219418/infinity-lithium-signs-reagent-supply-mou-for-spanish-lithium-chemical-production-plan-219418.html Infinity Lithium Corporation Ltd (ASX:INF) has entered into an MoU for the supply of major input reagents to be used for the production of lithium chemicals at its San Jose project in Spain.

The agreement is with Ercros SA, Spain’s leading basic chemicals producer, and will allow Infinity to access essential production inputs sourced within Spain.

Being able to source the chemicals domestically supports the company’s strategy to minimise its carbon footprint by limiting transport and CO2 emissions.

This also prioritises collaboration with domestic companies, supporting the industry and generating growth and employment.

READ: Infinity Lithium joins AEDIVE in Spain to promote EV industry

Infinity’s CEO and managing director Ryan Parkin said: “Automakers have already announced they need to be able to maintain visibility of their entire supply chain, including mining and lithium chemical activities, and ensure their suppliers reduce carbon emissions and the impact on the environment.

“Through being strategically located in Spain with mining and processing lithium chemical activities on site, Infinity is in a unique position to limit transport and CO2 emissions.

“However, and similarly to automakers, we also need to be able to look at our own supply chain and make sure we limit our carbon footprint, hence our decision to source our reagents domestically.”

San Jose is a strategically significant European asset retaining an ongoing advantageous sustainability and carbon emission profile.

In maintaining a continued focus on the lithium-ion battery supply chain carbon footprint, it

remains a priority to partner with a domestic supplier of sodium hydroxide (caustic soda) or potassium hydroxide (KOH) to meet its processing requirements and execute a product offtake.

READ: Infinity Lithium updated PFS test work positive, remains on track

Infinity is undertaking technical works as it progresses towards completing a pre-feasibility Study (PFS) to produce lithium hydroxide on site.

The studies and cost benefit analysis will highlight the quantum of caustic soda or KOH required to be used in the conversion process in the production of battery-grade lithium chemicals.

There is increasing onus within the European Union on the availability of lithium raw materials and lithium chemicals in Europe to support the burgeoning electric vehicle market.

OEMs are also sharpening their focus on all parts of the value chain, including the carbon footprint of suppliers.

READ: Infinity Lithium well positioned to support Europe’s electric vehicle focus

Parkin said: “Developing the lithium-ion battery supply chain and electric mobility in Spain is crucial for a country which is the second largest automaker in Europe.

“More recently Volkswagen’s CEO noted that it does not make sense to manufacture electric vehicles in Spain without battery production facilities in country, and Infinity is ideally placed to participate in activities within Spain and the broader EU landscape.

“Volkswagen also recently announced that it has set itself the goal of promoting lithium production in Europe in the medium term.

“The lithium-ion battery supply chain starts with lithium where Spain has the world-class San Jose deposit, providing a unique opportunity to maintain a competitive position and reduce dependence on other regions.”

Ercros has a network of caustic soda tanks in the Iberia region and in order to control its carbon footprint through its production process, Infinity will prioritise the purchase of domestically produced reagents.

Reagents a significant ingredient

Reagents constitute about 25% of the operating cost of lithium hydroxide production and it is expected that San Jose will consume about 160,000 tonnes of sodium hydroxide over the life of mine.

Ercros’ commercial director Carles Arias said: “Ercros is pleased to participate in Europe’s move towards electric mobility and lower CO2 emissions by supporting Infinity’s operations and supply key reagents for the production of lithium chemicals that can be used directly in batteries.”

Infinity Lithium intends to mine the hard rock mica resource at San Jose and develop processing facilities to provide what would currently be the sole European mine-to-end-product lithium hydroxide operation.

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Wed, 01 May 2019 10:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219418/infinity-lithium-signs-reagent-supply-mou-for-spanish-lithium-chemical-production-plan-219418.html
<![CDATA[News - Infinity Lithium updated PFS test work positive, remains on track ]]> https://www.proactiveinvestors.com.au/companies/news/218721/infinity-lithium-updated-pfs-test-work-positive-remains-on-track-218721.html Infinity Lithium Corporation Ltd (ASX:INF) has confirmed its updated pre-feasibility study (PFS) is on track for completion in June-July this year.

Notably, stage I test work has been completed which focused on metallurgical test work designed to confirm previous upgrade factors from the November 2018 scoping study.

The PFS consultant, Wave International, was able to complete the test work and produce suitable amounts of concentrate for the stage II hydrometallurgical test work.

Stage II test work is designed to develop the sulphate-roast-water-leach (‘SRWL’) flowsheet to a PFS standard.

Stage I focussed on the crush-mill and beneficiation stages, stage II covers ‘roast and leach’ stages

As per the flowsheet above, after stage II, the leach solution produced will move to stage III, the final stage, where through a process of purification and crystallisation lithium hydroxide will be produced.

Wave International's Director Ryan Hanrahan commented: “The confirmation of the scoping study beneficiation recoveries and grades is an encouraging first major milestone for the San Jose PFS.

"These results provide a solid platform on which to progress the PFS engineering and ongoing metallurgical test work.

"As a team we are excited to be supporting INF to take the next step in de-risking the San Jose project and progressing towards development.”

READ: Infinity Lithium joins AEDIVE in Spain to promote EV industry

Last month, Infinity increased its ownership to 75% from 50% in the San Jose Lithium Project in Spain.

The project’s November 2018 scoping study valued the lithium project at up to US$1.017 billion.

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Wed, 17 Apr 2019 09:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218721/infinity-lithium-updated-pfs-test-work-positive-remains-on-track-218721.html
<![CDATA[News - Infinity Lithium joins AEDIVE in Spain to promote EV industry ]]> https://www.proactiveinvestors.com.au/companies/news/218454/infinity-lithium-joins-aedive-in-spain-to-promote-ev-industry-218454.html Infinity Lithium Ltd (ASX:INF) has joined forces with AEDIVE to support the development of electric vehicles and general electric mobility in Spain.

AEDIVE has about 150 members in the electric mobility market’s supply chain and advocates for industry support from government among other things.

READ: Infinity Lithium well positioned to support Europe’s electric vehicle focus

Infinity’s CEO and managing director Ryan Parkin said: “This is another example of the rapidly evolving recognition of the importance of battery chemicals within Europe, and the momentum gathering within the EU to address a significant risk to their burgeoning auto industry.

“San Jose is ideally placed to supply Europe with a significant volume of lithium chemicals in addition to the utilisation of the raw material resource.

“It benefits from the availability of key infrastructure located adjacent to the project area, ensuring the availability of a sustainable source of product with an environmentally advantageous carbon footprint.”

Supplying battery grade chemicals to the EU

Infinity’s San Jose Lithium Project contains the European Union’s second largest JORC lithium resource.

The project is projected to produce up to 15,000 tonnes per annum of battery grade lithium chemicals for more than 24 years.

It is well positioned to supply battery grade chemicals into the European market.

Recent European report recognises lithium importance

Earlier this week, the European Commission (EC) published the fourth State of the Energy Union report.

The EC presented forward visions including one on the strategic batteries plan for Europe.

It readily acknowledged the strategic imperative of the lithium-ion battery (LIB) market within Europe that will be required to drive the ongoing clean energy and mobility transitions.

EU must step up investment and innovation

They note that “the European market potential could be worth up to EUR 250 billion annually from 2025 onwards” however that “if no action is taken to support the creation of a viable battery manufacturing sector, there is a risk that Europe falls irreversibly behind its competitors in the global batteries market, and becomes dependent on imports of battery cells and raw materials used in the supply chain.”

Furthermore, the EC has identified that LIBs strategic importance “where the EU must step up investment and innovation in the context of a strengthened industrial policy strategy aimed at building a globally integrated, sustainable and competitive industrial base.”

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Fri, 12 Apr 2019 11:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218454/infinity-lithium-joins-aedive-in-spain-to-promote-ev-industry-218454.html
<![CDATA[News - Infinity Lithium well positioned to support Europe’s electric vehicle focus ]]> https://www.proactiveinvestors.com.au/companies/news/217596/infinity-lithium-well-positioned-to-support-europes-electric-vehicle-focus-217596.html Infinity Lithium Corporation Ltd (ASX:INF) has witnessed increasing news activity in the European lithium-ion battery supply chain during March 2019.

The EU continues to focus on all areas of activity to support the critical auto industry: from electric vehicles (EVs) to batteries all the way to lithium mining and chemical conversion.

Germany continues to act as the frontrunner with the Economy Minister, Peter Altmaier, recently stating that “We can only prevent massive job losses if we build the world’s best batteries in Europe”.

Altmaier also noted Europe was under pressure in the race to set up production of battery cells for electric cars in order to keep up with China or the U.S.

It has been well documented that the German car industry will invest over €40 billion over the next three years in electric vehicles, tripling the number of models available.

These investments are crucial to reaching the goals set by the EU for the reduction of carbon dioxide emissions.

Investment in Europe is also accelerating through offshore investment, with South Korean giant SK Innovation announcing a second battery plant in Europe, aiming to strengthen its presence in the fast-growing European market.

The ground was broken on the second plant in March and construction is expected to finish in the first half of 2020 with mass delivery to begin in early 2022.

READ: Infinity Lithium increases San Jose project ownership to 75%

Infinity Lithium is well positioned to strategically support the EU and auto industry’s endeavours, as evidenced through the recent acquisition of a further 25% ownership interest in the San Jose Project, moving Infinity’s total ownership to 75%.

Furthermore, Infinity has renegotiated terms whereby a clear pathway to 100% project ownership is available.

 

Infinity CEO Ryan Parkin said: “Infinity is delighted to announce the progression of project ownership to 75%.

“The acceleration in project ownership reflects the alignment of the project towards lithium hydroxide opportunities and the relevance of that product in Europe, one of the world’s largest electric vehicle markets.”

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Mon, 01 Apr 2019 16:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217596/infinity-lithium-well-positioned-to-support-europes-electric-vehicle-focus-217596.html
<![CDATA[Media files - Infinity Lithium boosts share in Spanish project as lithium demand rises ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12693/infinity-lithium-boosts-share-in-spanish-project-as-lithium-demand-rises-12693.html Thu, 21 Mar 2019 21:24:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12693/infinity-lithium-boosts-share-in-spanish-project-as-lithium-demand-rises-12693.html <![CDATA[News - Infinity Lithium increases San Jose project ownership to 75% ]]> https://www.proactiveinvestors.com.au/companies/news/216590/infinity-lithium-increases-san-jose-project-ownership-to-75-216590.html Infinity Lithium Corporation Ltd (ASX:INF) has increased its ownership to 75% from 50% in the San Jose Lithium Project in Spain.

The increase was the result of a successful renegotiation of the joint venture agreement with local partner Valoriza Mineria S.A.

Partner Valoriza Mineria is a mining contractor and has retained preferred contractor rights in the renegotiation ensuring alignment of goals and focus on project development.

READ: Infinity Lithium Corporation boosts market expertise ahead of San Jose feasibility study

Infinity’s CEO and managing director Ryan Parkin said: “Infinity is delighted to announce the progression of project ownership to 75% as we enter a period of increasing engagement of potential strategic partners and move towards the delivery of the San Jose Lithium Project pre-feasibility study.

“European lithium-ion battery supply chain developments have recently accelerated.

“The ability to continue to align our goals to work collaboratively with our JV partners in progressing commercial discussions with key European and other industry participants provides immediate value to the project.

“The resulting acceleration in project ownership reflects the alignment of the project towards lithium hydroxide opportunities and the relevance of that product in one of the world’s largest electric vehicle markets”.

Renegotiation driven by change from lithium carbonate to hydroxide

Movement from lithium carbonate to lithium hydroxide pathway has driven renegotiation of the joint venture.

Under the original June 2016 JV agreement with Valoriza Mineria, Infinity was able to earn-in to a 75% interest through the delivery of a feasibility study on lithium carbonate production with an agreed budget of €2.5 million.

Valoriza Mineria was the preferred contractor for all works within the feasibility study and had completed some work including land access, public relations, and environmental baseline studies.

€1 million in staged payments until mid-2020

The revised JV agreement terms now enables Infinity to assume 75% interest through the immediate payment of €250,000 and additional ongoing payment commitments totalling €750,000 payable within 14 months or by 13 May 2020.

Notably, Infinity retains the right to forgo subsequent staged payments, revert to 50% project interest and earn-in to 75% through the delivery of a lithium chemicals feasibility study.

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Mon, 18 Mar 2019 11:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216590/infinity-lithium-increases-san-jose-project-ownership-to-75-216590.html
<![CDATA[News - Infinity Lithium in trading halt pending the release of acquisition details ]]> https://www.proactiveinvestors.com.au/companies/news/216429/infinity-lithium-in-trading-halt-pending-the-release-of-acquisition-details-216429.html Infinity Lithium Ltd (ASX:INF) has been granted a trading halt by the ASX pending the release of information regarding a transaction to acquire an asset.

Shares in the company will remain halted until the earlier of, the release of relevant information, or, the commencement of trading on Monday 18 March 2019.

READ: Infinity Lithium Corporation boosts market expertise ahead of San Jose feasibility study

Proactive caught up with Infinity Lithium's executive director Vincent Ledoux Pedailles last Friday to discuss opportunities in the battery supply chain.

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Thu, 14 Mar 2019 11:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216429/infinity-lithium-in-trading-halt-pending-the-release-of-acquisition-details-216429.html
<![CDATA[Media files - Infinity Lithium director discusses widening gap in battery supply chain ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12520/infinity-lithium-director-discusses-widening-gap-in-battery-supply-chain-12520.html Fri, 08 Mar 2019 10:55:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12520/infinity-lithium-director-discusses-widening-gap-in-battery-supply-chain-12520.html <![CDATA[News - Infinity Lithium Corporation boosts market expertise ahead of San Jose feasibility study ]]> https://www.proactiveinvestors.com.au/companies/news/213468/infinity-lithium-corporation-boosts-market-expertise-ahead-of-san-jose-feasibility-study-213468.html Infinity Lithium Corporation Ltd (ASX:INF) (FRA:3PM) (STU:3PM) is advancing discussions with financiers, potential strategic partners and prospective offtake parties after the company produced battery-grade lithium hydroxide from its San Jose project in Spain at relatively-low net direct (c1) cash costs.

The tri-listed company is holding discussions with potential strategic partners to prepare either a pre-feasibility study for lithium hydroxide production or a feasibility study for lithium carbonate production at the lithium-tin project.

READ: Infinity Lithium scoping study supports lithium hydroxide operation

Infinity Lithium’s November 2018 lithium hydroxide scoping study valued a future operation at the San Jose project at up to US$1.017 billion, using a before-tax net present value calculated at a 10% discount.

The study’s corresponding internal rate of return was 51% while its operating expense was toward the bottom of the cost curve at US$5,343 a tonne.

Considered the second largest lithium JORC resource in Europe, San Jose features 111.2 million tonnes grading 0.28% lithium, 0.61% lithium oxide and 206ppm tin.

WATCH: Infinity Lithium director discusses widening gap in battery supply chain

The deposit’s extensive strike, width and surface outcrop make it amenable to bulk, open pit-style mining methods.

Infinity Lithium’s preliminary technical and economic investigation of the potential viability of a San Jose hydroxide project envisioned a fully-integrated hard-rock lithium project where all activity is undertaken at the project, from mining through to the production of battery-grade lithium hydroxide.

The company earned a 50% joint venture stake in its flagship project after producing a lithium carbonate scoping study and submitting a mining licence application.

This study was undertaken more than a year ago, with results reported in October 2017.

Infinity Lithium said today the carbonate study had “demonstrated the potential for a robust lithium chemicals development project strategically located in the Extremadura region of Spain”.

Lithium hydroxide versus lithium carbonate

Lithium hydroxide attracts a price premium to lithium carbonate products and is an attractive option for development.

Acknowledging the change in its focus, Infinity Lithium wrote today in its quarterly activities report: “The decision by the company to examine lithium hydroxide production is consistent with the evolving battery market and the JV is now formally considering a shift from carbonate to hydroxide production.

“Lithium hydroxide is a higher value battery chemical product due to it offering more energy capacity, longer life cycle and safety when compared to lithium carbonate cathodes, whilst it is also projected to have greater growth projections in direct response to evolving battery technologies required for electric vehicles.”

 

Infinity Lithium executive director and European corporate strategy and business development vice-president Vincent Ledoux-Pedailles spoke to Proactive Investors’ Stocktube video channel about the change in development route last month.

Speaking to Stocktube while he was in Australia for a roadshow, Ledoux-Pedailles said: “We are now moving onto the hydroxide route and that’s because we understand how the battery technology is evolving — and that’s towards cathodes containing more nickel.

“Those cathodes are becoming more nickel-rich because people want to move away from using cobalt and they want to increase the energy density in those cathodes.

“That also means we are moving away from using carbonates and moving towards using more lithium hydroxides, so the lithium hydroxide road is growing twice faster than carbonate.”

In the past month, the spot price out of China for battery-grade 99.5% lithium carbonate was 75,000-83,000 yuan (US$11,087.63-$12,270.31) a tonne.

The spot price for battery grade 56.5% lithium hydroxide was 99,000-109,000 yuan (US$14,635.66-$16,114.01).

One US dollar had been changing hands for about 6.76 Chinese yuan, 2 cents higher than current levels.

 

Infinity Lithium managing director & CEO Ryan Parkin had spoken to Stocktube video channel about the San Jose hydroxide scoping study in November, saying it was a response to “the movement towards high-nickel content, greater energy range and greater energy-density cathodes.”

“We’ve had a great result with our scoping study — an NPV in excess of US$715 million and an IRR of 51%.

“It’s a long-life, robust and exciting project for us there in Europe.”

Other December quarter achievements

Infinity Lithium broadened its investor base with listings on the Frankfurt and Stuttgart exchanges in December quarter 2018, increasing its exposure to the European lithium investment community.

Europe is set to become a major electric vehicle market.

European electric and ICE (internal combustion engine) vehicle targets

Infinity Lithium made a key European appointment early on in the quarter, making Ledoux-Pedailles its vice-president of European corporate strategy and business development.

The former leader of the lithium and battery materials research team at the US$20 billion global data and information service group IHS Markit (NASADAQ:INFO) has been sharing his expertise with investors and the lithium industry over the past quarter at key events.

READ: Infinity Lithium Corporation strengthens board by appointing experienced industry executive

This quarter, the company has brought Ledoux-Pedailles’ influence closer to home, pulling up a seat for the valued executive at its boardroom table.

Speaking on the company’s events after December quarter end, the company used its quarterly activities report to acknowledge the importance of Ledoux-Pedailles’ role and the European lithium market.

“The (Ledoux-Pedailles) appointment continues to reflect the corporate requirements and core focus of Infinity with regards to advancing the San Jose Lithium Project.

“The rapid evolution in cathode technologies and the lithium chemicals market has resulted in increasing focus on opportunities for lithium hydroxide and in particular the availability of product from non-Chinese based converters.

“The proximity of San Jose to growing European markets provides significant strategic value to European cathode producers and lithium-ion battery cell manufacturers, as Europe addresses surety of supply to support what is projected to be the second-largest electric vehicle market.”

READ: Infinity Lithium reveals maiden resource at Banio as potash price rises 50% in one year

Last quarter the company also unveiled a 1.67 billion tonne maiden resource for its Banio Potash Project in southern Gabon, Central Africa.

Investor and director Adrian Byass spoke to Stocktube about Banio and San Jose, indicating the company’s Spanish project iwould come first in its priority list.

The Banio inferred mineral resource at a 12% KCl cut-off

Byass outlined options for monetising Banio and said: “The company’s quite clear in its focus; it’s very rare that you have a curse of riches, in that we have two excellent projects which both could be advanced.

“But the returns and the market growth and the real appetite for the San Jose project within Europe means that we can’t do anything but advance that as fast and as hard as we can.”

Banio was put on care and maintenance in 2017 amid weakened global potash pricing in 2016-17.

The global potash price is now at US$226 a tonne.

 

Quarterly results

Infinity Lithium directed $751,000 to its operating activities in the December quarter, including $429,000 spent on exploration and evaluation.

A small $1,000 was spent on financing activities, related to securities-issuing costs.

The company had $2.54 million at the end of the quarter, a $753,000 reduction on the September quarter.

Infinity Lithium has estimated its cash outflows in March quarter 2019 will be $700,000 with expected expenditure on exploration and evaluation of $400,000.

Major shareholders

The company had 69,772,677 shares on issue on September 17.

Morgan Stanley Australia Securities (Nominee) Pty Limited <No 1 Account> was Infinity Lithium’s largest and only major shareholding, with the institutional investor having 5.84% of shares on issue.

Infinity Lithium’s top five shareholder list was rounded out by: Adman Lanes Pty Ltd, with a 3.69% stake; Valiant Equity Management Pty Ltd, a company linked to director Adrian Byass’ family, which had 2.62%; Nicholas Simon Draper and Melinda Jane Draper, through the Draper Super Fund A/C, with 1.84%; and Peking Pty Ltd <Dial a Dump STF S/F No 2 A/C> with 1.71%.

The top five shareholders had 15.7% of Infinity Lithium, while the company’s top 20 shareholders had a collective 36.74% stake.

— with Danielle Doporto

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Tue, 29 Jan 2019 00:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213468/infinity-lithium-corporation-boosts-market-expertise-ahead-of-san-jose-feasibility-study-213468.html
<![CDATA[News - Infinity Lithium Corporation strengthens board by appointing experienced industry executive ]]> https://www.proactiveinvestors.com.au/companies/news/212651/infinity-lithium-corporation-strengthens-board-by-appointing-experienced-industry-executive-212651.html Infinity Lithium Corporation Limited (ASX: INF) has strengthened its board by appointing lithium industry expert Vincent Ledoux-Pedailles as a director.

Appointment of the European-based executive reflects the corporate requirements and core focus of Infinity as it advances the San Jose Lithium Project in Spain.

Market experience

Ledoux-Pedailles has been involved in the lithium industry since 2011 and has held roles monitoring metals and industrial minerals markets at Roskill.

He also led the lithium and battery materials research team at London based global data and information service group HIS Markit.

In this role he focused on basic chemical commodities and led the EMEA Chloralkali team.

“Depth of industry expertise”

Infinity managing director Ryan Parkin said: “Infinity is delighted with the outcomes of the lithium hydroxide scoping study and the appointment of Vincent to the Board of Infinity.

“Vincent’s depth of industry expertise and strong network throughout Europe reinforces Infinity’s focus on engaging with potential strategic, technological and off-take partners in the progression of the San Jose Lithium Project in the world’s second largest electric vehicle market.”

 

Parkin said: “Vincent’s industry knowledge and expertise in the broader industrial chemicals market will provide immense value when considering the nature of offtake agreements in a highly specialised segment.

“With his lithium market credentials, strong leadership qualities and team mentality, we are excited to welcome Vincent to the board to drive Infinity and the strategically significant San Jose Lithium Project forward.”

Perspective in specialised lithium chemicals

Covering the entire supply chain from the extraction of raw materials, their conversion to chemicals and battery materials used in cathodes, and the progression to end uses such as in electric vehicles, Ledoux-Pedailles brings perspective in highly specialised lithium chemicals.

READ: Infinity Lithium makes key European appointment as San Jose project gains momentum

Since the December quarter of 2018 Ledoux-Pedailles has been working as vice president of European corporate strategy and business development with Infinity, where he also presented at various global industry events.

During this time the company also started trading on the Frankfurt and Stuttgart stock exchanges after completing the German dual listings over the summer period.

These listings provided relevant platforms for European investors with a particular focus on German and Swiss investors.

World’s second largest EV market

The proximity of San Jose to growing European markets provides important strategic value to European cathode producers and lithium-ion battery cell manufacturers.

This comes as Europe addresses supply to support what is projected to be the second largest electric vehicle market.

READ: Infinity Lithium scoping study supports lithium hydroxide operation

In November last year Infinity completed a scoping study valuing a future operation at the San Jose project at up to US$1.017 billion.

The study envisioned a fully integrated hard rock lithium project from mining to production of battery-grade lithium hydroxide.

- Jessica Cummins

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Tue, 15 Jan 2019 22:12:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212651/infinity-lithium-corporation-strengthens-board-by-appointing-experienced-industry-executive-212651.html
<![CDATA[News - Infinity Lithium’s webinar to discuss latest developments in the lithium industry ]]> https://www.proactiveinvestors.com.au/companies/news/210925/infinity-lithiums-webinar-to-discuss-latest-developments-in-the-lithium-industry-210925.html Infinity Lithium Corporation Ltd (ASX:INF) is holding a lithium webinar tomorrow (December 12, 2018), which will have around 100 companies joining including BMW, Daimler, Shell, BP and Samsung.

The company will cover the latest developments in the lithium industry and will discuss the following topics/questions:
• What to expect on the lithium demand side?
• How is the lithium-ion battery industry responding to growing electric vehicle (EV) demand?
• What does the evolution of cathode technologies mean for lithium?
• Which regions are capitalising on EV & battery demand?
• How is China controlling the lithium chain?
• How quickly can lithium supply increase?
• What is the production costs landscape?
• What happened to lithium prices and where are they heading?
• How is our project answering to vital industry needs?

Register now for the webinar by emailing ‘Yes’ to Tegan Murphy at tmurphy@infinitylithium.com

 

Infinity Lithium recently completed a scoping study valuing a future operation at the San Jose Lithium Project in Spain at up to US$1.017 billion.

Notably, the operation would include the production of battery grade lithium hydroxide.

The study envisions a fully integrated hard rock lithium project from mining to battery-grade production of lithium hydroxide.

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Tue, 11 Dec 2018 16:48:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210925/infinity-lithiums-webinar-to-discuss-latest-developments-in-the-lithium-industry-210925.html
<![CDATA[Media files - Infinity Lithium working to become fully-integrated low-cost lithium hydroxide producer ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11577/infinity-lithium-working-to-become-fully-integrated-low-cost-lithium-hydroxide-producer-11577.html Tue, 11 Dec 2018 16:40:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11577/infinity-lithium-working-to-become-fully-integrated-low-cost-lithium-hydroxide-producer-11577.html <![CDATA[Media files - Infinity Lithium’s scoping study highlights low-cost advantages of San Jose Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11362/infinity-lithiums-scoping-study-highlights-low-cost-advantages-of-san-jose-lithium-project-11362.html Thu, 29 Nov 2018 12:26:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11362/infinity-lithiums-scoping-study-highlights-low-cost-advantages-of-san-jose-lithium-project-11362.html <![CDATA[News - Infinity Lithium scoping study supports lithium hydroxide operation ]]> https://www.proactiveinvestors.com.au/companies/news/210169/infinity-lithium-scoping-study-supports-lithium-hydroxide-operation-210169.html Infinity Lithium Corporation Ltd (ASX:INF) has completed a scoping study valuing a future operation at the San Jose Lithium Project in Spain at up to US$1.017 billion.

Notably, the operation would include the production of battery grade lithium hydroxide.

The study envisions a fully integrated hard rock lithium project from mining to battery-grade production of lithium hydroxide.

Demand for lithium hydroxide products in Europe

The decision by the company to shift the project’s focus from a lithium carbonate towards a lithium hydroxide output is consistent with the evolving battery market.

Infinity’s managing director Ryan Parkin said: “Infinity has been able to capitalise on evolving market conditions and this scoping study clearly demonstrates the significant advantages in the production of a higher value lithium chemical end product, lithium hydroxide.

“The evolution of cathode technologies used in higher density lithium-ion batteries has seen greater opportunities to capitalise on burgeoning electric vehicle demand for battery-grade lithium chemicals, and in particular leaves Infinity well placed to alleviate geographical supply-side risk of European cathode and battery producers.

“The scoping study demonstrates that the long-life San Jose Lithium Project has suitable production scale capable of providing a materially significant option for cathode producers to diversity within Europe, whilst the long mine and processing life aligns to many European nations’ targeted reduction in emissions and phase out of internal combustion engine vehicles."

Europe chasing behind China in the EV race

There is a wave of investment in Europe to support the development of electric cars including the construction of lithium-ion battery giga-factories as well as a number of cathode plants.

The European Union notes their intention to de-risk the lithium-ion battery supply through investment and developing domestic production.

Parkin added: “European automakers continue to launch large-scale electrification plans and the region is projected to become the second largest electric vehicle market in the world.

“The high margins and low operating costs environment benefit from a resource with a low strip ratio and economic benefits derived from processing variations aligned to lithium hydroxide production from hard rock sources.

Further upside from by-product credits yet to be valued

“There is further upside yet to be factored in through the potential to generate by-product credits, as currently the attractive economic outcomes detailed throughout the scoping study are deriving solely through the production of battery grade lithium hydroxide.”

Discussions continue to advance with strategic financiers, including global offtake companies.

The study confirms that the project's economic, financial and technical aspects are all robust.

It also highlights Infinity’s potential to become a significant, long-life, high margin lithium hydroxide producer located strategically in Western Europe.

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Thu, 29 Nov 2018 11:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210169/infinity-lithium-scoping-study-supports-lithium-hydroxide-operation-210169.html
<![CDATA[Media files - Infinity Lithium leveraging Banio Potash Project to advance San Jose Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11132/infinity-lithium-leveraging-banio-potash-project-to-advance-san-jose-lithium-project-11132.html Thu, 08 Nov 2018 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11132/infinity-lithium-leveraging-banio-potash-project-to-advance-san-jose-lithium-project-11132.html <![CDATA[News - Infinity Lithium reveals maiden resource as potash price rises 50% in one year ]]> https://www.proactiveinvestors.com.au/companies/news/208464/infinity-lithium-reveals-maiden-resource-as-potash-price-rises-50-in-one-year-208464.html Infinity Lithium Corporation Ltd (ASX:INF) has revealed a maiden potash resource of 1.67 billion tonnes at 16.1% KCl (potassium chloride) at the Banio Potash Project in southern Gabon.

The resource includes high-grade sylvinite and carnallite and is based on testing a limited portion of the 2016 exploration target.

Banio inferred mineral resource at 12% KCl cut-off

The Banio Potash Project has been on care and maintenance from 2017 in a period of weak potash pricing and the emergence of the San Jose Lithium-Tin Project in Spain as the flagship for Infinity.

Potash prices have risen strongly in the past 12 months (up +50%) and with the acquisition of some recent downhole data, a maiden resource has been calculated.

Infinity managing director Ryan Parkin said: “The delivery of this very large resource of sylvinite and carnallite at a relatively shallow depth validates acquisition and the work done previously.

“At a project level it is a very significant step in the development of the project at such an early stage.

“More importantly, this resource is based on just two exploration holes in the Alpha Section of the project demonstrating that a JORC resource could be estimated by testing only a small portion of the area covered in the previously reported exploration target.”

Global demand for potash is forecast to rise through 2025

Parkin added “This resource has the potential to increase in size significantly with the next phase of drilling on the property.

“Currently, although no technical studies have been completed, management is of the view that this resource will be highly amenable to the lower-cost, in-situ leach mining extraction method.”

READ: Infinity Lithium’s hard rock lithium holds market advantage over brine producers

The company remains focused on the San Jose Lithium-Tin Project and expects to shortly release a scoping study on the production of lithium hydroxide on site.

San Jose has the potential to be a fully integrated lithium hydroxide production project and hosts the second largest lithium JORC Resource in Europe.

The next stage for Infinity as it drives San Jose forward is to find a strategic partner or enter into a corporate transaction which builds shareholder value.

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Mon, 05 Nov 2018 14:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208464/infinity-lithium-reveals-maiden-resource-as-potash-price-rises-50-in-one-year-208464.html
<![CDATA[News - Infinity Lithium makes key European appointment as San Jose project gains momentum ]]> https://www.proactiveinvestors.com.au/companies/news/207716/infinity-lithium-makes-key-european-appointment-as-san-jose-project-gains-momentum-207716.html Infinity Lithium Corporation Ltd (ASX:INF) has appointed Vincent Ledoux-Pedailles as vice president of European Corporate Strategy and Business Development.

This is part of Infinity’s broader locational shift as development continues to be more European and industry focused.

Vincent previously led the lithium and battery materials research team at the US$20 billion (market-cap) global data and information service group IHS Markit (NASADAQ:INFO).

Vincent Ledoux-Pedailles representing Infinity at London Metals Exchange (LME) conference

Infinity recently expanded the lithium hydroxide scoping study at its San Jose Lithium Project in Spain to include further hydroxide as well as lithium sulphate flowsheet development.

The expanded study comes after the company identified the hard-rock resource at San Jose has a natural advantage over brine producers due to a straight conversion process via a lithium sulphate transitional pathway.

READ: Infinity Lithium’s hard rock lithium holds market advantage over brine producers

Infinity managing director Ryan Parkin said: “We are delighted to welcome Vincent to Infinity to spearhead our European investment focus, and engagement with strategic partners.

“With his unique lithium focused background and European base we are certain he will help to drive Infinity and the strategically significant San Jose Lithium Project forward.”

Successful listing on the Frankfurt and Stuttgart Stock Exchange

Infinity is now active on both the Frankfurt Stock Exchange (FRA:3PM) and Stuttgart Stock Exchange (STU:3PM) after successfully completing the German dual listings over the European summer period.

The successful listing on the Frankfurt Stock Exchange and Stuttgart Stock Exchange will provide relevant platforms for European investors with a particular focus on German and Swiss investors.

Importantly, the sophisticated nature of German and Swiss investors in conjunction with progressive European emission policies provides an advantage for the San Jose lithium project.

European electric and ICE (internal combustion engine) vehicle targets

European demand for battery-grade lithium chemicals is predicted to accelerate based on the rapid expansion of cathode manufacturing and battery assembly investments in Europe, driven by the rapid adoption of electric vehicles (EVs) required to align with government EV proposals and emissions targets.

This was highlighted in July 2018 when CATL (SHE:300750) revealed a €240 million investment in a German-based factory as a first phase step into Europe and a €4 billion deal to supply battery cells to BMW.

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Wed, 24 Oct 2018 14:05:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207716/infinity-lithium-makes-key-european-appointment-as-san-jose-project-gains-momentum-207716.html
<![CDATA[Media files - Infinity Lithium's VP of Business Development anticipates ‘significant future supply shortage’ ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10911/infinity-lithium-s-vp-of-business-development-anticipates-significant-future-supply-shortage-10911.html Thu, 18 Oct 2018 15:56:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10911/infinity-lithium-s-vp-of-business-development-anticipates-significant-future-supply-shortage-10911.html <![CDATA[News - Infinity Lithium’s hard rock lithium holds market advantage over brine producers ]]> https://www.proactiveinvestors.com.au/companies/news/207138/infinity-lithiums-hard-rock-lithium-holds-market-advantage-over-brine-producers-207138.html Infinity Lithium Corporation Ltd (ASX:INF) has expanded the lithium hydroxide scoping study at its San Jose Lithium Project to include further hydroxide as well as lithium sulphate flowsheet development.

The expanded study comes after the company identified the hard-rock San Jose resource has a natural advantage over brine producers due to a straight conversion process via a lithium sulphate transitional pathway.

This has delayed the release of the scoping study due to the increased work requirements of detailing operating and capital cost estimates for two separate products.

 

Infinity is advancing its lithium hydroxide study in direct response to the evolving battery chemicals market, with lithium hydroxide demand continuing to grow faster than lithium carbonate.

Most of the recent global investments in lithium chemical plants have been in lithium hydroxide production as lithium-ion battery makers move towards higher-energy density and nickel-rich cathodes.

The company has also identified the European Union and other European countries’ plans to primarily produce electric vehicles as a significant opportunity for San Jose’s development.

Recent investment announcements in lithium-ion battery factories across Europe are a promising sign for Infinity.

Market moving towards lithium hydroxide

Lithium remains the only element in lithium-ion batteries that cannot be substituted and the advancements in battery technologies require high-purity lithium, particularly lithium hydroxide.

The rapid evolution towards nickel-manganese-cobalt cathodes has seen lithium hydroxide as the preferred lithium chemical for cathode production, in addition to nickel-cobalt-aluminium technology that has also moved towards lithium hydroxide.

Infinity anticipates lithium hydroxide to surpass battery-grade lithium carbonate and become the main product consumed in the rechargeable battery market by 2024.

San Jose has an advantageous process route to produce lithium hydroxide using lithium sulphates and benefits from the availability of world-class infrastructure adjacent to the project area.

  READ: Infinity Lithium completes drilling and technical work for San Jose lithium carbonate feasibility

Hard rock lithium resources and the low impurities featured in mineral-based hydroxide is advantageous when selling to cathode manufacturers, compared to suppliers using brines to source raw lithium.

Lithium mineralisation at San Jose is contained within a lithium-bearing mica which can be leached to produce lithium after calcining (roast) with sulphate reagents.

In this process, ore is mixed with a smaller amount of sulphate material and then heated to create a new water-soluble compound.

The use of potassium sulphate has been targeted by Infinity to produce lithium carbonate and battery-grade lithium carbonate has been independently produced using San Jose material and this sulphate pathway.

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Tue, 16 Oct 2018 00:26:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207138/infinity-lithiums-hard-rock-lithium-holds-market-advantage-over-brine-producers-207138.html
<![CDATA[Media files - Infinity Lithium’s processing studies to ‘open doors’ for project financing ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10183/infinity-lithiums-processing-studies-to-open-doors-for-project-financing-10183.html Tue, 21 Aug 2018 12:44:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10183/infinity-lithiums-processing-studies-to-open-doors-for-project-financing-10183.html <![CDATA[News - Infinity Lithium Corporation completes drilling and technical work for San Jose lithium carbonate feasibility ]]> https://www.proactiveinvestors.com.au/companies/news/200562/infinity-lithium-corporation-completes-drilling-and-technical-work-for-san-jose-lithium-carbonate-feasibility-200562.html Infinity Lithium Corporation Ltd (ASX:INF) is progressing the lithium carbonate feasibility study for its San Jose project in Spain, with drilling and field work complete and pit designs being integrated into a financial model.

San Jose is being developed as joint venture between Infinity and Spanish construction and engineering group Sacyr SA (BME:SCYR).

Smaller pit designs

Advancements in technical work towards the feasibility study enable Infinity to earn a 75% interest in the project, after which Sacyr will become a contributing partner for ongoing expenditure.

A range of smaller pit designs have been created based on improvements in geotechnical understanding, allowing for steeper wall angles in final pit designs.

These are being assessed within a financial model and Infinity is confident it can report a pit which is substantially smaller in total surface area of disturbance yet deliver materially comparable economic outcomes without requiring an amendment to the mining licence application.

Growing lithium hydroxide demand

A lithium hydroxide option study was completed by Wave International last quarter, which demonstrated that San Jose can produce lithium hydroxide if desired in response to evolving lithium-ion battery technologies.

The importance of the ability to produce lithium hydroxide has been reinforced with several major lithium industry participants investing to transform Europe into a significant producer of lithium-ion batteries.

Infinity managing director Adrian Byass said: “We can see the market aligning now with opportunities for companies to invest in projects globally.

“It is increasingly important to have flexibility in meeting market demands and to recognise the window for investment is open currently.”

Infinity expects to be able to progress the option study towards a full scoping study in response to the evolving battery technology market.

The San Jose deposit is a highly advanced, previously mined brownfields development, representing one of Europe's largest lithium deposits.

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Wed, 11 Jul 2018 03:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200562/infinity-lithium-corporation-completes-drilling-and-technical-work-for-san-jose-lithium-carbonate-feasibility-200562.html