Plymouth Minerals Ltd (ASX:PLH) has changed its name to Infinity Lithium Corporation Limited to better reflect its primary focus on the flagship San Jose Lithium-Tin Project in Spain.
The change of name was approved by shareholders at a general meeting this week.
ASX trading will continue in March using the code ASX:PLH and will transfer to ASX:INF in circa four weeks.
Company can increase ownership stake
In the December quarter of 2017 Infinity Lithium advanced to a 50% ownership of the project and is now funded to deliver a feasibility study after a recent $6.5 million capital raising.
Delivery of the study will result in the company increasing its stake from 50% to 75% within a joint venture.
READ: Plymouth Minerals divesting non-core assets to focus on lithium project
The company recently announced that it would divest its non-core potash assets in Gabon to fully focus on San Jose.
In line with this, Infinity Lithium has appointed Ryan Parkin as general manager of corporate development to spearhead ongoing lithium offtake and strategic investor initiatives.
A recent scoping study, which displays robust economic results at conservative prices to produce lithium carbonate on site, confirms the company’s decision
Infinity Lithium has also submitted a mining licence application and has independent verification of battery-grade lithium carbonate production.