viewInfinity Lithium Corporation Ltd

Infinity Lithium well placed to serve Europe’s lithium industry

The company has a fully integrated supply strategy centred on the San Jose project in western Spain.

Infinity Lithium at CEO Sessions
Ryan Parkin addresses investors at this week’s Proactive CEO Sessions

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.

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.093 AUD

Market: ASX
Market Cap: $22.73 m

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