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Infinity Lithium Corporation Ltd

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

The San Jose Lithium Project is in a unique position to supply the European lithium-ion battery and electric vehicle industries.

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European Battery Alliance has given a thumbs up

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.

Quick facts: Infinity Lithium Corporation Ltd

Price: $0.07

Market: ASX
Market Cap: $15.02 m
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Full interview: PFS values Infinity Lithium's flagship San José project at...

Infinity Lithium Corporation Ltd's (ASX:INF) executive director of corporate strategy Vincent Ledoux Pedailles chats to Proactive London's Andrew Scott following the publication of a PFS (pre-feasibility study) for the development of its flagship San José lithium project in Spain. The study...

on 22/8/19

3 min read