Proactive Investors - Run By Investors For Investors

Infinity Lithium Corporation chairman picks up more shares on market

The company holds a 75% interest in the joint venture which owns the flagship San Jose Lithium Project in Spain.
markets concept
The updated PFS underway is evaluating production of lithium hydroxide from San Jose

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.

View full INF profile View Profile

Infinity Lithium Corporation Ltd Timeline

Related Articles

Potash
March 05 2019
The company’s $5.3 million rights issue to fund completion of its DFS closes this week.
Platina’s scandium oxide sample
April 10 2019
Products derived from Platina’s scandium can produce master alloy material.
Chris Giles signs the Kalkaroo Native Title Mining Agreement
January 15 2019
Kalkaroo is Australia’s largest undeveloped open pit copper-gold deposit on a copper-equivalent basis.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use