viewInfinity Lithium Corporation Ltd

Infinity Lithium Corporation board members increase stake

Ryan Parkin and Adrian Byass have been issued their placement shares worth a total of $80,000.

Infinity Lithium Corporation Ltd - Infinity Lithium Corporation board members increase stake
A pre-feasibility study was recently released for the flagship San José Lithium Project

Infinity Lithium Corporation Ltd’s (ASX:INF) managing director and CEO Ryan Parkin as well as director Adrian Byass have increased their shareholdings by $40,000 each.

Both board members acquired the stock in the recent share placement but required approval from shareholders before it could be issued.

That approval was received at the general meeting held earlier this month and the stock was issued yesterday.

Parkin increased his overall holding to over 794,000 shares and Byass increased his holding to 7.15 million shares.

PFS delivered for San José project

On 22 August 2019, Infinity released a PFS valuing its flagship San José Lithium Project in Spain at US$860 million pre-tax.

The study is based on a 30-year operation life with US$267.9 million earmarked for pre-production capex.

Proactive caught up with Infinity’s executive director of corporate strategy Vincent Ledoux Pedailles to discuss the study’s results.

Notably, Ledoux-Pedailles has been invited to participate in numerous advisory boards, panels and conferences in Europe throughout September.

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.079 AUD

Market: ASX
Market Cap: $22.25 m

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