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Infinity Lithium agrees European funding deal for San José project

Infinity Lithium Corporation Ltd's (ASX:INF) Vincent Ledoux Pedailles speaks to Proactive London's Andrew Scott following the news they've signed an MoU for a multi-staged investment and assistance package with European Union’s (EU) EIT InnoEnergy.

The initial part of the package is an investment in Infinity of a staged €800,000 at a 66% premium to the last traded share price, to fund Phase I of Infinity’s innovative lithium conversion process.

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.098 AUD

ASX:INF
Market: ASX
Market Cap: $30.41 m
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Infinity Lithium completes capital raise bringing 2.2 million dollars into...

Infinity Lithium (ASX: INF) Managing Director Ryan Parkin joined Steve Darling from Proactive with news the company has had a firm commitment to raise 2.2 million dollars through a private placement. That money, according to Parkin, will be used to advance their San Jose Lithium...

on 11/9/20

2 min read