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Infinity Lithium secures milestone partnership and investment from EU-backed group

Infinity Lithium Corporation Ltd (ASX:INF) (FRA:3PM) has executed binding agreements for a multi-staged funding and added services assistance package with European Union-based innovation initiative EIT InnoEnergy.

Executive director corporate strategy Vincent Ledoux Pedailles tells Proactive this milestone agreement means that INF’s San Jose project in Spain is the first lithium project to secure funding and support from the group, which is leading the European Battery Alliance’s (EBA) industrial stream.

Infinity Lithium’s goal is to start supplying the European battery and auto industry as soon as 2023 from the Spanish project.

EBA program director, industry Thore Sekkenes also speaks about the work that the alliance is doing to develop a fully integrated supply chain in Europe and the key role lithium has to play.

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.084 AUD

ASX:INF
Market: ASX
Market Cap: $20.06 m
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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...

on 25/3/20

2 min read