Overview of Infinity Lithium's San José Lithium Project declaration

Infinity Lithium Corporation Limited (ASX: $INF) has received recognition from the Regional Government of Extremadura, declaring the San José Lithium Project a project of regional and general interest. This declaration grants the project PREMIA status, expediting its permitting pathway as it progresses through the Exploitation Concession Application.

Executive commentary on the significance of PREMIA status

The Managing Director and CEO of Infinity, Ryan Parkin, emphasized the exceptional standing of the San José project within a proactive government that is actively seeking investment in downstream lithium-ion battery value chain initiatives. Parkin highlighted the project's critical and strategically significant nature for both Extremadura and the EU, as well as its potential to fast track the permitting administrative processes, which he views as a major endorsement for the project.

Summary of the declaration and outlook

The Regional Government of Extremadura's declaration of PREMIA status for the San José Lithium Project signifies its strategic importance to the region and expedites the permitting process. This recognition aligns with Infinity's goal to develop a fully integrated industrial project focused on producing battery-grade lithium chemicals from a significant lithium deposit. The company aims to play a crucial role in the EU's development of a vertically integrated lithium-ion battery supply chain, essential for the transition towards electric vehicles. The declaration sets the stage for Infinity to contribute to the EU's automotive industry and ensure the long-term production of lithium-ion batteries for electric mobility.