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Infinity Lithium Corporation (ASX: $INF) progresses to next stage of permitting for San José

Key Facts of Infinity Lithium Corporation's Progression to Next Stage of Permitting for San José


Infinity Lithium Corporation Limited (ASX: $INF) has received positive assessment from the Regional Government confirming progression through the first stage of the Exploitation Concession Application for San José. The Regional Government's Department of Mines recognizes the San José Lithium deposit as a viable resource. The Company will now proceed to the next stage of the licensing process with the lodgement of the detailed project documentation.

Executive Commentary on Progression to Next Stage of Permitting for San José


Ramón Jiménez, CEO of Extremadura New Energies, commented, 'We are pleased to receive this positive confirmation of the lithium resource and subsequent notification from the Mines Department allowing us to progress the permitting of San José. The Project will now go through the ordinary procedure of assessment by the technicians of the Junta de Extremadura as we present what will be a very important project for the future of the region, and one which has been designed to incorporate the feedback we have received from the local community with respect to environmental and economic considerations'.

Summary of Infinity Lithium Corporation's Progression to Next Stage of Permitting for San José


Infinity Lithium Corporation (ASX: $INF) has successfully completed the first stage of the Exploitation Concession Application for San José, receiving positive assessment from the Regional Government. The Company is now set to advance the submission for its lithium extraction and processing project in Cáceres. The Project aims to develop the San José Lithium Project, which is focused on the production of battery grade lithium chemicals from a mica feedstock. This progression marks a significant step towards the EU's development of a vertically integrated lithium-ion battery supply chain, essential for the long-term production of lithium-ion batteries for electric mobility and the transition of the EU's automotive industry towards electric vehicles.

INFINITY LITHIUM CORPORATION LIMITED
INF | ASX | Materials
0.051-0.001(-1.92%)
At close 05/07 (AEDT)
Market cap
$24.1M
Volume
6,091
DY Yield
0
PE Ratio
0
52 Week Range
0.05 - 0.16
1YR Return
-66%

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