Infinity Lithium Spanish subsidiary Extremadura New Energies joins provincial business association
The collaboration will promote economic development and business initiatives within the lithium-ion battery chain in Cáceres.
Company
ASX:INF
Infinity is an ASX listed metals company with assets in Australia and Europe. The company has been focused on a diversification strategy to manage commodity cycles and drive value.
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The collaboration will promote economic development and business initiatives within the lithium-ion battery chain in Cáceres.
“The production of battery grade lithium hydroxide in the scale-up phase has highlighted the successful implementation of the innovative sulphate roast process in alignment to key EU ESG principles," says CEO.
The company has moved to broaden test-work for lithium processing at its San José Lithium Project to potentially incorporate smaller-scale materials. The company believes its non-toxic, recyclable reagents will produce less waste and less e
“Infinity and thyssenkrupp BU Mining are bringing world-leading technologies to San José in alignment to Extremadura’s ambitions to produce green hydrogen from their vast renewable energy projects, and progress sustainable industrialisation
The company says the readily available reagents used in the process are low cost, non-toxic and recyclable, while the overall environmental impact of the process is minimised through the use of renewable energy and the recirculation of key
The San José Lithium Project provides substantial advantages in supplying Europe with one of the continent's few economically viable sources of lithium raw material and strategic alignment of downstream processing facilities.
“The integrated underground mine and lithium hydroxide scoping study builds on the extensive test-work that has recently resulted in the production of battery-grade lithium hydroxide and carbonate,” says MD.
The company has prioritised continued community engagement and collaboration with local stakeholders to progress what it sees as a critically important project through to development for the benefit of the local community, Spain and the EU.
Ongoing testing to produce battery-grade lithium hydroxide and lithium carbonate for the EU's lithium market from the San Jose Project in Spain has produced positive results.
Zelira Therapeutics Ltd is up 10.81% on the back of its announcement that it has expanded into Europe via the large and growing German cannabinoid-based medicines market.
The test-work program is out to demonstrate the San José project’s optionality as Infinity advances a lithium asset to supply Europe’s battery industry.
The revised agreement provides for the deferral of current payment obligations by Infinity to its joint venture partner in Spain.
The proposed fully integrated industrial San José Lithium Project is focused on the production of battery-grade lithium chemicals from a mica feedstock that represents the EU’s second-largest JORC-compliant hard rock lithium deposit.
The company’s San José Lithium Project in Spain is ideally positioned to cornerstone Spain’s lithium-ion battery value chain with the country’s largest JORC-compliant lithium resource and commercially advanced integrated lithium chemicals p
The Memorandum of Understanding provides "the potential to support a global leading lithium-ion battery producer to secure essential facets of the supply chain”, says CEO & MD.
The presentation provided the opportunity to respond to queries on the current status of the project and highlight the essential support the company requires from the European Battery Alliance and the Spanish government.
The company's goal in the long-term is to supply the European lithium-ion battery supply chain and EV industry.
Infinity and major stakeholders recognise the critical importance of San José and the requirement to resolve administrative deficiencies that have potentially wide-ranging implications for Spain.
Infinity and major stakeholders recognise the critical importance of San José and the requirement to resolve administrative deficiencies that have potentially wide-ranging implications for Spain.
Infinity recently welcomed the key priorities for the EU battery value chain as outlined in the 5th Ministerial Meeting of the European Battery Alliance on March 12, 2021.