Infinity Lithium to evaluate dual listing on Madrid Stock Exchange, executive directors awarded for PFS work
The Madrid Stock Exchange has a combined market capitalisation of more than $1.2 trillion.
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 Madrid Stock Exchange has a combined market capitalisation of more than $1.2 trillion.
The pre-feasibility study (PFS) estimates the lithium hydroxide project has a pre-tax valuation of US$860 million (~A$1.26 billion).
Test work has produced lithium hydroxide monohydrate from recirculated potassium sulphate confirming the planned processing flow sheet works.
The critical raw materials list is an essential component of assessing European supply needs and investment strategies.
The PFS is evaluating the production of lithium hydroxide from the San José Lithium Project in Spain.
This transaction is facilitated through an option and sale agreement which includes a milestone-based structure for cash or share consideration of up to US$3 million.
The European Investment Bank is evolving with rapidly progressing lithium-ion battery technology and reviewing its lending policy to include more battery raw materials and mining projects.
The company is developing its flagship San Jose Lithium Project in Spain.
The PFS is expected to be complete next month and will build on the November 2018 scoping study that valued the lithium project at up to US$1.017 billion.
The company is witnessing an increasing focus in Europe on developing an integrated lithium supply chain within the continent.
There is no doubting that there’s plenty of lithium around - it is the 32nd most abundant element in the earth’s crust, ahead of lead, tin, uranium, tungsten, silver, mercury, platinum and gold.
There is no doubting that there’s plenty of lithium around - it is the 32nd most abundant element in the earth’s crust, ahead of lead, tin, uranium, tungsten, silver, mercury, platinum and gold
The company has the largest open-pit based lithium resource in Europe.
The company holds a 75% interest in the joint venture which owns the flagship San Jose Lithium Project in Spain.
European Commission has requested the European Investment Bank to become more engaged in funding battery raw material projects in exploration, mining and refining.
The project is proposed as an integrated industrial processing facility and test work continues to confirm assumptions of the lithium hydroxide scoping study released in Q4 2018.
The San Jose Lithium Project is in a unique position to supply the European lithium-ion battery and electric vehicle industries.
Investments and investor services
The company has been granted a trading halt which will remain in place until Monday, June 3, or until an announcement is released.
The company has a fully integrated supply strategy centred on the San Jose project in western Spain.
Investments and investor services
The Sydney CEO Session is on Monday, May 13, and the Melbourne session is Tuesday, May 14.