viewInfinity Lithium Corporation Ltd

Infinity Lithium Corporation chairman picks up more shares on market

The company holds a 75% interest in the joint venture which owns the flagship San Jose Lithium Project in Spain.

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The updated PFS underway is evaluating production of lithium hydroxide from San Jose

Infinity Lithium Corporation Ltd (ASX:INF) chairman Kevin Tomlinson has purchased an additional 110,000 shares through on-market trades.

The purchase amounted to $9,250 and increases his stake to 276,667 shares in the company.

The company is developing its flagship San Jose Lithium Project in Spain where it is investigating the viability of producing lithium hydroxide.

READ: Infinity Lithium Corporation sees increasing support for lithium projects in EU

Following on from the successful scoping study for lithium hydroxide on 29 November 2018, Infinity engaged Wave International to manage a pre-feasibility study (PFS).

The PFS is evaluating the production of battery-grade lithium in an integrated processing facility at San Jose by Infinity on behalf of the joint venture company.

Test work underpinning the PFS is focused on processing and evaluating whether mined ore can be transformed into high-value lithium hydroxide.

San José is proposed as an integrated industrial processing facility to produce lithium chemicals for lithium-ion batteries which are essential to support the EU’s burgeoning electric vehicle industry.

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.09 AUD

Market: ASX
Market Cap: $25.35 m

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on 25/3/20

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