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Infinity Lithium’s scoping study highlights low-cost advantages of San Jose Lithium Project

Infinity Lithium Corporation Ltd (ASX:INF) managing director & CEO Ryan Parkin updates Proactive Investors on the lithium developer’s completed scoping study into the production of battery-grade lithium hydroxide at its San Jose Lithium Project in Spain.

“[The study has] been a response to the evolving battery chemicals market and more specifically the movement towards high-nickel content, greater energy range and greater energy-density cathodes,” Parkin says.

He continues, “We’ve had a great result with our scoping study – an NPV (net present value) in excess of US$715 million and an IRR (internal rate of return) of 51%.

“It’s a long-life, robust and exciting project for us there in Europe.”

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.089 AUD

ASX:INF
Market: ASX
Market Cap: $25.07 m
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Infinity Lithium agrees European funding deal for San José project

Infinity Lithium Corporation Ltd's (ASX:INF) Vincent Ledoux Pedailles speaks to Proactive London's Andrew Scott following the news they've signed an MoU for a multi-staged investment and assistance package with European Union’s (EU) EIT InnoEnergy. The initial part of the package is an...

on 25/3/20

2 min read