leadf
logo-loader
viewInfinity Lithium Corporation Ltd

Infinity Lithium makes progress with EU funding application

Infinity is the leader of a group of EU lithium-ion battery supply chain participants that have formed the European Battery Alliance (EBA).

Infinity Lithium Corporation Ltd - Infinity Lithium makes progress with EU funding application
Infinity is focused on developing its San José Lithium Project in Spain

Infinity Lithium Corporation Ltd (ASX:INF) has had the initial application to access EU funding of up to €7 million registered and approved.

The application was put forward by private investment company InnoEnergy, which was appointed by the EBA consortium.

The application is for the KIC InnoEnergy SE Innovation Projects Investment Round 2019.

Funds can be potentially provided for the advancement of the next stages of bench-scale test work and modular plant in the EU.

The grant would potentially incorporate an associated success fee based on revenue share upon commercialisation of San José.

The maximum funding available over 3 years is €7 million under the KIC InnoEnergy SE Innovation Projects Investment facility.

Next steps involve presentation this week

A presentation of the project will now be made by Infinity to InnoEnergy’s committee in Stockholm this week.

The committee consists of technical experts as well as business, education, finance and IP specialists.

Quick facts: Infinity Lithium Corporation Ltd

Price: 0.081 AUD

ASX:INF
Market: ASX
Market Cap: $22.81 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Infinity Lithium Corporation Ltd named herein, including the promotion by the Company of Infinity Lithium Corporation Ltd in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

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