Infinity Lithium Corporation Ltd (ASX:INF)’s wholly-owned Spanish subsidiary Extremadura New Energies has strengthened provincial ties by joining the Círculo Empresarial Cacereño (CEC) as a member organisation.
The CEC is one of the pre-eminent business groups in the town of Cáceres, Spain, and represents 3,500 businesses in Cáceres province, providing a voice for local businesses and promoting growth, opportunity and accessibility for its members.
In addition to membership access, Extremadura New Energies has signed a cooperative agreement outlining how it can work with the CEC for the benefit of the people of Cáceres.
Infinity chairman Adrian Byass and CEC president Diego Hernández.
Promoting local economic development
The primary purpose of this agreement is to promote economic development in the general interest of Cáceres through the promotion of business initiatives within the lithium-ion battery value chain.
The groups will also be looking towards any other business and industrial initiatives that could generate an ideal ecosystem for economic growth.
CEC president Diego Hernández said: “This is an opportunity for the city and for the province. This project is a generator of employment and wealth, and it can also provide an opportunity in the future for the retention of talent and a way to combat depopulation.”
Infinity chairman Adrian Byass was in Cáceres with Extremadura New Energies general manager David Valls to sign the agreement.
“We are very happy to be working alongside the CEC and its members so we can really understand how we can best deliver the San José Project for the people of Cáceres,” Byass said. “We are humbled by the support and hospitality we have been shown in Cáceres over the past few weeks.
“We believe this, and other relationships like this which we are forging will help us as we work towards ensuring maximum benefits from the project are realised by the town”.
Employment and service opportunities
Extremadura New Energies and the CEC will be looking to involve business members in a series of events that will provide regular project updates, introduce local businesses to Extremadura New Energies, and highlight some of the employment and services opportunities the project will bring to the town.
The two groups will also work together to identify relevant skills shortages locally and collaborate with local training and education institutes to develop future programs or opportunities.
About Infinity Lithium
Infinity Lithium is an Australian listed minerals company seeking to develop its 75%-owned San José Lithium Project in Spain.
The proposed fully integrated industrial 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 availability of critical raw materials and the production of battery-grade lithium hydroxide in the EU is essential to ensure the long-term production of lithium-ion batteries for electric mobility and the transition of the EU’s automotive industry towards electric vehicles.