Green H2 & Renewable Energy Collaboration with SOI H2-ALEX

Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’) is pleased to announce the inclusion of its wholly owned Spanish subsidiary Extremadura New Energies in the major private- public alliance SOI H2-ALEX (‘H2-ALEX’ or ‘the Group’). The Group is focused on the advancement of green hydrogen developments in the south-west Iberian Peninsula and specifically the Alentejo and Extremadura (‘ALEX’) regions in Spain and Portugal.

HIGHLIGHTS

• Extremadura New Energies joins major green hydrogen group SOI H2-ALEX.
• The Company is planning to integrate green hydrogen and other renewable energies as part of the industrial lithium chemical project.
• The Company will assess potential supply of green hydrogen from multiple sources including localised production.

The Group, in alliance with around 30 entities, is focused on the advancement of an Iberian green hydrogen project and pipeline from Sines (Lisbon) in Portugal to Puertollano (Ciudad Real) in Spain, with a branch extended to Cáceres. Extremadura New Energies executed an MoU with global leading engineering firm thyssenkrupp Industrial Solutions AG BU Mining (‘thyssenkrupp’) to assess the potential to use green hydrogen to power the San José Lithium Project (‘San José’, or ‘the Project’) calciner at the fully integrated lithium chemical conversion plant (see ASX announcement 6 December 2021). There is also the potential to use green hydrogen for other energy applications on site.

Extremadura New Energies is undertaking an assessment for the supply of green hydrogen from localised sources and potentially from the Iberian green hydrogen pipeline that is planned to run through the locality of Cáceres. There is the potential to assess the localised supply of renewable energy through a photovoltaic installation and the generation of green hydrogen in Cáceres in direct alignment to the Project. Extremadura New Energies is examining potential industrial locations in the locality of Cáceres for these renewable energy installations that would be directly aligned to the energy requirements of the Project.

Extremadura New Energies CEO, Ramón Jiménez, highlighted the importance of the initiative and stressed that hydrogen will play a key role in the delivery of an environmentally and socially viable project in Cáceres.

Jiménez noted “the new project designed by Extremadura New Energies is proposing the use of green hydrogen for calcining and roasting of the lithium bearing materials instead of natural gas. The use of green hydrogen facilitates the material reduction in the CO2 footprint of the battery grade lithium chemicals to be produced on site in Cáceres. This is in addition to the use of 100% renewable energy and the incorporation of electric vehicles, allowing us to an environmentally and socially viable project with the minimisation of the major emitting sources of energy. The carbon footprint makes this plant unique in Europe and meets the highest standards of sustainability”.

The SOI H2-ALEX group that is focused on the green hydrogen pipeline project is promoted in Portugal by the Agência de Desenvolvimento Regional do Alentejo (the Alentejo Regional Development Agency) and has the participation of more than twenty entities and companies, including the collaboration of Junta de Extremadura. SOI H2 is represented in Spain by the business association LOABRE and by the Extremadura electric mobility group CarEX. Extremadura New Energies have recently executed collaborative agreements with multiple local business and community associations including LOABRE and CarEX (refer ASX announcement 23 March 2022).

H2-ALEX is also focused on facilitating projects aligned to energy transition based on the deployment of renewable energies such as solar, biomass and hydroelectric which are uniquely abundant in the region.

The announcement was authorised by the Board. For further inquiries please contact.

Ryan Parkin

CEO, Managing Director

T: +61 (8) 6146 5325

E: rparkin@infinitylithium.com

Lucas Robinson

Investor Relations Manager

T: +61 (0)408 228 889

E: lrobinson@infinitylithium.com

Click here for the full ASX Release

This article includes content from Infinity Lithium Corporation Limited , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.