Infinity Lithium

Overview

The electric vehicle (EV) revolution is well underway, and world governments are scrambling to create domestic supply chains to support it. The European market is rapidly expanding with enormous battery production capacity already committed and the European Union has aggressive goals to put at least 30 million zero-emission vehicles on the road by 2030. Still, consumer adoption isn’t the only problem — the EU needs a domestic lithium supply.

Infinity Lithium (ASX:INF, FRA:3PM) is an Australia-listed project developer that became the first to secure investments from the European Union to support the region’s plans for a domestic lithium supply chain. Lithium is a critical metal for producing high-capacity batteries that EVs require. One hundred percent of Europe’s battery chemical supply is currently imported, and such import reliance may become unsustainable as demand exponentially grows. The EU will require 18 times more lithium by 2030 and 60 times more by 2050.

Infinity Lithium is developing a fully integrated, industrial lithium project utilizing one of the EU’s largest hard-rock lithium deposits with the potential to supply the region’s growing lithium demand. Its San José Lithium Project comprises both hard-rock lithium mining and chemical processing on-site to produce close to 20,000 tonnes per annum (tpa) of lithium hydroxide. In addition, Infinity Lithium has developed novel sustainable lithium processing technologies, via its Infinity GreenTech subsidiary, that can potentially unlock previously unviable lithium deposits.

Focused on supporting Spain and the EU’s energy transition, Infinity Lithium’s project is located in the Extremadura region of Spain near the town of Cáceres. The processing plant will operate using the novel technologies Infinity has developed with the support of EIT Innoenergy and will allow for more sustainable processing operations compared to traditional and existing lithium processing practices.

In February 2022, test work conducted at Dorfner Anzaplan in Germany produced battery-grade lithium hydroxide from the feedstock at Infinity Lithium’s San José project. These results are significant as they indicate that Infinity’s project is the first in the EU to produce battery-grade lithium chemicals and proves the efficacy of its innovative, environmentally sustainable process.

The company understands the importance of an impeccable ESG rating and works closely with the local community to create an operation that adds value. In October 2021, Infinity’s project converted its mining activity to an underground extraction methodology to further improve its environmental credentials and meet the demands of the local community of Cáceres.

An experienced management team leads Infinity Lithium toward its goal of becoming a significant player in the European Union’s lithium supply chain. Experts in corporate management, resource extraction, and chemical engineering create a team capable of leading the company toward its goals.

Company Highlights

• Infinity Lithium is an ASX-listed project developer that became the first recipient of investment from the European Union to support its goals of creating a local lithium supply chain.
• The company has an integrated lithium project that includes resource extraction and processing at the same location. The project contains the second-largest known lithium hard-rock deposit in the European Union.
• Infinity Lithium has also developed novel, innovative and sustainable technologies for low-grade lithium chemical processing.
• Recent test work conducted by Dorfner Anzaplan and Infinity’s technical advisory committee demonstrated that the company’s project and its processing technologies produce battery-grade lithium, the first project in Europe to do so.
• Infinity Lithium is mindful of its ESG rating and works closely with the local community to minimize the project’s environmental impact and provide value to surrounding communities.
• An experienced management team builds confidence the company will achieve its ambitious goals of becoming a significant player in the EU’s lithium supply chain.