Lithium Investing

Infinity Lithium’s San José Project Poised to Join Global Race to Secure Critical Metals, CEO Says

Lithium Investing

“We're in close proximity to our end markets. Our resources are in close proximity to that lithium chemical conversion facility, 1.5 kilometres away. So obviously this is well positioned to participate in that European market,” said Infinity Lithium Managing Director and CEO Ryan Parkin.

Infinity Lithium (ASX:INF) is inching closer to a mining licence application for its San José lithium project now that the Spanish government has finalised its environmental impact assessment (EIA) scoping document. Managing Director and CEO Ryan Parkin said the project is well positioned to join the race of securing critical raw materials.

“We're going to move forward and lodge our mining licence later this year. So we envision actually moving further through this process. And the permitting within Spain in advance of this pretty cool Raw Materials Act does provide that level of endorsement at the local and regional level to move forward,” Parkin explained.

San José will be exploiting a large hard-rock lithium resource, one of the largest in Europe, which is about 111 million tonnes, or 1.6 million tonnes of lithium carbonate equivalent, according to Parkin.

“We'll be using that as a feedstock for a large-scale, long-life project with some 26 years of production to produce approximately 19,500 tonnes per annum of this battery-grade product at steady state.” He added, “We've seen a pathway forward with key permits awarded and an EIA scoping document that is provided as the pathway to lodge a mining licence.”

Watch the full interview with Infinity Lithium Managing Director and CEO Ryan Parkin above.

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