Infinity Lithium: The First Developer to Secure Investment From the European Union

Infinity Lithium (ASX:INF, FRA:3PM) became the first to secure investments from the European Union to support the continent’s plans for a domestic lithium supply chain. The company is developing the most technically advanced integrated industrial lithium project in the EU at its San José lithium Project. Infinity Lithium’s project comprises both hard-rock lithium mining and chemical processing on-site. In addition, it has developed novel sustainable lithium processing technologies with the potential to unlock previously unviable lithium deposits via its Infinity GreenTech subsidiary.

Infinity Lithium’s project is located in the Extremadura region of Spain near the town of Cáceres and contains the EU’s second-largest hard rock lithium deposit. However, the company is doing much more than mining lithium. Infinity is focused on supporting Spain and the EU’s energy transition. It is building a fully integrated lithium processing plant on site at its San José Lithium Project that will utilise the deposit as feedstock for its processing plant to produce 20,000tpa (over 26 years) of battery grade lithium chemicals. 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 when compared with traditional and existing lithium processing practices.

Company Highlights

• Infinity Lithium is an ASX-listed project developer that 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 indicated 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 impact and provide value to surrounding communities.
• An experienced management team builds confidence that the company will achieve its ambitious goals of becoming a significant player in the EU’s lithium supply chain.

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