Infinity Lithium

Key Exploraton Permit Granted

Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’), through wholly owned subsidiary Extremadura New Energies, is pleased to announce the Extremadura Regional Ministry of Ecological Transition has granted the Exploration Permit Extremadura S.E (‘PESE’).


HIGHLIGHTS

  • Exploration Permit over San José granted.
  • Permitting milestone reinforces government and stakeholder commitment to the Project.

Extremadura New Energies welcomes the Regional Government’s decision which applies to the grounds inclusive of the resource area relating to the San José Lithium Project (‘San José’, or ‘the Project’).

Infinity CEO and Managing Director, Ryan Parkin, commented “The award of this key permit validates Infinity’s administrative rights to advance San José, and provides the momentum to accelerate towards the next stages of the Project in concert with the Extremadura Lithium Decree Law.”

The granting of the PESE provides absolute reference to right of tenure for an extended area for San José. The Project area now includes grounds inclusive of PESE and the Investigation Permit Ampliación Valdeflórez (‘PIAV’).

Any future submission of an Exploitation Concession Application (‘ECA’) notification will comprise areas contained within PESE and PIAV.

Figure 1: Project AreaInvestigation Permit Ampliación Valdeflórez (Blue) – Granted Exploration Permit Extremadura S.E. (Green) - Granted San José lithium deposit

The CEO of Extremadura New Energies, Ramón Jiménez, commented "The granting of the Exploration Permit is a major milestone for the Project, providing clarity on the permitting and administrative process for a fully integrated lithium project in the heart of Cáceres. The Regional Government of Extremadura has pre-empted Europe’s move to accelerate the permitting process through the adoption of the Lithium Decree Law and we will continue to collaborate with major stakeholders to deliver a strategically essential project for the local and regional community, Spain and broader Europe."


Click here for the full ASX Release

This article includes content from Infinity Lithium, 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.

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