Transport Sector Agreement Boosts Local Network

Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’), through its wholly owned Spanish subsidiary Extremadura New Energies, is pleased to announce the execution of a collaborative agreement with the Association of Transport Entrepreneurs of Extremadura (‘Asemtraex’). Extremadura New Energies and Asemtraex will work together to promote economic development opportunities within the freight sector in the community of Cáceres and Extremadura through support for the integrated lithium chemical conversion project.

• Extremadura New Energies signs agreement with the Association of Transport Entrepreneurs of Extremadura “Asemtraex”.
• The two groups will collaborate to support the creation of a transport logistics centre in Cáceres.
• Asemtraex members will have priority access to Battery Academy courses.
• Agreement adds to the multiple co-operative agreements with major local business and community groups

The agreement with Asemtraex follows multiple co-operative agreements with major local business and community groups including Círculo Empresarial Cacereño (refer to ASX announcement 3 March 2022) and training and development programs with LOABRE and CarEX (refer to ASX announcement 23 March 2022).

Asemtraex and Extremadura New Energies noted in the agreement a commitment to “work together to generate an ideal ecosystem to promote economic growth, fight unemployment and generate opportunities for the population of Cáceres and Extremadura.”

CEO of Extremadura New Energies, Ramón Jiménez Serrano, noted that “this is a further step in the search for synergies with local entrepreneurs. One of Extremadura New Energies’ main objectives is for the lithium processing plant to become a centre of development and to help to attract other projects that will especially benefit commerce in the region. Cáceres can play a very important role in the new industrial ecosystem that will be generated around lithium”.

Asemtraex president, Miguel Ángel Sánchez Bravo, notes “the business association is in favour of industrial activities, which in compliance with the applicable legislation, involves the creation of a business network and the contribution of wealth and added value for Cáceres and Extremadura - especially those generating synergies for the road transport sector represented by Asemtraex. The Extremadura New Energies project will boost both direct and indirect activity in freight and other industrial initiatives, with both parties collaborating to support the creation of a transport logistics centre in Cáceres”.

Transportation logistics relating to raw materials and products will be an important element in the successful development of the San José Lithium Project (‘San José’, or ‘the Project’), which will see significant material movements.

Asemtraex members will have priority access to courses that Extremadura New Energies will promote related to energy storage, electric mobility and renewable energies within the framework of the Battery Academy of the European Battery Alliance. Extremadura New Energies has announced a collaboration agreement with EIT InnoEnergy to implement training courses of the European Battery Academy and will be a priority partner for the distribution, promotion and delivery of the courses covering a wide variety of topics related to technology, business and innovation in the battery and hydrogen sector in the Extremadura community (see ASX announcement 27 April 2022).

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

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