Updated Scoping Study - San José Lithium Project

Infinity Lithium Corporation Limited (‘Infinity’ or ‘the Company’), is pleased to announce the completion of the Updated Scoping Study (‘the Study’ or ‘the Updated Scoping Study’) for the San José Lithium Project (‘San José’, or ‘the Project’). The Study assesses the potential for the significant increase in production of battery grade, lithium hydroxide monohydrate (‘LHM’) from the Company’s proposed integrated lithium chemical conversion facility utilising a lithium bearing hard rock mica as feedstock from an underground mineral extraction operation. The Project’s positive financial outcomes and environmental characteristics are complemented by increased production profiles resulting from improved lithium recoveries and energy efficiencies. San José is aligned to the European Union’s strategic objectives to ensure the security of critical raw materials and chemical conversion capacities in the development of a localised lithium-ion battery value chain.

Infinity CEO and Managing Director, Ryan Parkin noted“The significant advancements in our R&D programs have demonstrated material upside potential for San José and present an opportunity for other non-traditional sources of lithium bearing materials to utilise our intellectual property to maximise lithium recoveries whilst providing significant social and environmental upside. We are pleased to align the Project to the strategic objectives of the European Union whilst ensuring the highest calibre outcomes for the local community. The advancement of San José is a generational opportunity for the region of Extremadura, and we are excited to progress the next stages of the Project following the outcomes detailed in the Updated Scoping Study”.

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