Join our daily newsletter At The Bell to receive exclusive market insights
- Infinity Lithium (INF) will conduct a formal presentation of its redesigned underground development proposal of the San Jose lithium project
- The company, through its wholly-owned Spanish subsidiary Extremadura New Energies (ENE), will reassess the current legal pathways for formal assessment
- This decision comes after the City Council of Cáceres and the Regional Government of Extremadura requested clarification for the technical assessment
- The technical presentation of the project will provide visibility to interested parties and stakeholders under the requirements of the administrative process and in adherence with ASX listing rules
- Shares in Infinity Lithium were up 8.33 per cent to $0.13 as of 12:09 pm AEST
Infinity Lithium (INF) will conduct a formal presentation of its redesigned underground development proposal of the San Jose lithium project through its wholly-owned Spanish subsidiary Extremadura New Energies (ENE).
This decision comes after the City Council of Cáceres and the Regional Government of Extremadura requested clarification for the technical assessment of an environmentally sustainable project.
The company will reassess the current legal pathways to advance the technical presentation for formal assessment of the project following the public request from the Mayor of Cáceres.
Currently, the company has engaged directly with major stakeholders and the redesigned project is in direct response to the local community and social licence advancements.
“The willingness to address alternative formal avenues is a major step forward as all parties seek to resolve a pathway to delivery of a world class project to cornerstone Extremadura’s lithium-ion battery value chain,” ENE CEO Ramón Jiménez Serrano said.
The technical presentation of the project will provide visibility to interested parties and stakeholders under the requirements of the administrative process and in adherence with ASX listing rules.
Shares in Infinity Lithium were up 8.33 per cent to $0.13 as of 12:09 pm AEST.
