Infinity inks additional land lease for its San Jose lithium project

Infinity Lithium Corporation (ASX:INF) has added to its land portfolio for the progression of its San Jose project in Spain.

The company has secured a second long-term – totalling 11 hectares – which will be dedicated San Jose’s lithium chemical conversion plant infrastructure and surface tailings, and which sits adjacent to Infinity’s previously secured land.

It is also within the granted exploration permit for the San Jose project.

The new lease is structured around a multi-year option for a minimum lease of 35 years, and was secured by Infinity’s wholly owned subsidiary Extremadura New Energies.

CEO of Extremadura Energies Ramon Jimenez said the lease was a key achievement in plans for the San Jose project.

“The new land agreement is another major milestone for Jan Jose,” he said.

Collaboration with major local stakeholders continues and we are pleased to have finalised a new agreement to secure rights to an essential land package for the project.”

Infinity has been progressing the San Jose lithium play – in which it has an interest of 75 percent – as a hard rock lithium deposit, representing one of the largest in Europe.

Infinity Lithium is trading at 8c.