- Infinity Lithium (INF) has entered back-to-back trading halts ahead of a capital raise
- At this stage, it is unknown how much the company intends to raise and what it will use the funding for
- Company shares will be paused until Tuesday, September 8, or when it releases more information to the market
- The company owns 75 per cent of the San Jose Lithium mine in Spain and is aiming to produce high quality, battery-grade lithium hydroxide
- Infinity’s long-term goal is to supply the European lithium-ion battery supply chain and the electric vehicle industry
- Infinity last traded for 7.7 cents per share on September 1
Infinity Lithium (INF) has entered back-to-back trading halts ahead of a capital raise.
At this stage, it is unknown how much the company intends to raise and what it will use the funding for.
Company shares will be paused until Tuesday, September 8, or when it releases more information to the market.
At present, the company is seeking to develop its 75 per cent owned San Jose Lithium Project in Spain. The project is being developed by open-pit methods with ore treated and refined on-site to produce high quality, battery-grade lithium hydroxide.
Infinity’s long-term goal is to supply the European lithium-ion battery supply chain and the electric vehicle industry.
The company’s latest significant news was that its Non-Executive Director, Vincent Ledoux-Pedailles, had resigned.
“Infinity is now well placed to continue under the stewardship of our Executive and the Board wish Vincent well in his future endeavours,” Non-Executive Chairman Adrian Byass said in August.
Company shares last traded for 7.7 cents per share on September 1.