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- Infinity Lithium (INF) progresses administrative filings to advance the lodgement of an exploitation concession regarding its San José lithium project in Spain
- This follows the final determination of the Contentious-Administrative Court (CAC) in Cáceres and refers to the reinstatement of an investigation permit which was cancelled in 2021
- If the permit is reinstated and the San Jose project receives a positive judgement from the CAC, Infinity will commence the administrative process for a technical presentation of the proposed underground mine and integrated processing plant
- The company anticipates that a resolution will be reached before the end of this year
- Shares in Infinity are down 2.7 per cent and are trading at 18 cents as of 11:54 am AEST
Infinity Lithium (INF) will progress administrative filings to apply for an exploitation concession regarding its San José lithium project in Spain.
This follows the final determination of the Contentious-Administrative Court (CAC) and refers to the reinstatement of the Investigation Permit Valdeflorez (PIV) which was cancelled in early 2021 due to concerns about the “urban feasibility” of the project given its proximity to the town of Cáceres.
If the San José joint venture (JV) entity, Tecnologia Extremeña Del Litio (TEL), receives a positive judgement from the CAC and the PIV is reinstated, Infinity will commence the administrative process for the technical presentation of the project and an indirect exploitation concession application can be lodged.
The technical presentation of the proposed underground mine and integrated lithium processing plant was publicly called for by representatives of the City Council of Cáceres and the Regional Government of Extremadura.
In the event the investigation permit is not reinstated, Infinity has the legal avenue to
apply for a direct exploitation concession following the application, granting and presentation of an exploration permit.
Infinity is confident of a favourable decision especially as the Regional Government of Extremadura and the Regional Ministry of Ecological Transition have acknowledged there are multiple legal avenues to exploit the lithium resource under Spanish mining law.
The company anticipates that a resolution will be reached before the end of this year.
In addition to this news, CEO of Infinity’s subsidiary Extremadura New Energies, Ramón Jiménez, has joined its Board as an Executive Director.
Mr Jiménez was appointed CEO in March this year and said it is an honour to be part of “an emblematic project” like San Jośe which he said, has made great strides in terms of its acceptance by local and regional representatives and the local community.
“These advancements are representative of the current situation where the favourable administrative pathways for the submission and processing of permits have been acknowledged through multiple avenues, being a reference for both Spain and Europe.”
Chairman Adrian Byass said the company will benefit from Mr Jiménez’s prior success and experience gained globally and in-country in similar situations.
Shares in Infinity were down 2.7 per cent to trade at 18 cents as of 11:54 am AEST.
