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2021-07-19 by Proactive Australia
Infinity Lithium Corporation Ltd (ASX:INF)(FRA:3PM) has finalised a favourable revision relating to the JV agreement between the company s wholly owned subsidiary, Extremadura Mining S.L and joint venture (JV) partner Valoriza Minera S.A.
Extremdaura Mining will maintain a 75% project ownership interest in the JV entity TEL, the project vehicle that contains the rights to the San José Lithium Project in Spain
The revised agreement provides for the deferral of current payment obligations by Extremadura Mining to Valoriza Mineria and provisions to accelerate the acquisition of the balance of shares in TEL aligned to the resolution of research permit Investigation Permit Valdeflórez (PIV).
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2021-07-15 by Proactive Australia
Infinity Lithium Corporation Ltd (ASX:INF)(FRA:3PM) is making strong progress with test-work as part of the EIT InnoEnergy funded program to produce battery-grade lithium hydroxide from the San José Lithium Project in Spain.
The test-work program funded by EIT InnoEnergy is undertaken and managed by industry-leader Dorfner Anzaplan in Germany and the company s Technical Advisory Committee in Australia with results generally consistent with pre-feasibility study (PFS) assumptions.
EIT InnoEnergy is part of a platform funded by the European Battery Alliance (EBA) with which Infinity is working closely.
Foundation for feasibility study
This work is intended to provide the foundation for a feasibility study for battery-grade lithium hydroxide production from San José.