Infinity Lithium (ASX:INF) has received confirmation of the viability of the lithium resource at the San José Lithium Project in Spain, clearing the way for the next stage of the licencing process.
The confirmation was received by Infinity’s wholly owned subsidiary, Extremadura New Energies, from the regional government’s Department of Mines, and concludes the first stage of the Exploitation Concession Application (ECA).
Infinity, which has a market capitalisation of $26.83 million, says the next stage of permitting includes lodging detailed project exploitation, rehabilitation and restoration, and environmental impact assessments.
Ramón Jiménez, CEO of Extremadura New Energies, says: “The project will now go through the ordinary procedure of assessment by the technicians of the Junta de Extremadura as we present what will be a very important project for the future of the region, and one which has been designed to incorporate the feedback we have received from the local community with respect to environmental and economic considerations.”
The San José Project lies in the Extreadura region of Spain. Infinity Lithium aims to mine hard rock mica resources and develop processing facilities to provide a strategically essential European mine-to-end product lithium chemicals operation.
Infinity Lithium will be presenting at the upcoming Vertical Events 2024 Gold Coast Investment Showcase, being held on 19 and 20 June at the JW Marriott Gold Coast Resort & Spa, Queensland.
Mining.com.au is a media partner of this year’s event. To register for free click here.
Write to Aaliyah Rogan at Mining.com.au
Images: Infinity Lithium
