News Articles for Infinity Metals

ASX-listed Infinity Lithium looks to be systematically progressing its battery production expertise at its San José lithium project in Spain with the company's freshly incorporated, Infinity GreenTech outfit lodging a provisional patent application for a cutting-edge lithium hydrometallurgical conversion process. The company says its latest venture will focus on commercialising low carbon footprint lithium hard rock processing technologies.

ASX-listed Infinity Lithium is ticking off the milestones at its San José lithium project in Spain with the successful completion of the next phase of test work triggering the second investment by EIT InnoEnergy of €200,000. Under an agreement struck last year, the third and final payment of €200,000 is payable upon the completion of the bench scale test work slated for the first quarter of 2022.

Infinity Lithium has estimated the net present value of its proposed San José lithium mine and hydroxide plant in Spain at US$811.7m, which translates into a whopping $1.094 billion in Australian dollars. The company says the project will spit out US$190m a year for 26 years in net cash flows from the production of 19,500 tonnes of battery grade lithium hydroxide annually.

Infinity Lithium has ticked off a key milestone with metallurgical testwork producing the first battery-grade lithium hydroxide from its 75 per cent owned San Jose lithium project in Spain. The company's technical advisory committee has undertaken a parallel review of all technically feasible alternative extractive technologies identifying multiple new processes which could provide opportunities for significant improvements in all parameters of the process flow sheet.

Infinity Lithium is edging closer to producing battery-grade lithium hydroxide from its 75 per cent owned San Jose lithium project in Spain with feasibility study metallurgical testwork advancing to the final “crystallisation” stage of the planned process flow sheet. Infinity recently entered a memorandum of understanding with leading lithium-ion battery producer, LG Energy Solutions, on potential long-term supply of battery-grade lithium hydroxide.

ASX-listed Infinity Lithium says the Spanish government has approved a “historical funding package” of €4.3 billion through to 2023 aiming to transform the nation into a European electric vehicle production hub. Infinity is looking to provide critical raw materials for production of lithium-ion batteries used in electric vehicles from its 75 per cent owned San Jose lithium project in Spain.

ASX-listed Infinity Lithium Corporation has signed a non-binding memorandum of understanding with LG Energy Solution for supply of lithium hydroxide from its proposed San Jose project in Spain. LGES is a major South Korean manufacturer of lithium-ion batteries. The San Jose project is seen as an important component in the EU's progress towards a vertically integrated lithium-ion battery supply chain.

ASX-listed Infinity Lithium Corporation has signed a consultancy agreement with Spanish mining outfit Promotora de Minas de Carbon as the Australian company looks to shore up its San Jose lithium project in Spain's Extremadura region. Forty-five-year-old Promotora de Minas de Carbon has agreed to provide mining advisory services to Infinity for an all-options success fee comprising two tranches of 20 million options each.

Infinity Lithium has cited high-level European Commission and Spanish national government support for ambitious EU electric vehicle and battery supply chain expansion targets that support development of significant domestic raw material sources such as its San Jose lithium project in Spain. Last week's European Battery Alliance Day spotlight on San Jose followed the recent cancellation of Infinity's investigation permit by a regional Spanish government.

Whilst ASX-listed Infinity Lithium is fleshing out a formal feasibility study for its vertically integrated, battery-grade lithium hydroxide project in Spain, Europe's key power brokers have met for the fifth time under the guise of the European Battery Alliance to reaffirm the region's investment commitment to sustainable local sourcing of raw materials used in the battery value chain.

ASX-listed Infinity Lithium has become involved in a Spanish battery consortium led by one of its key strategic partners, EIT InnoEnergy that hopes to snare a whopping €1.2 billion in pandemic recovery funding from the Spanish Government. The company's San Jose lithium project may be in line for a €256 million CAPEX injection if the consortium's application is successful.

Our board moves wrap includes Ken Jagger, Remy Welschinger, Neville Henry, Laurence Roe, Doug Holland, and Hugh Idstein.

Fresh from being awarded an “investigation” permit for its San Jose lithium project in Spain, Infinity Lithium's proposed development of a mining and processing operation at San Jose with an estimated pre-production CAPEX of US$309 million has been given a big vote of support by key strategic investor EIT InnoEnergy.

Perth-based Infinity Lithium Corporation has secured funding from a key European energy institute to develop its San Jose project in Spain.

Infinity Lithium has taken a significant step forward in the development of its massive San Jose lithium project in Spain, with a key local Government body granting the company a “Investigation Permit Ampliación a Valdeflórez”. The permit grants the company legal title over the principal project tenure which has been set aside for its proposed milling and processing operations.

Infinity Lithium has added further weight to the company's technical committee as it charges through its feasibility study over the San Jose lithium project in western Spain. The company has appointed lithium processing specialist, David Maree to the company's technical committee. Mr Maree will work with Executive Director Jon Starink to refine and innovate the process flow sheet as test work continues at Dorfner Anzaplan in Germany.

Infinity Lithium continues to kick goals at its San Jose project in western Spain, with ongoing test work being developed as part of the company's feasibility study, showing improved recoveries of lithium from the front-end of the proposed processing flowsheet. First-stage beneficiation shows a 10 per cent increase in lithium recovery, compared to the previous figures achieved as part of Infinity's earlier pre-feasibility work.

Infinity Lithium has landed a recruitment coup helping advance the company another crucial step in its path towards production by appointing prominent local businessman and former Spanish politician, Mr Cayetano Polo as the company's Head of Institutional Relations in Spain. Mr Polo has a strong background in regional and local government in the Extremadura region, which hosts the company's developing lithium operation.

Our board moves wrap includes PengFei Zhao, ZhaoZhong Wang, Katherine Garvey, Loren King, Hui Guo, Simon Yeo, Russell Kane, Greg Chessell, Anthony Brittain, Craig McGuckin, ZaiQian Zhang, ZhaoYa Wang, Jon Starink, Lisa Dalton, Pennee Osmond, Kevin Hart, Kathrin Gerstmayr, Jamie Myers, Steven Wood, Kate Sainty, and Craig Piercy.

Infinity Lithium continues to bolster its board of directors following the appointment of lithium guru Jon Starink. The well-credentialed Starink comes to the company following stints in both mining consultancy and the finance sector – Starink also brings with him a wealth of experience in the development and operation of hard-rock lithium mining and processing operations.

Our board moves wrap includes Vincent Ledoux-Pedailles, David McArthur, Gregory Channon, Chris Hodge, Joseph Ohayon, and Phillip Hains.

Our board moves wrap includes Mathew Walker, Maciej Rosiewicz, Remy Welschinger, Felipe Benjumea Llorente, Piers Lewis, Simon Yan, and Jonathan Cheng.

Perth's Infinity Lithium has secured staged funding of up to €0.8 million from the European Union-based EIT InnoEnergy to fund phase one of a pilot plant at its San Jose Lithium project in Spain. EIT InnoEnergy is mandated to support the European Battery Alliance of which Infinity is a member, who is seeking to build a competitive and fully integrated battery supply chain in Europe.

Perth's Infinity Lithium has managed to muscle its way into the EU lithium market and was part of a heavyweight team this week that presented to the Vice Presidents of the European Commission and the European Investment Bank. With the EU now on a mission to become self-sustainable in lithium, Infinity's San Jose lithium project is looking good.

Jonathan Whyte has been appointed company secretary of Infinity Lithium Corporation.

Infinity Lithium has managed to tap an innovative, European, public private partnership known as EIT InnoEnergy for at least AUD$1.5m in funding to support stage one of a lithium pilot plant at its San Jose lithium project in Spain. EIT InnoEnergy is the manager of the European Battery Alliance whose stated goal is a competitive and fully integrated battery manufacturing chain in Europe and preventing technological dependence on Asia.

ASX-listed Infinity Lithium has executed a binding agreement to divest its African potash assets and the Perth company is now set to focus 100% on its San Jose industrial lithium project in Spain that is looking to lever burgeoning demand for lithium-ion batteries in Europe. Infinity has a 75% interest in San Jose that, according to its pre-feasibility study, is set to deliver 15,000 tonnes per annum of battery-grade lithium hydroxide.

Infinity Lithium has received strong support for its Spanish lithium project from the EU Commission and has been invited to present its investment case to the European Battery Alliance's recently launched, Business Investment Platform, where funding opportunities will be made available for select projects. The EU is keen to capture some of the forecast €250b lithium market value and said that €20b would be made available for European developments.

Comet Resources has appointed Matthew O'Kane as managing director, and Philippa Leggat will step down as chief executive.

Infinity Lithium has applied for EU funding from the European Battery Alliance's private investment company, InnoEnergy, to support the development of a pilot plant for the production of lithium hydroxide that will then be tested and validated by lithium end-users in Europe. The funds would be utilised by Infinity and its partners to advance a pilot plant at Infinity's San José Spanish lithium project.

Benjamin Donovan has replaced Adam Webb Ware as company secretary of HotCopper Holdings.

Infinity Lithium has received strong support for its Spanish lithium project from the EU Commission's VP in his keynote speech at the European Battery Alliance conference in Belgium. The EU is keen to capture some of the forecast €250b lithium market value and said that €20b would be made available for European lithium project development through the Battery Investment Platform.

Infinity Lithium has completed a $1.5m placement, with two directors cutting their own cheques to help fund a DFS for its San José lithium project, located in western Spain. Back in August, the company delivered an outstanding pre-feasibility study for the integrated lithium project, revealing that the operation will throw up a pre-tax, net present value of USD$860m at an internal rate of return of 42%.

Infinity Lithium has delivered outstanding pre-feasibility study results for its fully integrated San José project in Spain, revealing that the operation will produce a pre-tax net present value of USD$860m and an internal rate of return of 42%. The project has an initial life of mine of 30 years and the company will both mine lithium mineralisation from the operation and process the ores into battery-grade lithium hydroxide products.

Infinity Lithium has hit a milestone with the successful production of lithium hydroxide using recycled reagents, a feat that the company said proves the viability of its processing flowsheet for the San José project in Spain. The company now expects to finalise the capital and operating costs within the next week, which will lead to the completion and release of the project's pre-feasibility study.

Infinity Lithium has reached a significant milestone after successfully recycling and reusing the potassium sulphate used to leach lithium from the micas sourced from its San José project in Spain. The company expects to ultimately achieve a 90% to 100% recycling rate for the reagent, which will minimise the amount of “fresh” sulphate needing to be added during the production cycle.

Infinity Lithium has signed a binding letter of intent to sell its non-core Banio and Mamana potash projects in Gabon to an unnamed buyer for up to USD$3 million in cash or shares. The buyer has a 12-month option to pay the full amount in cash or pay USD$2 million in shares in a public or private entity with a further USD$1 million in shares to be paid on delivery of a JORC-compliant scoping study within three years.

Infinity Lithium's San José project in Spain has been recognised as a potential cornerstone component of the European Battery Alliance's goal of creating an integrated lithium-ion supply chain within the European Union. The EBA will facilitate discussions with other industry participants as part of their “battery mining belt” initiative whilst the European Investment Bank could provide funding to battery raw materials and mining projects.

Infinity Lithium's San José project in Spain could benefit from the EU's recent recognition that access to raw materials has become essential for ensuring the supply of lithium chemicals for its automotive industry. The European Commission has identified 10 potential mining projects that could allow the EU to produce 30% of the world's lithium by 2030 and flagged that more investment in this sector is likely.

Infinity Lithium remains on track to complete the pre-feasibility study for its San José project in Spain during July 2019 with test work demonstrating good lithium leachability and the lithium-bearing solution now undergoing further testing. The company is also working on a revised mining schedule and the potential to recapture a significant amount of water contained in tails for processing.