ASX-listed Infinity Lithium Corporation's wholly owned Spanish subsidiary, Extremadura New Energies has reinforced its provincial links by becoming a member of the Círculo Empresarial Cacereño or “CEC”. The company says the move will allow it to gain a comprehensive understanding on how to deliver its San José lithium Project to the people of Cáceres in western Spain.
In addition to membership, Extremadura New Energies has signed a cooperative agreement with the CEC defining how it will collaborate with the group for the benefit of Cáceres residents.
The CEC is one of the most influential business organisations in Cáceres, Spain and represents 3,500 firms in the province. The group operates as an advocate for local businesses and aims to support growth, opportunity, and accessibility for its members.
According to Infinity Lithium, the key goal of the agreement is to foster economic growth in Cáceres by promoting business initiatives within the lithium-ion battery value chain.
Extremadura New Energies and the CEC plan to run series of events that will offer frequent project updates, expose local companies to Extremadura New Energies and showcase some of the employment services the San José lithium project could offer the township.
The duo will also work to identify local skill shortages and construct future programs in collaboration with local training and education institutions to help meet the demand.
Infinity’s planned San José Lithium project is a fully integrated industrial venture centred on the manufacturing of battery grade lithium compounds from a mica feedstock and houses one of Europe's largest JORC compliant hard rock lithium deposits.
San José boasts a mammoth 111 million tonne resource going 0.61 per cent lithium oxide.
The project was initially put on hold last year over concerns it was too close to the Cáceres township and the decision to join the CEC could deliver a platform for the company to showcase the projects benefits to the local community as it looks to get things moving again.
Spain is one of the leading automakers in the European Union, producing approximately 2.3 million automobiles last year. Electric car registration is also on the rise, with numbers in the European Union currently surpassing those of the once-dominant diesel combustion engines. Given the country’s adoption of electric vehicles Infinity’s decision to join the CEC and work with locals at the grassroots level to get its project back on track could prove an astute move for the aspiring lithium producer.
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By Matt Birney
