Lithium mineral resource projects must incorporate downstream lithium mineral processing in Extremadura. Pic: izusek / E+ via Getty Images.
Infinity celebrates Spanish government approval of new lithium extraction and processing requirements
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Infinity Lithium has welcomed the official nod from Spain’s Regional Government of Extremadura for its huge lithium extraction and processing plans.
The granting of the concession for the exploitation of lithium resources in Extremadura will be conditional on the project incorporating downstream metallurgical and mineral processing in the region following the approval of a new decree-law this week.
Infinity Lithium’s (ASX:INF) San José project is a fully integrated lithium mineral extraction and processing project which utilises the EU’s second largest hard rock lithium resource, located in the region of Extremadura and is designed in compliance with the decree.
San José project a blueprint
The decree has reinforced lithium as a product of regional interest and integrated lithium operations as regional interest business projects (PREMIA), in effect prioritising permitting, recognition as public utility projects, and access to employment grants.
Infinity is confident that its project will act as a blueprint for other lithium projects in the region.
“San José is a world class and large-scale integrated lithium project built on the foundations of a very significant hard rock lithium resource,” Extremadura New Energies CEO Ramón Jiménez said.
“The progressive vision of the government ensures the feedstock at San José is aligned to the strategic interests of the region through an integrated facility that has become the blueprint for all lithium projects in Extremadura.”
This approval also coincides with the Spanish National Government’s introduction of the Road Map for the sustainable management of mineral raw materials – which aims to move Spain towards strategic autonomy in the consumption of critical raw materials such as lithium, whilst also promoting the industry of strategic and sustainable raw material extraction.
This article was developed in collaboration with Infinity Lithium Corporation Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
