Infinity Lithium forging closer ties with Spanish transport sector

Infinity Lithium continues to build up local support for its San José lithium project in Spain, reaching a collaboration agreement with a major local association within the transport sector.

Under the agreement between its wholly-owned subsidiary Extremadura New Energies and the Association of Transport Entrepreneurs of Extremadura (Asemtraex) to promote economic development within the freight sector in Cáceres and Extremadura, the two parties will work to create a transport logistics centre in Cáceres.

Asemtraex members will also have priority access to courses at the Battery Academy of the European Battery Alliance.

Extremadura New Energies is working with EIT InnoEnergy to implement training courses of the European Battery Academy and will be a priority partner for the distribution, promotion and delivery of the courses, which cover a range of topics related to technology, business and innovation in the battery and hydrogen sector.

Infinity Lithium (ASX:INF) has reached multiple co-operative agreements with major local business and community groups including Círculo Empresarial Cacereño and training and development programs with LOABRE and CarEX.

This agreement with Asemtraex adds to the expanding network of local organisations and community groups which have formally engaged with the company over the last six months and reflects the growing understanding of what a project such as San José can provide for the local population.

Extremadura New Energies chief executive officer Ramón Jiménez Serrano said the deal was a further step in the company’s search for synergies with local entrepreneurs as one of its main objectives was for its lithium processing plant to become a centre of development and attract other projects that will benefit commerce in the region.

Asemtraex president Miguel Ángel Sánchez Bravo added that his association favoured industrial activities – compliant with applicable legislation – that create business networks, contributed wealth and added value for Cáceres and Extremadura.

“The Extremadura New Energies project will boost both direct and indirect activity in freight and other industrial initiatives, with both parties collaborating to support the creation of a transport logistics centre in Cáceres,” he noted.

Big lithium resource

Infinity’s San José projects hosts the second largest lithium bearing hard-rock resource of 111.2 million tonnes containing more than 1.6Mt of lithium carbonate equivalent in the EU.

The company favours the underground extraction of this resource as it would reduce surface tailings and leave no material visible impact from mining operations.

Test work completed earlier this year has also successfully scaled up production of battery-grade lithium carbonate and lithium hydroxide using materials from the project.

This article was developed in collaboration with Infinity Lithium, 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.