Infinity secures milestone lithium exploration permit over San José
Infinity Lithium has been granted the milestone exploration licence over its San José lithium project in Spain that reinforces stakeholder commitment.
Exploration Permit Extremadura S.E (PESE) covers the project’s resource area and provides absolute reference to right of tenure for an extended area, which includes Investigation Permit Ampliación Valdeflórez (PIAV).
Infinity Lithium (ASX:INF) managing director Ryan Parkin said the award “validates Infinity’s administrative rights to advance San José, and provides the momentum to accelerate towards the next stages of the Project in concert with the Extremadura Lithium Decree Law.”
Wholly-owned subsidiary Extremadura New Energies’ chief executive officer Ramón Jiménez added that the grant of the exploration permit provides clarity on the permitting and administrative process for a fully integrated lithium project in the heart of Cáceres.
“The Regional Government of Extremadura has preempted Europe’s move to accelerate the permitting process through the adoption of the Lithium Decree Law and we will continue to collaborate with major stakeholders to deliver a strategically essential project for Europe, Spain, and the local and regional community,” he added.
Any future submission of an Exploitation Concession Application (ECA) notification will comprise areas contained within PESE and PIAV.
The company added that San José fully complies with the Extremadura Decree Law, which facilitates the accelerated administrative processing of projects and reiterates regional prioritisation and importance of the battery sector.
Earlier this year, Infinity secured a key victory in its goal of progressing the project after the Contentious Administrative Court of Cáceres ratified the correct granting of the permit.
The court also confirmed that the General Urban Development Plan of Cáceres facilitates the use of certain areas within the PIAV where the urban land classification allows “extraction activity” and the industrial development of the proposed lithium hydroxide conversion facility.
San José 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 and seeks to produce 19,500 tonnes per annum of lithium chemicals on site.
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.