FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Infinite potential for green lithium processing

18 November 2021
ASX: IMI
Jack Baker

The Perth-based minerals company plans to incorporate Infinity lithium hardrock processing in-house, utilising renewable energies while significantly reducing the processing time of the booming battery metal.  

It is confident the technology will speed up the production of its lithium products through a reduction in process complexity and capital investment and minimising waste and carbon dioxide.  

Infinity said the technology had the potential to open all kinds of new projects.  

“The encouraging first stages of test work have been successful, and the opportunity to implement this novel process has many environmental benefits,” technical advisory committee chairman Jon Starink said.  

“With the potential for a real reduction in capital requirements, there are opportunities to unlock lithium deposits that were previously unviable or not of sufficient scale.”  

Additionally, Infinity said it was delighted at the prospect of providing benefits of technology to both its Spanish project and the global industry.  

“This could be a major opportunity for Infinity to provide an option to improve the economic and environmental profile of San José significantly,” company chief executive and managing director Ryan Parkin said. 

“This enables Infinity to apply its Greentech technology in a new generation of hard rock lithium chemical processing that will provide major benefits applicable to many other hard rock lithium deposits across the world.”  

The company has lodged patent applications through the newly incorporated Lithium GreenTech, which will focus on the technology’s development and commercialisation. 

INF’s Australian Stock Exchange-listed price has risen over 7 per cent today, currently trading at 22c (8:38 am UTC+8 hours) 

COMPANY OVERVIEW

Infinity Mining Limited (IMI) (previously known as Macarthur Lithium Pty Ltd) holds 100% interest in the Australia Pilbara tenements and in return, Macarthur Australia Limited (currently the sole shareholder) will retain equity in IMI, which will create the listing entity. In addition, the Central Goldfields assets of Zanil Pty Ltd will be acquired by IMI for equity.

COMPANY INFORMATION

ASX: IMI

Website

https://infinitymining.com.au/
https://www2.asx.com.au/markets/company/imi

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!