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Infinity Lithium make a renewable partnership

9 November 2022 11:58
Infinity Lithium's integrated lithium operations.

Stepping up its standing in Extremadura, Infinity Lithium’s wholly owned subsidiary have executed a binding MoU with Enalter to establish a new renewable project, aligned with the company’s Spanish San José lithium project.

It provides San José the potential to take advantage of vast and reduced-cost renewable energy opportunities.

The Enalter energy consortium will partner with subsidiary Extremadura New Energies to assess the local renewable energy project, comprising photovoltaic, methane and green hydrogen to advance energy through industrial development — tied to San José.

Fully integrated, the San José lithium project has the EU’s second largest JORC compliant hard rock resource to be used as its feedstock.

There lies the potential to blend green hydrogen with natural gas as an essential energy source to convert lithium bearing mica into a sustainable battery grade product.

The company said it was a complementary and mutually beneficial opportunity, moving in concert with significant momentum building at San José.

“Partnership with Extremadura’s pre-eminent and progressive company further reinforces the positive momentum and complementary opportunities aligned to San José following the initiation of the permitting process last month,” managing director and chief executive Ryan Parkin said.

The first phase of the agreement will begin studying the feasibility of the renewable project and establish the framework for supply of green energies to San José.

INF’s Australian Stock Exchange-listed share price has risen 5.71 per cent today, currently selling at 22c (11.17 am UTC+ 8 hours).

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