Infinity Lithium Corporation Limited (ASX: INF) provided an update on its Direct Exploitation Concession Application for the San José lithium project in Extremadura, Spain. The Regional Government's Mines Department has requested additional clarifications and updates to the application, delaying the expected public consultation process to late 2025. The company has been given up to nine months to address these requirements.
It includes revisions to the financial model reflecting market changes, adjustments related to Board composition, and repeated metallurgical test work using certified Spanish laboratories. Challenges arise as local facilities lack the capability for advanced lithium chemical testing, requiring collaboration to develop the necessary skills. Infinity remains committed to ensuring transparency and compliance with regulatory standards. By addressing these requests and collaborating with authorities, the company aims to advance the application process while supporting regional development through its world-class lithium project.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
