Infinity Lithium has listed on the Frankfurt and Stuttgart stock exchanges in Germany as it continues to progress the feasibility study for a fully integrated mining operation and lithium carbonate processing facility at its San Jose project in western Spain.
The company will trade under the symbol 3PM and the listings are expected to increase its exposure to European investors, which will provide the company with access to larger pools of capital.
Infinity is also ramping up its European presence with the appointment of Vincent Ledoux-Pedailles as its Vice President of European Corporate Strategy and Business Development.
Mr Ledoux-Pedailles previously led the lithium and battery materials research team at London based global data and information service group IHS Markit.
His lithium industry experience began with Talison Lithium in Perth, Australia, and since then he has held positions that involved monitoring various metals and industrial minerals markets at international metals and minerals research and consulting company Roskill.
Europe has been taking steps to meet its growing demand for battery grade lithium chemicals.
In July, China’s Contemporary Amperex Technology Limited announced a €240 million investment in a German based factory and a €4 billion deal to supply battery cells to BMW.
Infinity believes that San Jose has the ability to de-risk the European supply chain by providing a domestic source of lithium.
The project has a current mineral resource estimate of 111.3 million tonnes grading 0.61% lithium oxide.
This is contained within lithium-bearing micas that the company plans to process on site into lithium carbonate or possibly lithium hydroxide.
San Jose’s sublime proximity to an existing gas line will play the key differentiating role in this development, providing Infinity with an affordable source of energy for processing the lithium.
The company is currently progressing a scoping study into the potential to produce either lithium hydroxide or lithium sulphate instead of lithium carbonate.
Once this is completed in the current quarter, lithium enthusiasts should not have too much longer to wait before finding out more about the project’s economics.
By Matt Birney
