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Infinity Lithium Corporation Limited ( (AU:INF) ) has provided an announcement.
Infinity Lithium Corporation Limited has provided an update on its Direct Exploitation Concession Application for the San José mining project. The Regional Government of Extremadura has given feedback which requires Infinity to clarify and expand on certain aspects before public consultation can proceed, potentially delaying the process to late 2025. The company is adjusting its financial models and complying with metallurgical testwork requirements, while seeking solutions to technical challenges. Additionally, Infinity has withdrawn from the PERTE grant programme due to alignment issues and is exploring new funding opportunities more suited to the project’s timeline and goals.
More about Infinity Lithium Corporation Limited
Infinity Lithium Corporation Limited operates in the lithium industry, focusing on the development and exploitation of lithium resources. Its primary products are lithium chemicals, and the company is engaged in significant project development in the San José region through its subsidiary Extremadura New Energies.
YTD Price Performance: 3.33%
Average Trading Volume: 317,409
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$14.34M
For a thorough assessment of INF stock, go to TipRanks’ Stock Analysis page.
