Infinity Lithium Corporation Ltd (ASX:INF) has recently engaged with newly elected local Cáceres and Extremadura regional political leaders, welcoming the interest in the advancement of the San José Lithium Project, which INF says is of significant interest for social and economic stakeholders.
The company says the meetings served to emphasise and reinforce continued collaboration on the project’s development, following the announcement of a regional coalition of the Partido Popular (PP) and Vox.
The newly formed Regional Government of Extremadura parties highlighted the critical importance and commitment to resource and industrial projects in the region within their agreement.
Extremadura New Energies CEO Ramón Jiménez said: “The formation of government sets in motion the framework for the relevant mine and environmental departments and we will continue to collaborate to advance the submission of our Exploitation Concession Application later this year.
“The opportunity to expand the potential for San José and deliver an economically, environmentally and socially tier one project is in line with local and regional strategies under the new governments.”
Proactive and dynamically aligned government
“We welcome the announcement of the coalition in Extremadura and the finalisation of a new, proactive and dynamically aligned local and regional government,” Infinity Lithium CEO and managing director Ryan Parkin said.
“The agreement between the parties in Extremadura has once again highlighted the critical importance of San José for the local community, and Europe, against the backdrop of increasing requirements for volumes of battery-grade lithium chemicals to meet targets set under the Critical Raw Materials Act.
“It is clear San José’s potential to provide meaningful and long-term supply can align generation opportunities for the local community and greater Extremadura region.
“We are looking forward to the next steps of collaboration with local and regional stakeholders as the company moves forward to align in-country institutional interest in the project.”
INF’s executive management also attended the 15th Lithium Supply and Battery Raw Materials 2023 in Las Vegas, where they received “significant interest from potential strategic partners following meetings with corporate advisors and industrial companies in Spain”.
The company is now assessing the merits of a dual listing on the largest and most international of Spain's four regional stock exchanges, the Bolsa de Madrid, and will update the market once INF has appointed corporate advisors to assist in the process.