Spanish subsidiary of Infinity Lithium Corporation Ltd, Extremadura New Energies, joins provincial trade association

The collaboration will promote economic development and business initiatives within the lithium-ion battery chain in Cáceres.

The 100% Spanish subsidiary of Infinity Lithium Corporation Ltd (ASX: INF), Extremadura New Energies, has strengthened provincial ties by joining the Círculo Empresarial Cacereño (CEC) as a member organization.

CEC is one of the main business groups in the city of Cáceres, Spain, and represents 3,500 businesses in the province of Cáceres, giving voice to local businesses and promoting growth, opportunity and accessibility for his members.

In addition to access to members, Extremadura New Energies has signed a cooperation agreement describing how it can work with CEC for the benefit of the people of Cáceres.

Adrian Byass, president of Infinity, and Diego Hernández, president of the CEC.

Promote local economic development

The main objective of this agreement is to promote economic development in the general interest of Cáceres by promoting business initiatives within the value chain of lithium-ion batteries.

The groups will also look to any other business and industry initiative that could generate an ideal ecosystem for economic growth.

CEC President Diego Hernández said: “This is an opportunity for the city and for the province. This project generates jobs and wealth, it can also be an opportunity in the future for the retention of talent and a way to fight against depopulation.

Infinity president Adrian Byass was in Cáceres with Extremadura New Energies general manager David Valls to sign the deal.

“We are very happy to work alongside the CEC and its members to really understand how we can best achieve the San José project for the people of Cáceres,” said Byass. “We are humbled by the support and hospitality we have received in Cáceres over the past few weeks.

“We believe this, and other relationships like this that we are forging, will help us as we strive to ensure the city derives maximum benefit from the project.”

Employment and Service Opportunities

Extremadura New Energies and CEC will seek to engage member companies in a series of events that will provide regular project updates, introduce local businesses to Extremadura New Energies, and highlight some of the job and service opportunities that the project will bring to the city.

The two groups will also work together to identify locally relevant skills shortages and collaborate with local training and education institutes to develop future programs or opportunities.

About Infinity Lithium

Infinity Lithium is an Australian listed mining company seeking to develop its 75% owned San José Lithium project in Spain.

The proposed fully integrated industrial project is focused on the production of battery-grade lithium chemicals from mica feedstock which represents the second largest JORC-compliant hard rock lithium deposit in the EU.

The availability of critical raw materials and the production of battery-grade lithium hydroxide in the EU is essential to ensure the long-term production of lithium-ion batteries for electric mobility and the transition of the automotive industry of the EU. EU towards electric vehicles.

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