Infinity Lithium to advance San José Project on several fronts in parallel to appeal process

Infinity Lithium Corporation Ltd (ASX:INF) (FRA:3PM) has received notification that the Investigation Permit Valdeflorez (PIV) application has been cancelled at the San José Lithium Project in Spain. Following legal advice, the company has lodged an appeal against this decision. Validity of the decision disputed The San José Lithium Project consists of both the PIV application and the adjoining granted Investigation Permit Ampliacion Valdeflorez (PIAV), which remains in good standing. In respect to the decision by the regional government (Junta), Infinity has strongly disputed the validity of the decision to cancel the PIV application. Infinity CEO Ryan Parkin said: “The joint venture partners strongly dispute the decision and are pursuing all options to reinstate the investigation permit. "The company, in unison with our joint venture partners, are reserving all rights relating to the cancellation of the PIV and those relating to the original call for tender and subsequent award resolution, in which the regional government process was predicated on the non-existence of insurmountable legal obstacles. “Furthermore, the Junta’s administrative fault in the original application process led to the 2019 decision to revert the PIV into application, facilitating the pathway to this most recent decision. “The Company will work with all stakeholders and aims to seek a constructive and positive resolution whether through the PIV or successive rights held by the joint venture partners.” Stakeholder support Infinity continues to be in consultation with major stakeholders including joint venture partners Valoriza Mineria SLU and European Battery Alliance (EBA) aligned EIT InnoEnergy. The company and Valoriza Mineria worked in concert and jointly approved the appeal document. Infinity and major stakeholders recognise the critical importance of San José and the requirement to resolve administrative deficiencies that have potentially wide-ranging implications for Spain. Continuing work In parallel to the appeal process and other legal actions Infinity continues to advance San José on several fronts, and will therefore look to establish strategic partnerships with parties seeking to establish or extend a position within the lithium-ion battery value chain in Europe. Infinity will also prioritise engagements with local and regional companies that can potentially assist in the progression of the permitting process and project development. Discussions with industrial groups and parties participating in the battery supply chain are ongoing, both in terms of interest in exposure to San José and offtake rights.