Infinity Lithium Advances Mining Licence Amid Strategic Funding Shift

An announcement from Infinity Lithium Corporation Limited ( (AU:INF) ) is now available.

Infinity Lithium Corporation continued its Mining Licence Application process, receiving feedback from regional government authorities and clarifying timelines and deliverables necessary for public consultation. The company opted to withdraw from the PERTE grant programme to pursue more suitable European, National, and Regional funding, while reducing its Australian Board and Management to cut costs and emphasize Spanish oversight in the license application process. As of December 31, 2024, the company held A$12.4 million in cash, including restricted PERTE grant funds.

More about Infinity Lithium Corporation Limited

Infinity Lithium Corporation Limited operates in the mining industry, focusing on lithium extraction and production. The company is primarily engaged in developing lithium projects which are crucial for the growing battery and energy storage markets.

YTD Price Performance: 0%

Average Trading Volume: 319,423

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$12.95M

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