Infinity Lithium Faces Market and Licensing Challenges

Infinity Lithium Corporation Limited (AU:INF) has released an update.

Infinity Lithium Corporation Limited faces challenges as its Mining Licence Application in Europe remains under review amidst a struggling auto industry and volatile lithium market. The company’s request to extend a government grant was denied, adding uncertainty to its San José project. Lithium prices have plummeted over 80% from their peak, affecting global operations and complicating new project developments.

For further insights into AU:INF stock, check out TipRanks’ Stock Analysis page.