Infinity Joining Spanish eMobility Group AEDIVE&Update of European Commission Initiatives

ID: 1548524
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Infinity joins forces with Spanish eMobility group AEDIVE in a continued drive towards European and Spanish initiatives.

The European Commission has published its 4th State of the Energy Union Report with a keen focus on the lithium-ion battery industry.

Battery materials and specifically lithium chemical supply within Europe has been identified as imperative.

Infinity?s San Jose Lithium Project is a large, potentially long-life vertically integrated industrial chemicals project.

Infinity Joins Forces with Spanish Electric Mobility Business Association AEDIVE

Infinity Lithium (http://www.commodity-tv.net/c/search_adv/?v=298809) has joined forces with AEDIVE to support the development of Electric Mobility in Spain. in of the Electric Mobility sector.

One of the key goals of the cluster is to represent and promote its associate members and advocate for an economic, political and social support of Electric Mobility.

The association includes around 150 members including companies such as BMW, Jaguar Land Rover, Nissan, Mercedes, and Total.

European Commission Publishes 4th State of the Energy Union Report

The European Commission (?EC?, or ?the Commission?) published the fourth State of the Energy Union report on 9 April 2019, important mechanism that highlights and monitors the implementation of the Juncker Commission?s key energy priorities.

The EC readily acknowledges the strategic imperative of the lithium-ion battery (?LIB?) market within Europe that will be required to drive the ongoing clean energy and mobility transitions.l batteries market, and becomes dependent on imports of battery cells and raw materials used in the supply chain.?

Furthermore, the EC has identified that LIBs strategic importance ?where the EU must step up investment and innovation in the context of a strengthened industrial policy strategy aimed at building a globally integrated, sustainable and competitive industrial base.?



This dependency is not only limited to LIB cell production.

The EC now proposes the launch a dialogue with Member States through the Raw Materials Supply Group and the High-Level Steering Group of the European Innovation Partnership on Raw Materials (EIP Raw Materials).

On the domestic front, the Commission has launched a dialogue with EU Member States to map the availability in Europe of raw materials for batteries, including cobalt, lithium, natural graphite and nickel. ntries outside Europe for processing into battery-grade materials.

The 4th State Energy Union Report the Commission is working with the European Investment Bank (EIB), key industrial actors and Member States to address this gap in the value chain. The Vice President of the EC Maro? ?ef?ovi? and Vice President of the EIB Andrew A. McDowell both acknowledged the importance of Europe?s strategic position in the LIB supply chain, promoting the sector and the EIB?s commitment to provide capital to facilitate growth EV market and European value chain participants at EBA250 in Brussels (refer to ASX announcement 1 February 2019).

Infinity?s San Jose Lithium Project contains the European Union?s (?EU?) second largest JORC lithium resource and is projected to produce up to 15,000 tonnes per annum of battery grade lithium chemicals for more than 24 years (ASX announcement 29 November 2018), placing it ideally to supply battery grade chemicals into the European market. San Jose is currently undergoing a Pre-Feasibility level study.

Infinity?s CEO and Managing Director, Ryan Parkin commented ?This is another example of the rapidly evolving recognition of the importance of battery chemicals within Europe, and the momentum gathering within the EU to address a significant risk to their burgeoning auto industry. of product with an environmentally advantageous carbon footprint.?

About Infinity Lithium

Infinity Lithium is an Australian listed minerals company who is seeking to develop its 75% owned San Jose Lithium Project and produce battery grade lithium hydroxide.

The San Jose deposit is a highly advanced, previously mined brownfields development opportunity representing one of Europe?s largest lithium deposits.

Disclaimer

Forward-looking statements are statements that are not historical facts. Words such as ?expect(s)?, ?feel(s)?, ?believe(s)?, ?will?, ?may?, ?anticipate(s)? and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company?s prospects, properties and business strategy.occurrence of or non-occurrence of any events.

The Production Target referred to in this announcement is based on 91% Indicated Resources and 9% Inferred Resources for the life of mine life covered under the Study.

The Study is based on the material assumptions outlined in the ASX announcement 29 November 2018.

Infinity is not aware of any new information or data that materially affects the information included in this ASX release, and Infinity confirms that, to the best of its knowledge, all material assumptions and technical parameters underpinning the resource estimates in this release continue to apply and have not materially changed.

Competent Persons Statement

Production Target and Scoping Study: The information in this report that relates to Exploration Results is based on the information compiled or reviewed by Mr Adrian Byass, B.Sc Hons (Geol), B.Econ, FSEG, MAIG and an employee of Infinity. Mr Byass has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves.



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Date: 04/15/2019 - 01:10
Language: English
News-ID 1548524
Character count: 7599
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