Man, calm down. He is saying that he predicts a change in ownership but that he says that it doesn't matter and that the permit will not be granted.
I think Infinity is probably trying to sell the project, that is what I interpret from all this.
About other Lithium projects in the EU. The EU is projecting a demand of 150kt of LCE by 2025 (from which Infinity was 15kt or 10% of the total). Infinity's project had one of the highest measured reserves in Europe, but you need to understand that this is mainly because there has not yet been enough exploration in the other projects, it is just starting. This is a table I made with the main projects in the EU as per today, some info might not be 100% updated but I think it is a good reference.
| Company | Project | Reserves (MT) | Resources (MT) |
| Production (MT) |
| Demand 2025 |
|
|
|
| Measured | Indicated | Inferred | Total | Current | Planned | Date |
|
|
| Europe |
|
| 3.860.000 | 10.670.000 | 23.670.000 | 28.920.000 | 67.120.000 | 0 | 106.112 |
| 150.000 | 71% |
| Portugal | Savannah Resources | Mina do Barroso | 6.600.000 | 8.400.000 | 12.000.000 | 27.000.000 | 0 | 29.000 |
|
|
|
| Spain | Infinity Lithium | San José | 1.600.000 |
|
|
| 1.600.000 | 0 | 15.000 | 2025 |
|
|
| Germany | Vulcan |
| 1.120.000 |
| 3.610.000 | 12.240.000 | 16.970.000 | 0 | 40.000 | 2025 |
|
|
| Finland | Keliber |
| 1.140.000 | 1.210.000 | 8.260.000 |
| 10.610.000 | 0 | 12.112 |
|
|
|
| Austria | European Lithium | Wolfsberg |
| 2.860.000 | 3.400.000 | 4.680.000 | 10.940.000 | 0 | 10.000 | 2021 |
|
|
As you can see the potential reserves is quite high even if they are not yet categorized as reserves, the main bottleneck is production. Note that there are other resources that are not yet part of the project so are not listed here. There is also a small project already producing in Portugal but I could not find the specific information.
Just a final note, guys I am sorry to be the bearer of bad news but come on, don't kill the messenger... I don't gain anything out of this, I held Infinity shares and I was also excited about this project, I sold a couple weeks ago at a small loss. I am just trying to share the information with you, I thought this was the point of this forum.
Anyways, it could be that I am just all wrong and they find a solution, good luck to all.
