Pleased to release a research update this morning for Infinity...

Pleased to release a research update this morning for Infinity Lithium (ASX: INF). The Company is on track to cornerstone the development of a fully integrated lithium ion battery value chain after the recent announcement that it has been granted its Exploration Permit. In addition, Infinity announced yesterday it has received the Government’s response to the Environmental Impact Scoping Document (EIA), which establishes the preliminary conditions for the Project to be compatible with environmental and urbanistic license requirements. The receipt of the EIA exemplifies the Government’s support and commitment to the Project and will help to streamline the mining license application process (that has already commenced). While the lithium sector has certainly cooled off, the supply gap remains - as does the prediction for Europe to experience accelerated EV growth, particularly on the back of the introduction of various new Government subsidies and policies. Infinity’s Project continues to align with these policies, and its relationship with Government continues to strengthen in response to ongoing collaboration. Given the shortage of lithium projects (especially those that are fully integrated), we think Infinity represents great value at this level.If you have any questions or would like to set up a call with Management, please email me at [email protected]