INF 6.06% 3.1¢ infinity lithium corporation limited

Hi all, local government passing laws to value add lithium from...

  1. 383 Posts.
    lightbulb Created with Sketch. 38
    Hi all,

    local government passing laws to value add lithium from the region. Which of course infinity already plans to do.

    https://www.hoy.es/extremadura/junta-aprueba-decreto-20220831134812-nt.htmlThe regional Executive is shaping the commitment expressed by Guillermo Fernández Vara, who in the Debate on the State of the region last July advanced that the Board regulate by law that the lithium that is extracted in the region must be transformed in
    Extremadura. This morning a decree-law has just been approved that, according to the Minister for the Ecological Transition, Olga García, is an "ambitious approach, presided over by common sense and that perfectly combines with the constitutional parameters." That is, it has legal protection.
    Through this new standard, the use of lithium in Extremadura is declared of general interest, included in the list of essential raw materials for the European Union in 2020, recalls García. This implies, in a practical way, that when the Autonomous Administration, which is competent in this matter, grants the lithium exploitation concession permit "it will be linked and conditioned to the fulfillment of the obligation that the metallurgical and minerallurgical treatment and benefit of the resources of this mineral are necessarily made" in Extremadura.

    This type of benefit is understood, said the Minister for the Ecological Transition, "the set of activities necessary to obtain lithium hydroxide, or a similar useful lithium compound, one of its main applications being, among others, the manufacture of batteries ».

    Currently no lithium mining permit has been granted in Extremadura. there are 14 research permits in process. Six have been granted -one of them, Valdeflórez de Cáceres, a second permit because the first one requested by the company was rejected by the Board-. Another seven have been requested and have not been resolved and one of them has been requested concession, in this hand, that of the Cañaveral mine
 
watchlist Created with Sketch. Add INF (ASX) to my watchlist
(20min delay)
Last
3.1¢
Change
-0.002(6.06%)
Mkt cap ! $14.34M
Open High Low Value Volume
3.4¢ 3.5¢ 3.1¢ $5.624K 168.6K

Buyers (Bids)

No. Vol. Price($)
2 10043 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 50000 1
View Market Depth
Last trade - 14.12pm 01/11/2024 (20 minute delay) ?
INF (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.