the company has done another land agreement. ☰MARKETS AND QUOTES...

the company has done another land agreement.

☰MARKETS AND QUOTES IBEX 35 M.CONTINUOUS COMPANIES ECONOMY LIVING PLACE OPINION MOST READIndustryExtremadura New Energies leases 11 hectares, in the area that will host the industrial lithium processing plantThe total cost of the operation is around 700,000 euros.Extremadura New Energies requests the exploitation license for its underground lithium mine in CáceresExtremadura New Energies could produce its first ton of lithium hydroxide by the end of 2026Energies New Energies land plansEnergies New Energies land plansCarmen ApoloCáceres ,03/14/2024 - 11:35Extremadura New Energies has signed a new lease agreement, in this case for 11 hectares, in the area that will host the first lithium processing transformation plant and the collection of inert waste.These lands are located in the vicinity of the Miajadas highway , the location that previous studies and the comments included in the scope document sent a few weeks ago by the Government of Extremadura indicate as most suitable.The total cost of the operation reaches 700,000 euros and has a minimum duration of 35 years , so that the useful life of this industrial project is covered. The land subject to this agreement is within the non-incompatibility area and is located within the Extremadura SE Exploration Permit ("PESE")The CEO of Extremadura New Energies, Ramón Jiménez, has highlighted that the company continues working on the acquisition of the rights to the land through agreements with the owners as a priority option to avoid having to make use of the expropriations provided for in the Law. of Mines.