Infinity Lithium steps closer to European funding for mine

摘要

London—Developer Infinity Lithium has received approval to potentially draw funds from the European Battery Alliance for the build-out of its lithium mine in Spain. The funds would come from InnoEnergy, a group that is driving investment in the European lithium supply chain and allocates money on behalf of the EBA. This is the first step toward possibly releasing funds to the company. Infinity is developing a mine and processing plant in San José, Spain, that will help feed European automakers’ lithium requirements for electric vehicles.