Proactive Investors China - The web's leading portal for China stocks - Infinity Lithium confirms favourable revision of San José Lithium Project JV agreement

2021-07-19
by Proactive Australia
Infinity Lithium Corporation Ltd (ASX:INF)(FRA:3PM) has finalised a favourable revision relating to the JV agreement between the company's wholly owned subsidiary, Extremadura Mining S.L and joint venture (JV) partner Valoriza Minera S.A.
Extremdaura Mining will maintain a 75% project ownership interest in the JV entity TEL, the project vehicle that contains the rights to the San José Lithium Project in Spain
The revised agreement provides for the deferral of current payment obligations by Extremadura Mining to Valoriza Mineria and provisions to accelerate the acquisition of the balance of shares in TEL aligned to the resolution of research permit Investigation Permit Valdeflórez (PIV).

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