- The lease costs 2.1 million euros for a minimum term of 35 years.
- The project will involve an investment of 500 million euros.
- The plant will produce 100,000 metric tons of lithium carbonate annually.
- The final project will be submitted to the Junta de Extremadura in the last quarter of the year.
Lease Agreement Details
Extremadura New Energies (ENE), a subsidiary of Infinity Lithium, has signed a 35.78-hectare lease agreement for a lithium processing plant in Cáceres, Spain. The lease costs 2.1 million euros and spans a minimum of 35 years, covering the project's useful life. The land is classified as "industrial" and is part of the Extremadura S.E. Exploration Permit, which includes the San José lithium deposit.
Project Scope and Location
The leased land is located near the Miajadas highway, identified as the most suitable location by previous studies and the Junta de Extremadura's scope document. This agreement secures access to over a third of the total area planned for industrial development, situated next to key infrastructures and road access.
Development Timeline
ENE aims to submit the final project to the Junta de Extremadura in the last quarter of the year. This submission will allow the company to request the Operating Permit and initiate the environmental impact study. Technicians are currently incorporating comments from the scope document into the final project, and updated economic studies have been completed.
Investment and Production Capacity
The project will involve an investment of 500 million euros and is expected to create over 1,000 direct and indirect jobs in the region. The industrial plant will have a production capacity of 100,000 metric tons of lithium carbonate per year, making it one of the largest lithium processing plants in Europe.
Strategic Importance
Lithium production is crucial for the energy transition, as it is essential for manufacturing lithium-ion batteries used in electric vehicles, electronic devices, and other applications.
