Infinity Lithium jumps after receiving lithium decree approval

Infinity Metals

02/09/2022 02:41

** Shares of Australia-based Infinity Lithium  INF.AX  rise
as much as 9.1% to A$0.18, highest since May 2
    ** The minerals company's shares jumps after regional
government of Extremadura approves lithium decree  urn:newsml:reuters.com:*:nASXc1TXNl
    ** Co says the San Jose Lithium project is a fully
integrated lithium mineral extraction and processing project
designed in compliance with the decree-law articles 
    ** Progressive vision of the government ensures the
feedstock at San José is aligned to the strategic interests of
the region through an integrated facility that has become the
blueprint for all lithium projects in Extremadura - Co
    ** Stock has risen 18.8% so far this week
    ** Stock posts its biggest intraday pct gain since Aug 26
    ** About 4.4 mln shares change hands, vs the 30-day average
volume of 624,210 shares
    ** Stock has fallen 10.8% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))