Infinity Metals (ASX:INF) holds a 75 per cent stake in the San Jose lithium project in Spain’s Extremadura region, and the company’s own reporting says the Mining licence application is still under technical review. The company has broadened into Australian gold, silver, copper and tin-lithium exploration, but the Spanish permit remains the item the company itself highlights as pending.

A rename and a wider portfolio

The company was called Infinity Lithium Corporation Limited until 11 August 2025, when it became Infinity Metals Limited. company updates reports that the name change reflected a broader, multi-commodity focus. The ASX Code has remained INF. Before 2018 it traded as Plymouth Minerals.

Besides San Jose, its March 2026 Quarterly Report describes a recently granted tin-lithium exploration licence at Yambacoona in New South Wales, where the company was negotiating landholder access for shallow aircore drilling, and follow-up fieldwork at the Cobungra and Bindi gold-silver-copper projects in Victoria.

Spain: where permitting stands

The company said it submitted extensive documentation for its exploitation concession and mining licence application for San Jose in September 2025. Regional elections in Extremadura followed in December 2025. A new regional government was completed in mid-April 2026, with ministerial appointments still being made, and a new coalition government was formed in Spain on 16 April 2026. According to the company, authorities confirmed the application remained under technical review.

Cash and funding

At 31 March 2026 the company reported cash of A$1.85 million.

Company information sources records director activity in August 2026, including Adrian Byass buying 4 million shares at A$0.007 and directors taking shares under a Placement at A$0.007 and A$0.01 per share.

Sector context

Lithium markets have been volatile, which company updates notes has weighed on sentiment towards developers, while gold exploration has attracted speculative interest. Those are general observations from that publication, not company statements.

Company-specific risks

Spanish permitting depends on government processes and timing outside the company’s control.

San Jose is a development-stage asset, and Infinity holds 75 per cent, not the whole project.

Exploration in Australia is early-stage, with no resource reported in the material reviewed.

Funding needs are recurring, and share issues can dilute existing holders.

A quarterly cash figure for June 2026 was not obtained.

Upcoming milestones

The company has not, in the material reviewed, given dates for a Spanish licence decision. The next quarterly Cash Flow report would be the natural update point.