I88 - Infini Resources

[System]

Infini Resources Limited (I88) is a mineral and exploration company committed to increasing shareholder wealth through the acquisition, exploration and development of lithium and uranium mineral resource projects throughout Australia and Canada.

The Company has acquired, or is in the process of acquiring, a total of eight exploration projects across well endorsed mineral districts in Canada and Australia which are considered highly prospective for lithium or uranium. These being the Pegasus Lithium Project, Parna Lithium Project and Yeelirrie Project located in Western Australia; the Des Herbiers Project and Valor Project located in Québec, Canada; the Tinco Project located in Saskatchewan, Canada; the Portland Creek Uranium Project located in Newfoundland and Labrador, Canada; and the Paterson Lake Project located in Ontario, Canada.

It is anticipated that I88 will list on the ASX during January 2024.

Infini Resources – Value-Centric Lithium and Uranium Exploration

 

[Dona Ferentes]

Listing date	16 January 2024 ; 1:00 PM AEDT ##
Company contact	https://www.infiniresources.com.au/ Ph: (08) 9465 1051
Principal Activities	Exploration and mining
Issue Price	AUD0.20
Issue Type	Ordinary Fully Paid Shares
Security code	I88
Capital to be Raised	$5,500,000
Expected offer close date	22 December 2023
Underwriter	Not underwritten. Sixty Two Capital Pty Ltd (Lead Manager).

 

[Dona Ferentes]

lithium + uranium = ?

since listing .& ... fieldwork about to start

 

[finicky]

Insider buying last week.

Not Held

Infini Resources is a lithium and uranium explorer with five prospective projects located in Canada and three in Australia. The $36 million market cap company has logged two sizeable buys from Chief Executive Charles Armstrong ($53,523) and Executive Director David Pevcic ($51,025) in the past week.

Infini shares are up more than 500% in the past month after announcing two groundbreaking uranium soil grades at its Portland Creek project in Canada.

• 1 July: Stunning High Grade Uranium Soil Results at Portland Creek
• 10 July: Soil Grades up to 74,997 ppm U3O8 (7.5%) at Portland Creek

DAILY