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Infini Resources Ltd. ( (AU:I88) ) just unveiled an update.
Infini Resources Ltd has successfully raised A$12 million through a combination of a Flow Through Share placement and a placement to professional and sophisticated investors. The funds will be used to expand drilling programs at its uranium projects in Newfoundland and the Athabasca region, positioning the company to advance its exploration strategy and potentially unlock new discovery opportunities. This capital raise, completed at a 34% premium, underscores investor confidence in Infini’s uranium portfolio and the growing interest in clean energy investments.
More about Infini Resources Ltd.
Infini Resources Ltd is a company operating in the mining industry, focusing on uranium exploration. The company is engaged in exploration programs at Portland Creek, Reynolds Lake, and Reitenbach Lake Uranium Projects, with a market focus on clean energy-focused critical minerals.
Average Trading Volume: 754,903
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$50.32M
For detailed information about I88 stock, go to TipRanks’ Stock Analysis page.