Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Infini Resources Ltd. ( (AU:I88) ) has shared an announcement.
Infini Resources has completed Phase 2 diamond drilling at its flagship Portland Creek Uranium Project in Newfoundland, where visible uranium and elevated uranium readings across multiple targets support the interpretation of a multi-kilometre, structurally controlled uranium system with potential polymetallic signatures. During the quarter, the company more than doubled the Portland Creek project footprint, confirmed high‑grade surface uranium mineralisation at its Reitenbach Lake project in Saskatchewan, strengthened its board with a new non-executive director, and secured A$12m in new funding, leaving A$11.9m in cash to support an expanded 2026 exploration campaign that positions Infini as an increasingly significant uranium explorer in Canada.
More about Infini Resources Ltd.
Infini Resources Ltd is an ASX-listed uranium exploration company focused on developing a portfolio of Canadian uranium assets, including its flagship Portland Creek Uranium Project in Newfoundland and the Reynolds Lake and Reitenbach Lake projects in Saskatchewan’s Athabasca region. The company targets structurally controlled, high-grade uranium systems and is currently in an exploration and growth phase, backed by recent capital raisings to fund drilling and field programs across its Canadian portfolio.
Average Trading Volume: 506,039
Technical Sentiment Signal: Sell
Current Market Cap: A$28.29M
For an in-depth examination of I88 stock, go to TipRanks’ Overview page.