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The latest update is out from Infini Resources Ltd. ( (AU:I88) ).
Infini Resources has completed the acquisition of two mineral licences directly south of its Portland Creek Uranium Project, expanding the project’s footprint by about 7,700 hectares and lifting its total land position in Newfoundland to more than 32,000 hectares. The transaction, now fully settled, gives Infini 100% ownership of the licences via its Canadian subsidiary in exchange for A$50,000 in cash, 1,464,435 shares under a 12‑month escrow, and a 2% net smelter return royalty to the vendor, further consolidating what the company positions as a potential district-scale uranium system supported by verified high-grade anomalies and extensive prospective ground.
More about Infini Resources Ltd.
Infini Resources Ltd is an Australian-listed exploration company focused on uranium, with its flagship Portland Creek Uranium Project in Newfoundland, Canada. The project covers 328 km² within the Precambrian Long-Range Complex and targets a large regional uranium anomaly defined by historic and recent geochemical and geophysical data, including high-grade uranium in soils, radon anomalies, and radiometric surveys along a major fault structure.
Average Trading Volume: 462,537
Technical Sentiment Signal: Sell
Current Market Cap: A$31.49M
See more insights into I88 stock on TipRanks’ Stock Analysis page.