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An announcement from Infini Resources Ltd. ( (AU:I88) ) is now available.
Infini Resources has agreed to acquire two mineral licences immediately south of its Portland Creek Uranium Project in Newfoundland, expanding the project footprint by about 30% to more than 32,000 hectares and lifting the overall area increased since Phase 2 drilling began to 120%. The newly secured tenements, obtained for a mix of cash, shares and a 2% net smelter royalty, cover extensions of key structural corridors and strong radiometric anomalies consistent with known uranium mineralisation, strengthening Infini’s control over an emerging district-scale system as it awaits initial assay results from recent drilling and advances airborne geophysics to refine an expanded 2026 exploration and drilling campaign.
More about Infini Resources Ltd.
Infini Resources Ltd (ASX: I88) is a uranium-focused exploration company with its flagship asset, the Portland Creek Uranium Project in Newfoundland, Canada, where it is targeting a potential district-scale uranium and polymetallic system through systematic drilling, geophysics and strategic ground consolidation.
Average Trading Volume: 969,340
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$26.15M
For detailed information about I88 stock, go to TipRanks’ Stock Analysis page.