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Infini Resources Ltd. ( (AU:I88) ) has provided an update.
Infini Resources Ltd has announced the acquisition of the Reynolds and Boulding Lake Uranium Projects in the Athabasca Basin, Canada, enhancing its position as a major player in uranium exploration. This strategic move aligns with Infini’s vision to address global energy needs by securing high-potential uranium projects. The acquisition includes a total landholding of 931 km², with plans for geophysical surveys to identify exploration targets. This development is expected to strengthen Infini’s exploration strategy and potentially deliver substantial long-term value for shareholders.
More about Infini Resources Ltd.
Infini Resources Ltd is an energy minerals-focused exploration company listed on the ASX. It is actively involved in uranium exploration, with a focus on building a diversified portfolio of uranium targets. The company is advancing its flagship Portland Creek Uranium Project and is expanding its footprint in the Athabasca Basin, a region known for high-grade uranium deposits.
YTD Price Performance: -18.18%
Average Trading Volume: 187,580
Technical Sentiment Consensus Rating: Strong Buy
See more insights into I88 stock on TipRanks’ Stock Analysis page.