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Infini Resources Ltd. ( (AU:I88) ) has provided an update.
Infini Resources Ltd has announced a successful capital raising of A$3 million through the issuance of flow-through shares at a 52.8% premium, aimed at funding the Phase 2 drilling program at its Portland Creek Uranium Project in Newfoundland, Canada. This move reflects strong investor confidence and positions Infini to potentially make a significant uranium discovery, enhancing its standing in the clean energy-focused critical minerals sector.
More about Infini Resources Ltd.
Infini Resources Ltd is a company operating in the mining industry, focusing primarily on the exploration and development of uranium resources. The company is actively engaged in projects that aim to discover and harness critical minerals, with a significant market focus on clean energy solutions.
Average Trading Volume: 223,636
Technical Sentiment Signal: Sell
For detailed information about I88 stock, go to TipRanks’ Stock Analysis page.