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Infinitum Copper Corp ( (TSE:INFI) ) just unveiled an announcement.
Infinitum Copper Corp. has agreed to sell 80% of its remaining interest in the Hot Breccia copper property in Arizona to Prismo Metals Inc. for C$185,000, with Prismo also assuming all remaining obligations under the underlying option agreement with the property owner. The divestment, which could see Infinitum’s residual 5% interest assigned to Prismo under certain conditions, aligns with Infinitum’s strategy to dispose of non-core assets and redeploy capital toward new acquisitions and exploration opportunities, while strengthening its working capital position as it refocuses on priority copper projects in the Americas.
More about Infinitum Copper Corp
Infinitum Copper Corp. is a Canadian-based junior exploration company focused on advancing near-term copper projects across the Americas. Leveraging an experienced team and strategic advisors, the company follows a disciplined growth strategy centered on the discovery, acquisition and responsible development of scalable copper assets to build long-term shareholder value.
Average Trading Volume: 61,118
Technical Sentiment Signal: Hold
Current Market Cap: C$1.38M
Find detailed analytics on INFI stock on TipRanks’ Stock Analysis page.