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Infinitum Copper Corp ( (TSE:INFI) ) has issued an update.
Infinitum Copper Corp. reported that shareholders strongly approved all matters at its annual general and special meeting, including setting the board at four directors, electing the incumbent slate, reappointing De Visser Gray LLP as auditor, and ratifying the company’s equity incentive plan. Crucially, shareholders also endorsed the sale of all shares of its EMSA subsidiary to Kenadyr Metals Corp., a transaction that includes cash and share consideration, potential additional Kenadyr shares tied to future financings, and constitutes a sale of the majority of Infinitum’s assets. This deal moves Infinitum closer to closing the EMSA divestiture, subject to TSX Venture Exchange approval and other closing conditions, and may see the company reclassified to the NEX board if it no longer meets standard listing requirements, signaling a significant strategic shift in its asset base and market positioning.
More about Infinitum Copper Corp
Infinitum Copper Corp. is a Vancouver-based mineral exploration company focused on copper assets and related resource projects, listed on the TSX Venture Exchange. Its portfolio has included key assets held through subsidiaries such as Exploraciones Margarita S.A. de C.V. (EMSA), and it operates within the junior mining and exploration segment of the metals and mining industry.
Average Trading Volume: 56,389
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$922.4K
See more data about INFI stock on TipRanks’ Stock Analysis page.