Infinity Mining Completes Loyalty Option Offer, Strengthens Financial Position

Infinity Mining Limited ( (AU:IMI) ) just unveiled an announcement.

Infinity Mining Limited recently concluded its Loyalty Option Offer, raising $91,439.02 from eligible shareholders and an additional $190,571.50 from underwriter CPS Capital Group Pty Ltd and sub-underwriter St Barnabas Investments Pty Ltd. The New Options are set to be issued on 15 May 2025, with anticipated quotation on the ASX under the code ‘IMIO’ starting 19 May 2025, pending satisfaction of ASX requirements. This move is expected to enhance Infinity’s financial standing and support its strategic projects.

More about Infinity Mining Limited

Infinity Mining Limited holds a diverse portfolio of projects over 3,700 km² in highly prospective regions, including NSW’s Macquarie Arc, Victoria’s Melbourne Zone, and the East Pilbara and Central Goldfields in Western Australia. The company focuses on high-grade resources like copper, gold, and lithium, with its flagship Cangai Copper Project offering near-term development potential.

Average Trading Volume: 533,647

Technical Sentiment Signal: Sell

Current Market Cap: A$3.81M

For a thorough assessment of IMI stock, go to TipRanks’ Stock Analysis page.