An announcement from Evergreen Lithium Ltd. ( (AU:EG1) ) is now available.
Infinity Mining Limited has entered into a binding Share Sale Agreement with U Resource Pty Ltd and Evergreen Lithium Limited to transfer its interest in the Leonora Goldfields Project. This strategic move allows Infinity to focus on its core projects while maintaining a stake in the future development of Leonora through a shareholding in Evergreen Lithium. The transaction provides Infinity with additional funding to advance its core projects, aligning with its strategy to maximize shareholder returns by unlocking value from non-core assets. The leadership team at Evergreen Lithium, including experienced figures from De Grey Mining and Auric Mining, is expected to drive the project’s progress, benefiting Infinity and its shareholders through potential long-term growth.
More about Evergreen Lithium Ltd.
Infinity Mining Limited is a diversified mining company with a portfolio spanning over 3,700 km² across regions in New South Wales, Victoria, and Western Australia. The company focuses on high-grade resources such as copper, gold, and base metals, with a particular emphasis on lithium. Their flagship project, the Cangai Copper Project, holds significant development potential and is strategically located near established mining operations.
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Technical Sentiment Signal: Buy
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