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Infini Resources Ltd. ( (AU:I88) ) has issued an update.
Infini Resources Ltd successfully raised approximately AUD$3.39 million through a placement of flow-through shares at a 27.8% premium to their last close price, which will fund ongoing exploration at their Portland Creek Uranium Project in Canada. The funds will facilitate aggressive exploration activities, including diamond drilling and fieldwork, enhancing the company’s potential for uranium discoveries and strengthening shareholder confidence in Infini’s strategic direction.
More about Infini Resources Ltd.
Infini Resources Ltd is a company operating within the mining and resources sector, primarily focused on uranium exploration. The company’s main project is the Portland Creek Uranium Project located in Newfoundland, Canada, where it seeks to advance exploration activities and potential uranium discoveries.
YTD Price Performance: 19.09%
Average Trading Volume: 116,233
Technical Sentiment Consensus Rating: Strong Sell
For an in-depth examination of I88 stock, go to TipRanks’ Stock Analysis page.
