Infini Raises AUD$3.4M via Flow-Through Shares at 27.8% Premium for Portland Creek

Capital Raise Highlights Investor Confidence

Infini Resources Ltd (ASX: I88) has announced a successful capital raise of approximately AUD$3.4 million through the issuance of flow-through shares, a financing mechanism that leverages Canadian tax incentives to attract investment. The shares were placed at AUD$0.837 each, representing a notable 27.8% premium to the company's last closing price, underscoring strong market confidence in Infini's strategy and prospects.

The placement attracted firm commitments from both new and existing institutional and sophisticated investors, signaling robust support for Infini’s exploration ambitions in the uranium sector. Bell Potter Securities Limited acted as Lead Manager and Bookrunner, facilitating the transaction alongside Canadian flow-through share dealer PearTree Securities Inc.

Strategic Use of Flow-Through Shares to Limit Dilution

Flow-through shares are a unique financing tool under Canadian tax law that allow companies to pass on exploration expenditure tax deductions to investors. This structure not only incentivizes investment but also enables Infini to raise capital while minimizing dilution of existing shareholders’ equity. The shares will be issued under the company’s existing placement capacity, with settlement expected mid-February 2025.

Following the placement, PearTree will facilitate a secondary block trade at a lower price, but the initial investors benefit from the tax advantages, which are not transferable. This layered approach balances capital raising efficiency with investor incentives.

Advancing the Portland Creek Uranium Project

The funds raised are earmarked to underpin aggressive exploration activities at the Portland Creek Uranium Project in Newfoundland, Canada, a jurisdiction noted for its mining-friendly regulatory environment. Infini plans to commence its maiden diamond drilling campaign targeting the Talus prospect, alongside follow-up fieldwork to investigate additional magnetic, radiometric, and soil anomalies identified through recent geophysical surveys.

Managing Director Charles Armstrong highlighted the significance of this milestone, emphasizing the company’s momentum following its initial soil sampling program earlier in 2024. The expanded data set has generated multiple drill targets, positioning Portland Creek as a promising uranium discovery opportunity within a tier 1 jurisdiction.

Broader Implications for Infini’s Growth Strategy

This capital raise aligns with Infini’s broader mission to grow shareholder value through exploration and development of energy metals projects in Canada and Australia. The company’s portfolio includes uranium and lithium assets, with Portland Creek representing a key focus for near-term resource advancement.

Investors will be watching closely as drilling results emerge, which could validate the geological potential and catalyze further capital inflows or strategic partnerships. The premium pricing of the placement shares also sets a positive tone for Infini’s market valuation going forward.