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Infinity Mining Unlocks Value by Selling Leonora Stake, Gains EG1 Shares

3:19am on Monday 2nd of June, 2025 AEST Mining
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Infinity Mining Unlocks Value by Selling Leonora Stake, Gains EG1 Shares

3:19am on Monday 2nd of June, 2025 AEST
Key Points
  • Infinity Mining sells Leonora Goldfields Project tenements to U Resource, to be acquired by EG1
  • Consideration includes cash, upfront EG1 shares, deferred shares subject to approval, and milestone shares
  • Infinity becomes a significant EG1 shareholder, maintaining exposure to Leonora’s future development
  • Transaction aligns with Infinity’s strategy to unlock value and focus on core gold and copper projects
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