Infinity Mining Raises $282K with New Options Ahead of ASX Listing
Infinity Mining Limited has successfully closed a pro-rata entitlement issue, raising over $280,000 through new options set to be listed on the ASX next week.
- Completed pro-rata non-renounceable entitlement issue of options
- Raised approximately $282,000 before costs
- Underwriters subscribed for shortfall of 190 million options
- New options exercisable at $0.02, expiring in 42 months
- Options expected to commence trading on ASX under code IMIO from 19 May 2025
Capital Raise Completion
Infinity Mining Limited (ASX: IMI) has wrapped up its Loyalty Option Offer, a pro-rata non-renounceable entitlement issue, successfully raising around $282,000 before costs. Eligible shareholders were offered two new options for every three shares held, priced at $0.001 each, with an exercise price of $0.02 and a 42-month expiry. The offer closed on 5 May 2025, with strong participation from shareholders and full underwriting support.
The underwriting syndicate, led by CPS Capital Group Pty Ltd and supported by St Barnabas Investments Pty Ltd, stepped in to subscribe for the shortfall of approximately 190.5 million options. This ensured the company secured the full intended capital injection, bolstering its financial position as it advances its exploration and development projects.
Implications for Shareholders and Market
The new options will be allotted and issued on 15 May 2025, with an expected ASX quotation date of 19 May 2025 under the ticker IMIO. For existing shareholders, this offer provides an opportunity to increase their exposure to Infinity Mining at a modest cost, with the potential upside of exercising options at a fixed price in the coming years.
While the capital raise is relatively modest, it reflects a strategic move to maintain momentum in funding without immediate dilution of share capital. The exercise price and expiry terms suggest management’s confidence in the company’s medium-term prospects, particularly given the focus on near-term development opportunities.
Strategic Project Portfolio
Infinity Mining’s portfolio spans over 3,700 square kilometres across key Australian mining regions, including New South Wales, Victoria, and Western Australia. The company’s flagship asset, the Cangai Copper Project, is a historic high-grade copper mine with a JORC-compliant resource, positioning it well for near-term development. Alongside copper, Infinity is advancing projects targeting gold, lithium, and other base metals, aligning with global demand trends for battery and industrial metals.
This capital raise, while not transformative on its own, supports ongoing exploration and project advancement. It also signals to the market that Infinity Mining is actively managing its capital structure to support growth initiatives without over-reliance on debt or dilutive equity raises.
Looking Ahead
Investors will be watching closely as the new options commence trading and as Infinity Mining provides further updates on exploration results and project development milestones. The company’s ability to convert its resource potential into operational assets will be critical to delivering shareholder value in the medium term.
Bottom Line?
Infinity Mining’s latest capital raise sets the stage for advancing its copper and lithium projects, but execution risks remain.
Questions in the middle?
- How will the exercise of these new options impact Infinity Mining’s share capital and potential dilution?
- What specific projects or exploration activities will the funds raised be allocated to?
- When can investors expect updates on the development progress of the Cangai Copper Project?
