Infini Resources has raised A$3 million through a flow-through share placement at a significant premium, fueling Phase 2 drilling at its Portland Creek Uranium Project in Canada. The capital raise underscores strong investor confidence ahead of a critical exploration push.
- A$3 million raised via flow-through shares at 52.8% premium
- Funds earmarked for Phase 2 diamond drilling at Portland Creek
- Directors and management committed an additional A$200,000
- Loyalty options to be issued to eligible shareholders post-placement
- Exploration targets include 12 high-priority uranium anomalies
Capital Raise at a Premium
Infini Resources Limited (ASX – I88) has successfully secured approximately A$3 million through a flow-through share placement priced at A$0.2052 per share, representing a 52.8% premium to its recent five-day volume weighted average price. This funding round, facilitated under Canadian tax provisions, highlights robust investor appetite for the company’s uranium exploration ambitions in Newfoundland, Canada.
The placement is subject to shareholder approval, with settlement expected shortly after the company’s upcoming general meeting. Notably, Infini’s directors and management have also pledged an additional A$200,000, signaling strong internal confidence in the project’s potential.
Targeting a Tier-1 Uranium Discovery
The capital injection will directly support Phase 2 diamond drilling at the Portland Creek Uranium Project, focusing on 12 highly prospective exploration targets. These targets are underpinned by significant uranium-in-soil anomalies, with peak readings reaching nearly 75,000 parts per million of uranium oxide (U₃O₈). The drilling campaign, slated for the third quarter of 2025, aims to unlock new mineralised vein corridors associated with previously untested geological structures.
Infini’s CEO, Rohan Bone, emphasized the strategic importance of this funding, noting the premium pricing reflects both the quality of the project and the growing global interest in critical minerals essential for clean energy technologies.
Shareholder Incentives and Market Implications
In addition to the placement, Infini plans to issue loyalty options to eligible shareholders, granting one option for every four shares held. These options will carry an exercise price of A$0.27 and expire in September 2028, potentially providing shareholders with additional upside as exploration progresses.
The flow-through shares offer Canadian investors tax incentives linked to qualifying exploration expenditures, a mechanism that has helped attract institutional and sophisticated investors. The involvement of Peartree Securities, Bell Potter, and 62 Capital as facilitators further underscores the transaction’s credibility.
Looking Ahead
With exploration poised to intensify, Infini Resources is positioning itself to capitalize on the rising demand for uranium amid the global energy transition. The upcoming drilling results will be closely watched by the market, as they could materially influence the company’s valuation and strategic trajectory.
Bottom Line?
Infini’s premium-priced raise sets the stage for a pivotal drilling phase that could redefine its uranium prospects.
Questions in the middle?
- What initial results will Phase 2 drilling yield, and how might they impact resource estimates?
- How will the loyalty options affect shareholder dilution and future capital strategies?
- What is the timeline for regulatory approvals and subsequent exploration milestones?