Infini Resources Raises A$12M to Accelerate Uranium Exploration in Canada

Capital Raise Highlights

Infini Resources Limited (ASX, I88) has successfully secured approximately A$12 million to advance its uranium exploration efforts in Canada. The bulk of the funds; around A$11 million; were raised through a Flow-Through Share placement under Canadian tax provisions, priced at a notable 34% premium to the company’s recent trading price. This premium pricing underscores strong investor confidence in Infini’s portfolio and the broader resurgence of interest in critical minerals linked to clean energy.

Alongside this, Infini raised an additional A$1 million from professional and sophisticated investors at A$0.50 per share, slightly below the recent market price but aligned with the block trade price for the Flow-Through Shares. This combined capital injection positions Infini to aggressively pursue its exploration agenda.

Exploration Program Expansion

The funds will primarily support an expanded drilling program at the Portland Creek Uranium Project, where Infini has already reported promising uranium intersections. Additionally, the company plans inaugural drilling campaigns at its Reynolds Lake and Reitenbach Lake projects, both located in highly prospective mining jurisdictions of Newfoundland and the Athabasca Basin. These projects have recently revealed encouraging anomalies, fueling optimism about their potential.

CEO Rohan Bone emphasized that the heavily subscribed placement at a premium price validates Infini’s active exploration strategy and the quality of its uranium assets. The capital raise enables the company to move decisively into a critical phase of discovery, aiming to deliver high-impact results that could significantly enhance shareholder value.

Loyalty Options Offer

In addition to the placements, Infini announced a Loyalty Options offer to existing shareholders, allowing them to subscribe for one option for every four shares held. These options carry an exercise price of $0.27 and expire in September 2028. The company intends to list these options on the ASX, subject to compliance requirements. This initiative aims to reward loyal investors while potentially providing additional capital in the future.

Market and Strategic Implications

The successful capital raise at a premium price signals robust market appetite for uranium exploration companies, especially those with assets in tier-1 jurisdictions. Infini’s strategy aligns well with the global pivot towards clean energy and the critical minerals required to support it. However, the secondary trading of Flow-Through Shares involves different tax treatments, which may influence investor behavior and liquidity in the near term.

As Infini embarks on this next phase, the market will be watching closely for drilling results and exploration updates that could validate the company’s growth prospects and justify the premium valuation.