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Infinity Metals Limited (ASX:INF)

ALERT: Price-sensitive ASX Announcement for INF
Current share price for INF : $0.007 -0.006 (-46.15%)+
Announcement
Release
18 Jun 2026 10:48AM
Price at Release
$0.013
Full Release
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Summary
Infinity Metals Limited announced an option agreement for acquiring a 100% interest in the historic copper mine at Swansea, Arizona, with a focus on high-grade copper production and strong historical recovery rates. The agreement includes a two-year exercise period, contingent on satisfactory due diligence and various stakeholder approvals. A placement has been secured, raising A$2.25 million through a two-tranche share issuance to fund exploration, acquisition costs, and working capital. The placement price represents a significant discount from the last traded price and contains incentives through attached options. The company's balance sheet is strengthened by the placement, which allows further exploration and development of its copper assets.
Key Points
  • Option to acquire 100% interest in historic Swansea copper mine.
  • Documented historical production of 29 million lb at 2.43% copper.
  • Placement to raise A$2.25 million at a 23.1% discount to last traded price.
  • Placement includes one free unlisted option for every two new shares.
  • Funds to be used for exploration, acquisition costs, and working capital.
  • Strong support from new and existing shareholders.
  • Infinity Metals not related to the vendor.
  • Two-tranche placement structure with shareholder approval required.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.