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Infinity Metals Limited (ASX:INF)

ALERT: Price-sensitive ASX Announcement for INF
Current share price for INF : $0.008 -0.001 (-6.25%)+
Announcement
Release
3 Aug 2026 9:11AM
Price at Release
$0.008
Full Release
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Summary
Infinity Metals Limited has announced an option agreement to acquire a 100% interest in the Tule Canyon Molybdenum-Copper Project located in Esmeralda County, Nevada. The project comprises 44 unpatented claims on land administered by the Bureau of Land Management (BLM). Historical exploration of this site was conducted by notable companies like Molycorp, AMAX, and Freeport-McMoran. The project area is characterized by significant historical drill intercepts and is noted for its classic porphyry characteristics. Molybdenum is currently trading at multi-year high prices, which aligns with the company's strategy to gain exposure to critical minerals in Tier-1 locations. Infinity aims to further explore the potential of this site under the expedited Notice of Intent process, complementing the U.S. government's emphasis on strengthening domestic mineral resources as part of a broader critical minerals strategy.
Key Points
  • Option to acquire 100% interest in Tule Canyon Molybdenum-Copper Project.
  • Tule Canyon Project located in Esmeralda County, Nevada.
  • Historical exploration by Molycorp, AMAX, and Freeport-McMoran.
  • Project includes 44 unpatented claims on BLM land.
  • Significant historical drill intercepts noted.
  • Molybdenum market prices at multi-year highs.
  • Infinity aims to expand exploration under Notice of Intent framework.
  • Part of U.S. critical minerals strategy, boosting domestic mineral development.
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.