Infini Resources raises AU$3 million at 52.8% premium for Phase 2 drilling at Portland Creek.

Infini Resources Ltd (ASX: I88) has successfully secured approximately AU$3 million via a flow-through share placement under Canadian tax provisions. Shares were priced at AU$0.2052, representing a 52.8% premium to the company’s recent 5-day VWAP. The raised funds will directly support Phase 2 diamond drilling at the Portland Creek Uranium Project in Newfoundland, targeting twelve highly prospective zones identified through structural and geochemical analysis.

The placement attracted strong interest from institutional and sophisticated investors, with directors and management committing an additional AU$200,000. Eligible shareholders will also receive 1 loyalty option for every 4 shares held, exercisable at AU$0.27 and expiring on 30 September 2028. The placement was facilitated by Peartree Securities, with Bell Potter and 62 Capital acting as joint lead managers. This strategic raise positions Infini for potential uranium discovery in a premier mining region.

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