Infini trading 155% higher on ASX debut

Uranium and lithium explorer Infini Resources (ASX:I88) has begun trading on the Australian Securities Exchange (ASX) today (15 January 2024).

The company was trading 155% higher to $0.510 on debut, as of 12.20pm AEDT. 

Infini raised $5.3 million in its initial public offer (IPO) to advance its key projects in Canada and Australia. 

Infini Resources Chief Executive Officer (CEO) Charles Armstron says the ASX listing follows months of ‘hard work’ by the new and ambitious and strategic energy metals explorer. 

“We are excited to have begun trading on the ASX, providing investors exposure to a diversified portfolio of energy metals, underpinned by several high-quality uranium and lithium assets. 

Our strategy is to move quickly to add value to the projects through on-ground exploration activities including geophysical and geochemical work programs. These workflows will pave the way for the generation of numerous exploration targets across the asset base which can then be ranked and prioritised for prospectivity.” 

Infini is now progressing exploration work programs across several of its assets, aiming to define economic deposits of uranium and lithium. 

The company’s asset portfolio comprises uranium and lithium projects in tier one Canadian and Western Australian mining jurisdictions.

Write to Aaliyah Rogan at Mining.com.au

Images: Infini Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.