STOCK TITAN

INFINITUM COPPER CORP - INUMF STOCK NEWS

Welcome to our dedicated page for INFINITUM COPPER news (Ticker: INUMF), a resource for investors and traders seeking the latest updates and insights on INFINITUM COPPER stock.

Infinitum Copper Corp (INUMF) is a mining company focused on advancing the La Adelita project in Mexico and the Hot Breccia project in Arizona. With a strong team, they aim to establish mining operations, gain valuable knowledge of mineralized bodies, and provide revenue streams. The recent consolidation and private placement reflect the Company's commitment to growth.

Rhea-AI Summary

Infinitum Copper (TSXV: INFI) (OTCQB: INUMF) has announced the resignation of Marco Roque from his position as a director of the company. CEO Matt Hudson expressed gratitude for Roque's contributions to the company and extended well wishes for his future endeavors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
News
Rhea-AI Summary

Infinitum Copper (TSXV: INFI) (OTCQB: INUMF) has announced the appointment of Manni Buttar to its board of directors. Buttar, a Chartered Professional Accountant (CPA, CA) with a Masters in Accounting and Finance from the University of Waterloo, currently serves as Vice-President - Business Development at SCP Resource Finance LP, where he focuses on developing the company's Structured Flow Through Share Program.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Infinitum Copper (TSXV: INFI) (OTCQB: INUMF) has announced significant changes to its board composition. Steve Robertson has resigned from his positions as Chairman and director, while Garrick Mendham has also stepped down from his role as director. CEO Matt Hudson acknowledged their valuable contributions and extended well wishes for their future endeavors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
Rhea-AI Summary

Infinitum Copper (TSXV: INFI) (OTCQB: INUMF) has announced changes to its Board of Directors. Steve R. McMullan, a Registered Professional Geoscientist (P.Geo) and Qualified Person under NI43-101 with worldwide mineral exploration experience, has been appointed to the board. Meanwhile, Mahendra Naik has resigned from his position as director. The company expressed gratitude to Mr. Naik for his years of valuable contribution.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
84.8%
Tags
management
-
Rhea-AI Summary

Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) has provided updates on its La Adelita project in Mexico and the Hot Breccia project. At La Adelita, the company is mobilizing equipment to access the Cerro Grande adit, with plans to drive a 100m long access tunnel to intercept previously drilled mineralization. The Hot Breccia project, optioned to Prismo Metals, has seen progress with a completed VTEM survey and drilling permits received for 10 drill pads. Prismo plans a 5,000-metre drilling program to explore historical copper intercepts exceeding 1%. Additionally, Infinitum's board has approved a remuneration package for directors and key personnel, including DSUs and options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Infinitum Copper Corp. (TSXV: INFI, OTCQB: INUMF) has successfully closed its non-brokered private placement financing, raising $CAD450,000 through the issuance of 11,250,000 units at $0.04 per unit. Each unit includes one common share and one warrant to purchase an additional share at $0.06 within three years. The proceeds will fund operations at the La Adelita project, including clearing a path to the Cerro Grande adit and constructing a 3m x 3m drive to access previously identified mineralized bodies. This financing also saw participation from company insiders, qualifying as a related party transaction but exempt from formal valuation and minority approval requirements.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Infinitum Copper Corp. has announced an amendment to the terms of its private placement, aiming to raise C$450,000 through the issue of up to 11,250,000 units at a price of C$0.04 per unit. Each unit includes one common share and one common share purchase warrant. The net proceeds will be used for establishing mining operations at the La Adelita project and general corporate purposes, with no funds allocated for investor relations activities. The offering is subject to a four-month resale restriction, with the closing date expected on or about May 31, 2024. The company also confirmed that no finder's fees will be paid in connection with the offering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
159.38%
Tags
none
-
Rhea-AI Summary
Infinitum Copper Corp. completes a share consolidation, reducing its Common Shares by half, increasing flexibility and competitiveness in the market. The company's securities will trade on a consolidated basis starting April 18, 2024, under the symbol 'INFI'. Additionally, an update on the Private Placement is provided, with pricing to occur post-Consolidation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.04%
Tags
none
-
Rhea-AI Summary
Infinitum Copper Corp. announces a proposed consolidation of its common shares on a 2:1 ratio. The company aims to enhance future financing opportunities by reducing its outstanding common shares from 74,563,040 to 37,281,520. Shareholders will not receive fractional shares, and the exercise price of stock options will be adjusted accordingly. The consolidation does not involve a name change or new stock symbol. The process is pending approval from the TSX Venture Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Infinitum Copper Corp. amends terms of private placement to raise up to C$450,000 through the issue of 22,500,000 units at C$0.02 per unit. Proceeds to be used for mining operations at La Adelita project and general corporate purposes. No funds for Investor Relations Activities or payments to Non-Arm's Length Parties. CEO Matt Hudson expresses excitement for mining operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.95%
Tags
none

FAQ

What is the current stock price of INFINITUM COPPER (INUMF)?

The current stock price of INFINITUM COPPER (INUMF) is $0.0125 as of February 25, 2025.

What is the market cap of INFINITUM COPPER (INUMF)?

The market cap of INFINITUM COPPER (INUMF) is approximately 677.0K.

What is Infinitum Copper Corp focused on?

Infinitum Copper Corp is focused on advancing the La Adelita project in Mexico and the Hot Breccia project in Arizona.

What does the recent consolidation of common shares mean?

The recent consolidation of common shares at a ratio of 2:1 allows greater possibilities for future financings and enhances the Company's competitiveness in the market.

How does the Company plan to utilize the proceeds from the private placement?

The net proceeds from the private placement will be used for establishing mining operations at the La Adelita project and general corporate purposes.

Are there any changes to the Company's name or stock symbol after the consolidation?

The Company does not intend to change its name or seek a new stock trading symbol following the consolidation.

What is the significance of the private placement for Infinitum Copper Corp?

The private placement provides essential funding for the Company to advance its operations, especially at the La Adelita project.

Who is the CEO of Infinitum Copper Corp?

Matt Hudson serves as the Chief Executive Officer of Infinitum Copper Corp.

Will fractional shares be issued as a result of the consolidation?

No fractional shares will be issued, and any fractional share will be rounded down to the nearest whole number.

What is the timeline for the closing date of the Offering?

The closing date of the Offering is expected to occur on or about May 31, 2024.

Are there any finder's fees associated with the private placement?

No finder's fees were paid in connection with the private placement.

How will the exercise price and number of shares be adjusted after the consolidation?

The exercise price and number of shares issuable upon exercise of outstanding securities will be proportionately adjusted to reflect the consolidation.

What is the Company's approach to forward-looking statements?

Infinitum Copper Corp provides caution regarding forward-looking statements, highlighting the inherent risks and uncertainties associated with such information.
INFINITUM COPPER CORP

OTC:INUMF

INUMF Rankings

INUMF Stock Data

677.01k
44.13M
10.11%
Copper
Basic Materials
Link
Canada
Vancouver