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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.
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.
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.
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.
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.
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.
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.
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.