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. reports news on a mineral exploration company focused on copper and associated precious-metal projects in North America. The company holds an 80% interest in the La Adelita copper-silver-gold project in Sonora and Sinaloa, Mexico, and has an option to earn a 25% interest in the Hot Breccia project in Arizona's Copper Belt, which is prospective for porphyry copper and copper skarn mineralization.
Recurring updates include project activity at La Adelita and Hot Breccia, board and executive changes, material agreements, private-placement financing, capital-structure disclosures, governance matters, and operating and financial results.
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Infinitum Copper Corp. successfully closed the first tranche of a C$1,500,000 private placement, garnering C$1,473,669.19 from the sale of 21,052,417 units. The second tranche, totaling C$26,330.81, is anticipated to close by April 27, 2023. CEO Matt Hudson noted strong support from investors, emphasizing the high-grade potential of the La Adelita project. Funds raised will support ongoing exploration at Cerro Grande and initiate drilling at the Sangre del Toro feature, which previously returned 9.15m of 16.45g/t Au and 1.9% Cu. Additionally, the company granted 1,000,000 incentive stock options to the CEO, priced at C$0.08 per share, expiring in five years.