INFINITUM COPPER CORP Stock Price, News & Analysis

VANCOUVER, BC / ACCESSWIRE / February 9, 2023 / Infinitum Copper Corp. (TSXV:INFI)(OTCQB:INUMF) announces Matt Hudson as the new President and CEO effective February 1, 2023. Hudson's expertise in operational management in Mexico and capital markets is expected to propel the flagship Adelita project forward. Former CEO Steve Robertson will transition to Chairman. Michael Wood has returned as CFO, succeeding Melinda Hsu. The leadership changes aim to strengthen the Company’s strategic direction and partnerships while building on its accomplishments since going public in March 2022.

Infinitum Copper Corp. has signed an agreement with Prismo Metals Inc. that allows Prismo to acquire up to a 75% interest in the Hot Breccia project in Arizona. Prismo will assume all payment and work obligations under the existing agreement for $350,000 and the issuance of 500,000 shares. Upon completion of these obligations, Infinitum and Prismo will form a 75:25 joint venture for the project. This collaboration enables Infinitum to concentrate on its flagship project, La Adelita, while retaining a stake in Hot Breccia.

Infinitum Copper Corp. has successfully closed the first tranche of a non-brokered private placement financing, raising $155,757 through the sale of 1,198,129 units at $0.13 per unit. Each unit includes one common share and one-half share purchase warrant priced at $0.22 for two years. Proceeds will fund exploration at the La Adelita project in Mexico and the Hot Breccia project in Arizona. The company amended its agreement for the Hot Breccia project, reducing a cash payment due and increasing share issuance. The deal is pending necessary approvals.

Infinitum Copper Corp. announced a plan to raise C$1,000,000 through a non-brokered private placement financing. The offering consists of up to 7,692,308 units priced at C$0.13 per unit, with each unit comprising one common share and one-half warrant, allowing the purchase of additional shares at C$0.22 for two years. Proceeds will support exploration efforts at the La Adelita project in Mexico and the Hot Breccia project in Arizona. The offering is subject to TSX-V approval, and there's no assurance it will be completed as proposed.

Infinitum Copper Corp. (TSXV: INFI)(OTCQB: INUMF) announced successful diamond drilling results at its La Adelita project in Mexico. Drill hole AD-22-0019 revealed 32.25 meters of 1.01% copper, 0.52 g/t gold, and 39.69 g/t silver, translating to 1.74% copper equivalent. The mineralization is associated with semi-massive to massive magnetite and is open along strike and depth. A significant mineralized zone has been identified, suggesting promising exploration potential. The company anticipates further drilling based on strong geophysical anomalies.

Infinitum Copper has reported positive drilling results from its La Adelita project in Mexico. Drill hole AD-22-0018 yielded an impressive 20.60 meters of mineralization with 1.91% copper, 2.00 g/t gold, and 40.91 g/t silver starting at a depth of 163.15 meters. The mineralization is open in all directions and may strengthen with depth.

These results support the geological model of a large mineralized system, prompting further exploration efforts in the area.

Infinitum Copper Corp. has completed the first phase of exploration at its La Adelita project in Mexico, discovering significant mineralization at various sites, notably a trench at Las Trancas yielding 9.15m of 16.45g/t gold, 1.90% copper, and 3.50g/t silver. The geophysical interpretation aligns with historic drilling, revealing promising anomalies for further exploration. Twelve diamond drill holes, totaling 2,574m, were completed, with results pending. A new land access agreement with the Los Batequis Community enhances future exploration potential.

Infinitum Copper Corp. (TSXV:INFI)(OTCQB:INUMF) has successfully closed a non-brokered private placement financing, raising a total of $1,036,035 through the sale of 5,180,175 Units. Each Unit comprises one common share and one warrant, enabling purchase of additional shares at $0.45 for two years. Proceeds will fund exploration projects in Sonora, Mexico, and Arizona, USA. The offering included subscriptions from insiders and a finder’s fee of $37,100, alongside additional warrants. The Offering is subject to regulatory approval.

Infinitum Copper Corp. (TSXV:INFI)(OTCQB:INUMF) plans to raise up to C$1,000,000 through a non-brokered private placement of 5,000,000 units priced at C$0.20 per unit. Each unit comprises one common share and a warrant, allowing the purchase of an additional share at C$0.45 for two years. Funds will support exploration projects in La Adelita, Mexico, and Hot Breccia, Arizona. The offering is subject to TSX-V approval and involves potential finder's fees. Forward-looking statements indicate risks inherent to the company's business.