Highlights

  • Flow-through placement raises ~AUD 11M at 34% premium to last traded price.
  • Additional AUD 1M placement to professional investors at AUD 0.50 per share.
  • Loyalty Options record date extended to 7 November 2025 for eligible shareholders.

Infini Resources Ltd (ASX:I88) has announced the completion of a capital raising totaling ~AUD 12M through a combination of Flow-Through Share placement and a concurrent professional and sophisticated investor placement. The Flow-Through Placement secured firm commitments of ~AUD 11M (CAD 10M) via the issue of 14.74M fully paid ordinary shares at AUD 0.751 per share, representing a 34% premium to the company’s last traded price of AUD 0.56.

A further ~AUD 1M will be raised through a simultaneous placement at AUD 0.50 per share for professional and sophisticated investors. Funds from the Flow-Through Placement will be applied to exploration activities at the Portland Creek, Reynolds Lake, and Reitenbach Lake Uranium Projects, while proceeds from the concurrent placement will be used for offer-related expenses and general working capital.

Use of Proceeds

The funds raised will be allocated to an expanded drilling program at the Portland Creek Uranium Project, targeting up to 12 identified exploration sites, and to potential initial drilling at Reynolds Lake and Reitenbach Lake Uranium Projects, following anomaly detections in field programs conducted in Q3 CY2025.

Flow-Through Share Details

The Flow-Through Shares are issued under Canadian tax legislation, offering tax incentives to qualifying investors for expenditures defined as ‘flow-through critical mineral mining expenditures’ under the Income Tax Act (Canada). The issue price reflects a 33.9% premium to the last closing price on 20 October 2025 (AUD 0.56), a 30.5% premium to the 15-day VWAP (AUD 0.575), and a 28.5% premium to the 10-day VWAP (AUD 0.584).

Peartree Securities Inc. managed the placement, with Bell Potter Securities Ltd serving as Joint Lead Manager and Sole Bookrunner for the block trade. The tax benefits apply solely to the initial Canadian investors and not to any subsequent purchasers through the block trade.

Loyalty Options

Infini has updated the record date for its Loyalty Options to 7 November 2025. Shareholders holding eligible shares can subscribe for 1 Loyalty Option for every 4 shares at an issue price of AUD 0.02 per option. Each option can be exercised at AUD 0.27 and will expire on 30 September 2028. The company plans to apply for quotation of the Loyalty Options, subject to ASX requirements.

CEO Statement

Infini CEO, Rohan Bone, said:
"This heavily subscribed placement — completed at a 34% premium — is a powerful endorsement of Infini’s active exploration strategy and the outstanding potential of our uranium portfolio. The structure of this placement enables us to raise capital at a premium to market, reflecting the strength of our project portfolio and the tailwinds of a global resurgence in investment into clean energy-focused critical minerals. "

Share Performance

The company is currently trading at AUD 0.520 per share, 7.14% down from previous close of 0.56.