InvestSMART

Infinity Mining Limited (ASX:IMI)

ALERT: Price-sensitive ASX Announcement for IMI
Current share price for IMI : $0.008 -0.004 (-33.33%)+
Announcement
Release
3 Nov 2025 8:20AM
Price at Release
$0.012
Full Release
download
Summary
Infinity Mining Limited has executed a binding Memorandum of Cooperation (MOC) with Orivium Global Pte Ltd to utilize Orivium's advanced extraction technology at the Cangai Project. This collaboration aims to recover precious metals, copper, nickel, rare earth, and critical metals from historical smelter slag and ex-mine oxide dumps at the Cangai site. The project will leverage Orivium's Super Oxidiser technology, promoting a sustainable and regenerative mining process. Infinity is simultaneously pursuing cooperative research funding and other non-dilutionary financial grants to support the project. The initiative is set to demonstrate a modular metals recovery solution with potential applications in environmental cleanup across various Australian projects.
Key Points
  • Infinity Mining Limited signs MOC with Orivium Global Pte Ltd.
  • Utilizing Orivium's Super Oxidiser technology at Cangai Project.
  • Aimed at recovering multiple precious and critical metals.
  • Technology involves non-toxic reagents and no high-energy requirements.
  • Infinity seeks $2.9 million in CRC-P government funding.
  • Modular metals recovery solution applicable to other Australian projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.