Infinity Mining Limited (ASX:IMI)

Infinity Mining Limited has announced a successful capital raise of A$1 million through a placement of 100 million new shares at A$0.01 each, representing a 20% discount to the last closing price. This capital will support various key activities, including advancing exploration projects in Victoria, particularly at the Tanjil Bren, Monkey Gully, and Walhalla South sites, and furthering their partnership with Orivium Global Pte Ltd. The funds will also aid in developing the Cangai Project by utilizing Orivium's Super Oxidiser technology to recover critical metals. The placement received strong support from both existing and new investors, enabling the company to fast-track its exploration initiatives and deliver value by unlocking gold and critical metals in response to the rising demand for sustainable Australian supply. An Extraordinary General Meeting is planned to seek shareholder approval for the issuance of options related to the placement.