New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.3m free cash flow). Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$2.6m revenue, or US$1.8m). Market cap is less than US$100m (AU$15.1m market cap, or US$10.6m). New Risk • Mar 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.5m (US$9.53m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.3m free cash flow). Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Market cap is less than US$10m (AU$13.5m market cap, or US$9.53m). Minor Risk Revenue is less than US$5m (AU$2.6m revenue, or US$1.8m). New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.3m free cash flow). Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$1.4m revenue, or US$989k). Minor Risk Market cap is less than US$100m (AU$14.6m market cap, or US$10.3m). Tillkännagivande • Dec 02
Infini Resources Limited has completed a Derivatives Offering in the amount of AUD 0.653718 million. Infini Resources Limited has completed a Derivatives Offering in the amount of AUD 0.653718 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 26,196,363
Price\Range: AUD 0.02
Security Name: Options
Security Type: Equity Option
Securities Offered: 6,489,559
Price\Range: AUD 0.02
Transaction Features: Rights Offering Tillkännagivande • Oct 31
Infini Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 12.050539 million. Infini Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 12.050539 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: AUD 0.5
Discount Per Security: AUD 0.03
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,734,052
Price\Range: AUD 0.75
Discount Per Security: AUD 0.045
Security Features: Flow-Through
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 23
Infini Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 12.050539 million. Infini Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 12.050539 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: AUD 0.5
Discount Per Security: AUD 0.03
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,734,052
Price\Range: AUD 0.75
Discount Per Security: AUD 0.045
Security Features: Flow-Through
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 01
Infini Resources Limited, Annual General Meeting, Nov 26, 2025 Infini Resources Limited, Annual General Meeting, Nov 26, 2025. New Risk • Sep 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$20.6m market cap, or US$13.7m). Tillkännagivande • Aug 05
Infini Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.241679 million. Infini Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.241679 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,822,999
Price\Range: AUD 0.2052
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,481,481
Price\Range: AUD 0.135
Transaction Features: Subsequent Direct Listing New Risk • Jul 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.5m market cap, or US$8.05m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.09m market cap, or US$5.27m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Apr 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$8.46m market cap, or US$5.32m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Tillkännagivande • Mar 31
Infini Resources Limited (ASX:I88) completed the acquisition of Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada from U Energy Metals Limited. Infini Resources Limited (ASX:I88) entered into a binding share purchase agreement to acquire Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada from U Energy Metals Limited for AUD 2 million on February 25, 2025. A cash consideration of AUD 0.1 million will be paid by Infini Resources Limited. The consideration consists of 2.62 million common equity of Infini Resources Limited having a value of AUD 1.1 million to be issued for assets of Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada. Infini Resources Limited will pay an earnout/contingent payment of AUD 0.75 million in performance rights subject to drilling and resource milestones. As part of consideration, AUD 1.95 million is paid towards assets of Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada.
The transaction is subject to due diligence to Infini Resources Limited’s satisfaction and receipt of any required regulatory, statutory and governmental consents and approvals and escrow agreements. The transaction is expected to close by March 31, 2025.
Infini Resources Limited (ASX:I88) completed the acquisition of Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada from U Energy Metals Limited on March 31, 2025. New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.0m (US$8.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$13.0m market cap, or US$8.20m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Tillkännagivande • Feb 26
Infini Resources Limited (ASX:I88) entered into a binding share purchase agreement to acquire Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada from U Energy Metals Limited for AUD 2 million. Infini Resources Limited (ASX:I88) entered into a binding share purchase agreement to acquire Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada from U Energy Metals Limited for AUD 2 million on February 25, 2025. A cash consideration of AUD 0.1 million will be paid by Infini Resources Limited. The consideration consists of 2.62 million common equity of Infini Resources Limited having a value of AUD 1.1 million to be issued for assets of Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada. Infini Resources Limited will pay an earnout/contingent payment of AUD 0.75 million in performance rights subject to drilling and resource milestones. As part of consideration, AUD 1.95 million is paid towards assets of Reynolds and Boulding Lake Uranium Projects located in Saskatchewan, Canada.
The transaction is subject to due diligence to Infini Resources Limited’s satisfaction and receipt of any required regulatory, statutory and governmental consents and approvals and escrow agreements. The transaction is expected to close by March 31, 2025. Tillkännagivande • Feb 06
Infini Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.390037 million. Infini Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.390037 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,050,223
Price\Range: AUD 0.837
Discount Per Security: AUD 0.05022
Transaction Features: Subsequent Direct Listing New Risk • Jan 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$41.5m market cap, or US$25.9m). Tillkännagivande • Dec 27
Infini Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Infini Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,666,666
Price\Range: AUD 0.6
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 04
Infini Resources Limited, Annual General Meeting, Nov 29, 2024 Infini Resources Limited, Annual General Meeting, Nov 29, 2024. Tillkännagivande • Jul 22
Infini Resources Limited (ASX:I88) completed the acquisition of Bellah Bore East Uranium Deposit from Mine Operations Exchange Pty Ltd. Infini Resources Limited (ASX:I88) agreed to acquire Bellah Bore East Uranium Deposit from Mine Operations Exchange Pty Ltd for AUD 0.04 million on June 3, 2024. The consideration consists of AUD 0.04 million in cash. The acquisition is subject to due diligence to the Infini Resources Limited’s satisfaction and receipt of any required regulatory, statutory and governmental consents and approvals. Completion is expected to in June 2024. The Infini Resources Limited will pay the cash component of the transaction out of existing working capital.
Infini Resources Limited (ASX:I88) completed the acquisition of Bellah Bore East Uranium Deposit from Mine Operations Exchange Pty Ltd on July 21, 2024. Recent Insider Transactions • Jul 13
Chief Executive Officer recently bought AU$54k worth of stock On the 11th of July, Charles Armstrong bought around 69k shares on-market at roughly AU$0.78 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Charles' only on-market trade for the last 12 months. Tillkännagivande • Jul 10
Infini Resources Limited Appoints Charles Armstrong as Managing Director Infini Resources Limited announced the Company's Chief Executive Officer, Mr. Charles Armstrong will take on the role as Managing Director ("MD")effective immediately. Mr. Armstrong first joined Infini as a Chief Executive Officer upon the Company's listing on the Australian Securities Exchange (ASX) in January 2024 and will now assume the MD & CEO role. Charles Armstrong is a geologist with over 9 years' experience across a range of commodities including uranium, lithium, nickel, gold, iron ore, mineral sands and zinc. He has held exploration geologist roles across numerous publicly listed Australian companies including BHP Billiton and Northern Star Resources. Mr. Armstrong led the exploration programs for Firefly Resources Ltd. before the company was taken over by Spartan Resources Ltd. and led the discovery of the Yidby West gold deposits for Surefire Resources NL. Mr. Armstrong holds a Bachelor of Science (Geology) and Graduate Certificate in Minerals and Energy Management from the University of Western Australia and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and Society of Economic Geologists (SEG). New Risk • Jul 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 40% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$20.8m market cap, or US$13.8m). New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$12.8m market cap, or US$8.58m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (14% average weekly change). Board Change • Feb 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairperson Rob Martin was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 01
Infini Resources Announces Board Changes Infini Resources has announced the appointment of Andy Wilde as non-executive director, effective January 29, 2024. Dr. Wilde is a geologist with over 35 years industry experience, including over 10 years' as chief geologist for uranium mining and exploration companies Paladin Energy Ltd. and Deep Yellow Ltd. In these roles he was responsible for leading technical aspects of uranium exploration and project assessment in Namibia, Malawi, Canada and Australia among others, and played an important role in the discovery of Deep Yellow's Barking Gecko and Iguana uranium deposits in Namibia. More recently he provided the technical basis for the ASX listing of 92 Energy Ltd. and was pivotal in the discovery of that company's GMZ uranium deposit in Saskatchewan, Canada. For the past few years, he has run a successful consultancy, advising many companies on uranium and rare earth exploration. Andy holds a Bachelor of Science degree with first class honours from the University College of Wales Aberystwyth and a PhD dealing with unconformity-type uranium deposits from Monash University in Melbourne. He is a Fellow and Registered Professional Geoscientist (Mineral Exploration) of the Australian Institute of Geoscientists and a Fellow of the Geological Society of Australia. He is also a graduate of the Australian Institute of Company Directors. Non-Executive Director Mr. Clinton Booth has resigned from the Board to pursue other business interests. 