New Risk • Mar 12
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$1.9m 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$1.9m free cash flow). Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.19m market cap, or US$5.12m). New Risk • Nov 08
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 20% 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 (20% average weekly change). Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.11m market cap, or US$5.92m). Duyuru • Oct 06
Infinity Metals Limited, Annual General Meeting, Nov 28, 2025 Infinity Metals Limited, Annual General Meeting, Nov 28, 2025. New Risk • Sep 25
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$1.9m 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$1.9m free cash flow). Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m (AU$304k revenue, or US$200k). Market cap is less than US$10m (AU$7.67m market cap, or US$5.06m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Duyuru • Mar 31
Infinity Lithium Corporation Limited (ASX:INF) completed the acquisition of Highland Resources Limited from Jubilee Metals Limited for AUD 0.85 million. Infinity Lithium Corporation Limited (ASX:INF) acquired Highland Resources Limited from Jubilee Metals Limited for AUD 0.85 million on March 31, 2025. A cash consideration of AUD 0.05 million will be paid by Infinity Lithium Corporation Limited. The consideration consists of 10 million common equity of Infinity Lithium Corporation Limited to be issued for common equity of Highland Resources Limited. Infinity Lithium Corporation Limited will pay an earnout/contingent payment Performance Rights common equity. Highland Resources Limited holds four tenements, EL 7071 (Bindi), EL 7072 (Mitta), EL 7073 (cobungra), EL 7074 (Good Hope-Union).
Infinity Lithium Corporation Limited (ASX:INF) completed the acquisition of Highland Resources Limited from Jubilee Metals Limited on March 31, 2025. New Risk • Nov 18
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 17% 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 (17% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.3m market cap, or US$9.26m). Duyuru • Oct 30
Infinity Lithium Corporation Limited ORDINARY FULLY PAID to be Deleted from OTC Equity Infinity Lithium Corporation Limited ORDINARY FULLY PAID (Australia) will be deleted from OTC Equity effective October 29, 2024, due to inactive security. Duyuru • Oct 01
Infinity Lithium Corporation Limited, Annual General Meeting, Nov 14, 2024 Infinity Lithium Corporation Limited, Annual General Meeting, Nov 14, 2024. New Risk • Sep 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.87m) 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 Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.3m market cap, or US$9.87m). New Risk • Mar 12
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$294k revenue, or US$194k). Minor Risk Market cap is less than US$100m (AU$33.3m market cap, or US$22.0m). New Risk • Feb 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 17% 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 (17% average weekly change). Revenue is less than US$1m (AU$172k revenue, or US$113k). Minor Risk Market cap is less than US$100m (AU$36.1m market cap, or US$23.7m). New Risk • Nov 13
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 Risk Revenue is less than US$1m (AU$172k revenue, or US$110k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (AU$39.3m market cap, or US$25.1m). Recent Insider Transactions • Oct 07
Executive Director recently bought AU$65k worth of stock On the 4th of October, Ramon Serrano bought around 770k shares on-market at roughly AU$0.085 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$175k more in shares than they have sold in the last 12 months. Duyuru • Oct 05
Infinity Lithium Corporation Limited, Annual General Meeting, Nov 23, 2023 Infinity Lithium Corporation Limited, Annual General Meeting, Nov 23, 2023. Recent Insider Transactions • Dec 29
Board Member recently bought AU$110k worth of stock On the 23rd of December, Remy Welschinger bought around 1m shares on-market at roughly AU$0.11 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. Insiders have collectively bought AU$202k more in shares than they have sold in the last 12 months. Board Change • Nov 16
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. 4 non-independent directors. Independent Non-Executive Chairman Adrian Byass was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 12
Board Member recently bought AU$93k worth of stock On the 5th of October, Remy Welschinger bought around 500k shares on-market at roughly AU$0.18 per share. This transaction amounted to 75% 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 the only on-market transaction from insiders over the last 12 months. Duyuru • Oct 07
Infinity Lithium Corporation Limited, Annual General Meeting, Nov 30, 2022 Infinity Lithium Corporation Limited, Annual General Meeting, Nov 30, 2022. Recent Insider Transactions Derivative • Sep 09
MD, CEO & Director exercised options to buy AU$190k worth of stock. On the 7th of September, Ryan Parkin exercised options to buy 1m shares at a strike price of around AU$0.088, costing a total of AU$88k. This transaction amounted to 36% of their direct individual holding at the time of the trade. Since September 2021, Ryan has owned 2.79m shares directly. This was the only transaction from an insider over the last 12 months. Duyuru • Sep 07
Infinity Lithium Corporation Limited Appoints Ramón Jiménez to the Board Infinity Lithium Corporation Limited announced the appointment of Ramón Jiménez to the board of the company. Ramón was appointed as CEO of the company's wholly owned Spanish subsidiary Extremadura New Energies in first quarter 2022. Duyuru • Sep 02
Infinity Lithium Corporation Limited Announces Regional Government of Extremadura Approve Lithium Decree Infinity Lithium Corporation Limited announced the Regional Government of Extremadura has approved a decree-law to establish a requirement for lithium mineral resource projects to incorporate downstream lithium mineral processing in Extremadura. The San José Lithium Project is a fully integrated lithium mineral extraction and processing project designed in compliance with the decree-law articles. The Regional Minister for Ecological Transition and Sustainability declared the exploitation of lithium mineral resources, whether existing or potential, throughout the region to be of general interest, namely there is a prerequisite to align the benefits of extracting mineral resources to metallurgical and mineral processing in Extremadura. Furthermore, the granting of any concession of the exploitation of lithium resources in Extremadura will be conditional upon compliance with the obligation that the metallurgical and mineral processing and benefit of the resources of this mineral must necessarily be carried out in the region. The metallurgical processing and beneficiation of lithium mineral resources comprises the set of activities necessary to produce lithium hydroxide or a similar useful lithium compound for the predominant purpose to manufacture lithium-ion batteries. The decree has reinforced lithium as a product of regional interest and integrated lithium operations as regional interest business projects (`PREMIA'), in effect prioritising permitting, recognition as public utility projects, and access to employment grants. Duyuru • Aug 03
Infinity Lithium Corporation Limited Announces Completion of Test Work Infinity Lithium Corporation Limited announced that upon successful completion of the Project Agreement with EIT InnoEnergy and Dorfner Anzaplan. This is the final issue of securities under this agreement. The test work program completed under the Project Agreement has culminated in the successful production of both battery grade lithium hydroxide and carbonate. The relationship with EIT InnoEnergy has expanded into other lithium-related aspects of the battery chain. The Company's wholly owned Spanish subsidiary Extremadura New Energies has officially launched the Extremadura New Energies Academy, and in collaboration with EIT InnoEnergy, provide training courses of the European Battery Alliance Academy. EIT InnoEnergy is the entity designated by the European Commission to manage and lead the "EBA250" (the industrial development programme of the European Battery Alliance). Board Change • Apr 27
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. 3 non-independent directors. Independent Non-Executive Chairman Adrian Byass was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 24
Infinity Lithium Corporation to Be Deleted from Other OTC Infinity Lithium Corporation Limited's ordinary shares will be deleted from Other OTC effective February 23, 2022. The deletion is due to inactive security. Duyuru • Feb 11
Infinity Lithium Corporation Limited Updates Increased Battery Grade Lithium Chemicals Infinity Lithium Corporation Limited announced the production of increased quantities of battery grade lithium chemicals from the completion of metallurgical test work from the San José Lithium Project. This test work was conducted at Dorfner Anzplan's facilities in Germany, under the terms of the Project Agreement with EIT InnoEnergy, to facilitate the development of the sustainable, novel and innovative sulphate roast process. This development work at Dorfner Anzaplan has been funded by EIT Innoenergy, with an aim of creating more sustainable refining technology for lithium mineralogies that have to be exploited industrially for the first time. EIT InnoEnergy is supported by the European Institute of Innovation and Technology which is a body of the European Union. The Project Agreement and upcoming test work program have provided successful results and confirmation of the production of battery grade lithium carbonate and hydroxide in the advancement of the Project's Feasibility Study. The production of battery grade lithium carbonate and hydroxide was successfully achieved under the guidance of recognised lithium industry experts and Infinity Technical Advisory Committee members Jon Starink and Dr. David Maree Infinity has retained approximately 0.8 kg of battery grade lithium hydroxide for future product verification. Infinity and its technical partners produced this increased volume of battery grade lithium chemicals in line with both the requirements for the Feasibility Study, and for samples of end products for verification purposes in the advancement of offtake discussions. Optionality of battery grade end products has been reiterated as a requirement by multiple EU end users in response to their target end markets. The varying cathode requirements for LIB producers are in response to automaker OEMs' demands and alignment of specific requirements for market segments. This pilot-scale test work has confirmed the scalability of the process emerging from the bench- scale test work, confirming key process design criteria. The next stage of test work will progress locked cycle test work and advancement of the engineering design criteria for the Project Feasibility Study with an underground mine providing lithium bearing mica ROM to feed a fully integrated, on-site lithium chemical conversion plant capable of producing both battery grade lithium carbonate and hydroxide. The Company is progressing the Project in response to societal engagement and improved environmental credentials that are aligned to the vast renewable energy opportunity in Extremadura. Tranche 3 funding under the Project Agreement will be committed upon completion of reporting and verification under the Terms and Conditions of the Warrant Deed and Project Agreement detailed in the Notice of Annual General Meeting. The finalisation and optimisation of test work provides pathway to lodge provisional patents covering the novel aspects of the sulphate roast process flowsheet. The Company will progress freedom-to-operate searches and lodgement of provisional patent applications for the novel aspects of the process. The Company and its project partners under the Project Agreement retain rights to any resulting licensing revenues applicable from the future implementation of the process for lithium bearing mica ores. The sulphate roast and water leach process, which includes recirculation of key reagents, significantly reduces the environmental impact of the lithium chemical conversion process when compared to traditional sulphuric acid leaching practices common in the conversion of spodumene concentrates. The sustainable production of battery grade lithium carbonate and hydroxide and decarbonisation of the conversion process will be advantageous in EU markets, with the implementation of the EU Battery Passport providing regulatory and compliance requirements for the measure of the carbon footprint of all materials used in lithium-ion batteries. Duyuru • Dec 13
Infinity Lithium Corporation Limited and Infinity Greentech Pty Ltd Announce Further Progress in Test Work Following the Recoveries from Lithium Micas and the Completion of Stage 1 Open Circuit Test Work Infinity Lithium Corporation Limited (`Infinity', or `the company') and its wholly owned subsidiary Infinity GreenTech Pty Ltd. (`Infinity GreenTech') announced further progress in test work following the successful recoveries from lithium micas and the completion of stage 1 open circuit test work. Bench-scale test work is proceeding on schedule with locked-cycle test work (`LCT') underway. LCT work is targeted to provide key process design criteria and is expected to be completed in the first quarter of 2022. The company has further advanced the design and layout of pilot-scale activities, including the lodgement of orders for specialist equipment which is due to be delivered in the first quarter of 2022. Once installed, the specialist equipment will permit considerable acceleration of laboratory scale test work and the start of pilot-scale test work. LCT and pilot-scale test work will investigate two complementary processes that will use Run-of Mine (`ROM') lithium bearing mica ore from the San José Lithium Project (`San José', or `the Project'). Infinity Greentech intends to broaden the scope of test work to determine the efficacy of the process for the treatment of other lithium-bearing materials, focussing in the first instance on other lithium-containing micas such as lepidolite and zinnwaldite, lithium-containing clays such as hectorite and complex lacustrine materials such as jaderite. Infinity Greentech expects to commence bench scale test work on other lithium-bearing materials in parallel to the current test work in the first quarter of 2022. Infinity Greentech expects that the purchased pilot-scale equipment will be installed and fully operational in the second quarter of 2022. Pilot-scale test work is anticipated to commence as soon as possible thereafter, with meaningful results anticipated in the third quarter of 2022. Importantly, Infinity Greentech believes the process is down-scalable to permit on-site exploitation of comparatively small-scale resources and thereby potentially unlock value from such resources. Infinity GreenTech is progressing the development and commercialization of sustainable and low carbon footprint lithium hard rock processing technologies and have lodged provisional patent applications for a sustainable and novel lithium hydrometallurgical conversion processes. The Company's Technical Advisory Committee (`TAC') Chairman Jon Starink and TAC expert Dr. David Maree have overseen the successful completion of phase 1 test work and process flowsheet development. Duyuru • Jul 15
Infinity Lithium Corporation Limited Provides San Jose Lithium Test Work Update Infinity Lithium Corporation Limited provided an update of ongoing metallurgical test work to produce battery grade lithium hydroxide from the San José Lithium Project in Spain. Prior metallurgical updates highlighted the status of work at the time and the formation of a Technical Advisory Committee. This test work program funded by EIT InnoEnergy is undertaken and managed by Dorfner Anzaplan in Germany and the Company's Technical Advisory Committee in Australia. EIT InnoEnergy are part of a platform funded by the European Battery Alliance and details of the funding announced ASX release 25 March 2020. This work is intended to provide the foundation for a Feasibility Study for battery grade lithium hydroxide production from San José. The test work program is based on the Pre-Feasibility Study delivered in 2019 (ASX release 22 August 2019) and is intended to confirm Pre-Feasibility Study process assumptions and better define process engineering design criteria. Lab-scale Feasibility level test work has now progressed to the fourth stage (crystallisation) after successfully progressing through roast, leach and solution purification stages. Lab-scale test work is at <kg scale. Larger-scale (10's kg) Feasibility level test work began in the First Quarter 2021 and has progressed to provide sufficient flotation concentrate to undertake upscaled roasting test work. This program of work follows the advancing and successful lab-scale work. Test work is on time and on schedule and consistent with the schedules previously advised, with first lab-scale production of lithium hydroxide expected no later than the beginning of Fourth Quarter 2021. Duyuru • May 17
Infinity Lithium Corporation Limited Provides San Jose Project and Permitting Update Infinity Lithium Corporation Limited announced that it has received notification that the Investigation Permit Valdeflorez (`PIV') application has been cancelled at the San José Lithium Project (`San José', or `the San Jose Project'). The Project consists of both the PIV application and the adjoining granted Investigation Permit Ampliacion Valdeflorez (`PIAV'), which remains in good standing. Infinity's wholly owned Spanish subsidiary Extremadura Mining S.L. (`Extremadura Mining') holds a 75% interest in the Joint Venture (`JV') entity which manages the Project, Tecnología Extremeña Del Lito S.L. (`TEL'). In respect to the decision by the Regional Government (`Administration', or `Junta') the Company strongly disputes the validity of the decision to cancel the PIV application. Following legal advice the Company has lodged an appeal of this resolution. The Company considers the Junta's resolution to cancel the PIV is in direct breach of the law and in contradiction of previous rulings by the Junta on the environmental and urban legality and viability of the PIV. Furthermore, Infinity reserves all rights relating to the multiple administrative decisions and errors of the Junta including the legal status of the mining area under the Junta's original call for tender, and the actions that facilitated the PIV reverting to application status. This reversion from granted status to application (which has subsequently been rejected) was the direct result of administrative failures by the Junta. The administrative faults saw the omission by the Junta to lodge the Project restoration plan in the public exposure period, and the Junta's fault in not providing adequate notice in the public exposure period. The Company notes that based on legal advice these failures are likely to also relate to other permits in the region. Duyuru • Feb 18
Infinity Lithium Corporation Limited announced that it expects to receive AUD 15.099557 million in funding Infinity Lithium Corporation Limited (ASX:INF) announced private placement of approximately 79,471,355 common shares at a price of AUD 0.019 per share for gross proceeds of AUD 15,099,557.45 on February 18, 2021. The issue price represents a 13.8% discount to the 15-day volume weighted average price. The transaction is expected to close on February 24, 2021. Is New 90 Day High Low • Feb 12
New 90-day high: AU$0.25 The company is up 153% from its price of AU$0.099 on 13 November 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Duyuru • Jan 19
Infinity Lithium Corporation Limited Appoints Mr. Remy Welschinger as Head of Corporate Development Infinity Lithium Corporation Limited announced that Mr. Remy Welschinger has been appointed as Head of Corporate Development of the Company. Mr. Welschinger was appointed to the Board last year (initially as non-executive director) and will transition to the Executive management, effective immediately. Is New 90 Day High Low • Jan 15
New 90-day high: AU$0.21 The company is up 116% from its price of AU$0.097 on 16 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Duyuru • Nov 30
Infinity Lithium Corporation Limited Appoints David Maree to the Technical Advisory Committee Infinity Lithium Corporation Limited announced the appointment of highly credentialed lithium processing expert Mr. David Maree to the company's Technical Advisory Committee (`Committee'). The Committee will be led by Executive Director and Chief Technical Officer Mr. Jon Starink as the Company focuses on the San José Lithium Project and will assist with phase one test work that is currently progressing in Germany with Project technical partners Dorfner Anzaplan. Duyuru • Nov 17
Infinity Lithium Corporation Limited Announces an Update on the Continuing Feasibility Study Infinity Lithium Corporation Limited announced an update on the continuing Feasibility Study (`FS') test work for the San José Lithium Project (`San José', or `the Project). Infinity has continued to progress test work in the EU despite the challenges of operating through the pandemic, with activities under phase one progressing in line with the Project Agreement as executed with KIC InnoEnergy SE (`EIT InnoEnergy'), (refer to ASX announcement 18 June 2020). The test work program is managed by leading consultancy and engineering company Dorfner Anzaplan at their German facilities. The key findings include: The positive test work outcomes have achieved an improvement on the PFS, open circuit flotation recoveries; Results of FS test work achieved improved open circuit flotation recoveries (68 wt.-% Li2O recovery to a concentrate grading 1.30 wt.-% Li2O). Open circuit test work in the PFS achieved 58% wt.-% Li2O recovery to a concentrate grading 1.26 wt.-% Li2O); The PFS required detailed closed circuit test work to achieve results that are comparable to the FS open circuit flotation recoveries (PFS closed circuit: 67% wt % Li2O recovery to a concentrate grading 1.30 wt.-% Li2O); The program is continuing to include follow up test work in closed circuit operation, where there is a strong potential to achieve a substantial improvement in Li2O recoveries over and above the open circuit test results;
The Company will investigate the potential improvements in beneficiation grade to above 1.30%. Li2O using closed cycle processing and will update the market accordingly; These results validate the relevant PFS assumptions and provide greater certainty. Duyuru • Nov 09
Infinity Lithium Corporation Limited Appoints Cayetano Polo as Head of Institutional Relations Infinity Lithium Corporation Limited announced the appointment of Mr. Cayetano Polo as its new Head of Institutional Relations in Spain. Mr. Polo's appointment further reinforces the evolution of the Company's in-country management and focus on local representation. Mr. Polo has held significant political positions at both the regional and local level, most recently as the leader of Extremadura regional political party Ciudadanos. He was nominated as the party's candidate for the President of Extremadura in the 2019 regional elections. Duyuru • Oct 08
Infinity Lithium Corporation Limited Appoints Jon Starink as an Executive Director and Member of the Board Infinity Lithium Corporation Limited announce the appointment of Mr. Jon Starink as an Executive Director and member of the Board of the Company. With more than 17 years based in London and as a dual Dutch and Australian national, Mr. Starink brings extensive European and Middle Eastern corporate and professional networks to the Company. Duyuru • Jul 30
Meridian Drilling Inc. completed the acquisition of Equatorial Potash Pty Ltd. from Infinity Lithium Corporation Limited (ASX:INF). Meridian Drilling Inc. entered into a binding sale agreement to acquire Equatorial Potash Pty Ltd. from Infinity Lithium Corporation Limited (ASX:INF) for AUD 1 on February 25, 2020. In exchange for 100% interest in EPPL and the Gabonese potash assets Meridian will provide waiver of any outstanding fees related to drilling and waiver of any costs and obligations related to the demobilisation of drilling equipment. Transaction is subject to a due diligence.
Meridian Drilling Inc. completed the acquisition of Equatorial Potash Pty Ltd. from Infinity Lithium Corporation Limited (ASX:INF) on March 18, 2020. As of March 18, 2020, the due diligence was completed.