Core Viewpoint - Infinitum Copper Corp. has successfully closed a mineral property sub-option agreement with Prismo Metals Inc., allowing Prismo to acquire up to a 75% interest in the Hot Breccia property in Arizona, demonstrating the company's strategy to focus on core assets and exploration opportunities [1][2]. Group 1: Transaction Details - Infinitum granted Prismo an option to acquire up to a 75% interest in the Hot Breccia property, with Prismo agreeing to pay C$185,000 for 80% of Infinitum's remaining interest [1]. - Prismo will assume all remaining obligations of the underlying option agreement with the property owner, while Infinitum retains a 5% interest that may be assigned to Prismo under certain conditions [1]. Group 2: Strategic Focus - The transaction aligns with Infinitum's growth strategy to dispose of non-core assets and concentrate on the acquisition and exploration of mineral properties [2]. - Proceeds from the sale will be utilized for general working capital and to explore new opportunities [2]. Group 3: Company Overview - Infinitum Copper Corp. is a Canadian junior exploration company focused on advancing copper projects in the Americas, aiming for disciplined growth through the discovery and development of scalable copper assets [5].
Infinitum Closes Sale Of Additional Interest In Hot Breccia Project In Arizona