Infield Minerals Announces Financing

• Financing Announcement (April 29, 2026): Infield Minerals Corp. launched a non-brokered private placement to raise up to $1.25 million gross proceeds.
• Offering Terms: Up to 25 million units at $0.05 per unit; each unit includes one common share and one warrant.
• Warrant Details: Warrants have an exercise price of $0.10, expire in one year, and include an acceleration clause if the stock closes above $0.12 for 10 days.
• Use of Proceeds: Mineral exploration on western US resource projects (Kings Canyon/Detroit) and general corporate purposes.
• LOI Context (February 19, 2026): Company signed a Letter of Intent to acquire the Detroit Sediment-Hosted Gold Property in Utah for staged payments totaling $560,000 over five years plus production milestones.
• Historical Data: The LOI cites historical drilling intercepts up to 10.01 g/t Au on the Mizpah zone, though these are not NI 43-101 compliant resources.

• Dilution Impact: The issuance of 25 million units against approximately 48.7 million existing shares represents a ~34% increase in share count immediately upon closing. This is highly dilutive for current shareholders without immediate revenue generation to offset the cost.
• Valuation Discrepancy Risk: The Investor Presentation cites a Market Cap of C$77.1M based on peer averages, whereas actual price data ($0.05) multiplied by shares outstanding (48.7M) implies a market cap of roughly C$2.43M. This significant gap suggests the presentation valuation is speculative or outdated, creating uncertainty for investors regarding true company value.
• Warrant Overhang: The new warrants add 25 million potential future shares at $0.10 (double current price). While this limits immediate downside, it caps upside if the stock rallies to $0.12 due to acceleration clauses and creates a secondary dilution event later in the year.
• Project Status: The Detroit property acquisition is currently an LOI with staged payments; no definitive agreement or resource estimate exists yet. The financing funds exploration but does not confirm mineralization success.
• Price Alignment: The offering price ($0.05) matches the recent market trading range, indicating no discount to existing shareholders and no premium for new investors, reflecting a lack of immediate catalyst confidence in the market.

• Strategy: Discovery-focused exploration targeting near-surface oxide gold deposits in emerging districts of the western United States (Utah/Nevada).
• Flagship Project: Kings Canyon (Millard County, Utah) is the primary asset, hosting historical unclassified resources of 6.8 Mt @ 0.030 opt (~200,000 oz Au), though not NI 43-101 compliant.
• Secondary Asset: Goldendale (Nevada) features epithermal gold-silver mineralization with recent drill results showing low-grade intercepts (0.56 g/t Au).
• New Acquisition: Detroit Property (Utah) via LOI, located ~65 km NW of Kings Canyon, offering potential for sediment-hosted gold systems similar to the nearby Drum mine district.