Infinitum Closes Sale Of Additional Interest In Hot Breccia Project In Arizona

Executive Summary

• Infinitum Copper Corp. closed a mineral property sub‑option agreement, selling an 80% interest in its remaining stake in the Hot Breccia property to Prismo Metals Inc. for C$185,000 and assumption of related obligations.
• The transaction is part of Infinitum’s strategy to divest non‑core assets and concentrate on core copper exploration projects.
• Proceeds will be used for general working capital and to explore new opportunities.

Key Details

• Transaction: Sub‑option agreement dated January 28, 2023 now closed.
• Seller: Infinitum Copper Corp. (TSXV: INFI)
• Buyer: Prismo Metals Inc. (CSE: PRIZ)
• Interest Transferred: 80% of Infinitum’s remaining interest in the Hot Breccia property (Arizona).
• Consideration: C$185,000 cash paid to Infinitum; Prismo assumes all remaining obligations under the original option agreement with the property owner.
• Residual Interest: Infinitum retains a 5% interest, subject to assignment to Prismo under certain circumstances.
• Strategic Rationale: Disposal of non‑core asset to focus on acquisition and exploration of copper projects.
• Use of Proceeds: General working capital and investigation of new opportunities.

Notable Quotes

(No direct quotes were provided in the release.)