Infinitum Copper closes sale of Hot Breccia interest

The most recent news release (January 16, 2026) confirms the closing of a sub-option agreement with Prismo Metals Inc. regarding the Hot Breccia project in Arizona. Infinitum has sold 80% of its remaining interest in the project to Prismo for a cash payment of C$185,000. Additionally, Prismo has assumed all remaining obligations under the underlying option agreement with the original property owner. Infinitum retains a residual 5% interest in the project, which may be assigned to Prismo under specific future conditions. This follows the December 2025 closing of the sale of the company's interest in the Adelita project to Algo Grande Copper Corp. (subsidiary of Kenadyr Metals).

This news is Material - Positive for the company's immediate survival but highlights a desperate fundamental situation. - Liquidity Injection: The C$185,000 is critical given that the company reported only C$114,076 in cash as of September 30, 2025, against current liabilities of over C$1.09 million. - Liability Reduction: Transferring the "remaining obligations" of the underlying option agreement to Prismo is a significant win, as Infinitum clearly lacked the capital to fund exploration or make necessary option payments to keep the property. - Strategic Shift to Shell: The company has now effectively divested its two primary interests (Adelita and Hot Breccia). While management characterizes this as focusing on "new opportunities," the company is currently an exploration firm with almost no remaining exploration assets, moving it closer to a "shell" status. - Listing Risk: Previous news from June 2025 warned that the disposition of the majority of assets could lead to a reclassification to the NEX board (a secondary board for companies no longer meeting TSX-V listing requirements).

Infinitum Copper Corp. was previously focused on copper-gold-silver exploration in Mexico and Arizona. Its flagship project was the Adelita Project in Mexico (80% interest), which has now been sold to Algo Grande/Kenadyr. Its secondary project was the Hot Breccia project in Arizona, of which it now only holds a 5% interest. As of January 2026, the company is effectively an exploration company without a primary exploration project, seeking to reinvent itself.