Infinitum Announces Cancellation of Non-Brokered Private Placement

• On April 21, 2026, Infinitum Copper Corp. announced the cancellation of a proposed non-brokered private placement.
• The offering was initially announced on March 20, 2026, targeting gross proceeds of $2,520,000 through the sale of up to 14 million units at $0.18 per unit.
• Each unit consisted of one common share and one warrant exercisable at $0.20 for 60 months.
• The cancellation is explicitly attributed to "insufficient investor interest" in the market environment.
• Management states they intend to evaluate alternative funding options moving forward, implying immediate liquidity pressure remains unresolved.

• Liquidity Crisis Signal: The failure to secure $2.52 million represents a significant shortfall for a junior explorer with a market cap of approximately $31 million. This amount is roughly 8% of the company's equity value and was earmarked for working capital and advancing properties.
• Asset Stripping Context: This financing attempt follows a series of asset disposals in late 2025 and early 2026 (Adelita Project to Algo Grande, Hot Breccia interest to Prismo). The company has reduced its asset base but failed to secure the necessary capital to fund remaining operations or new acquisitions.
• Market Confidence: Cancellation due to "insufficient investor interest" suggests the market does not value the current portfolio at the proposed terms ($0.18/unit), even with a discount to the trading price (~$0.28-$0.30 range in March/April). This indicates a lack of confidence in management's ability to generate returns from remaining assets.
• Dilution Risk: If the company attempts another placement, it may need to offer deeper discounts or more favorable warrant terms, leading to further shareholder dilution. Alternatively, they may be forced into high-interest debt or distressed asset sales.
• Conclusion: This is a Material Negative event as it directly threatens operational continuity without immediate access to capital markets.

• Company: Infinitum Copper Corp. is a junior mining explorer focused on copper-skarn assets in mining-friendly jurisdictions (Sonora, Mexico and Arizona, USA).
• Strategy Shift: Historically focused on La Adelita and Hot Breccia. Recent news indicates a pivot to divesting non-core or mature assets (Adelita sold to Algo Grande, Hot Breccia interest sold to Prismo) to focus on "acquisition and exploration of scalable copper projects."
• Flagship Project Status:
  • La Adelita (Mexico): Sold 80% interest to Algo Grande Copper Corp. in December 2025. Infinitum retains no direct operational control, receiving cash and shares instead.
  • Hot Breccia (Arizona): Sold 80% of remaining interest to Prismo Metals Inc. in January 2026. Retains a 5% residual interest subject to assignment.
• Current Portfolio: Effectively stripped of major development assets. The company is now reliant on finding new acquisitions or advancing the small retained interests without significant capital.