Australia's Infinity Mining up on acquisition of tenure in Pilbara region

Infinity Mining

23/11/2022 02:48

** Shares of Infinity Mining Ltd  IMI.AX  jump as much as
17.2% to A$0.34, on track to see their best day since Nov. 10,
if gains hold 
    ** Rare earth minerals miner has entered into sale purchase
agreement with TasEx Geological Services Pty Ltd to acquire 250
square kilometre tenure in East Pilbara region of Western
Australia  urn:newsml:reuters.com:*:nASX3hwgSd
    ** Says co has acquired key tenements adjoining co's
Tambourah South Lithium project in Western Australia 
    ** Says acquisition is at a total purchase price of
A$300,000 ($199,200.00)
    ** Shares hit highest since Nov. 11
    ** Stock up 61.1% YTD, as of last close 
($1 = 1.5060 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))