Latest news with #Infini
West Australian
02-06-2025
- Business
- West Australian
Infini ratchets up exploration across Canadian uranium projects
Infini Resources has ratcheted up exploration activities at its suite of promising Canadian uranium projects. After completing airborne electromagnetic surveys across two recent acquisitions, the company is preparing to test major targets at its flagship Portland Creek project in Newfoundland. Infini is eagerly anticipating the imminent arrival of phase one drilling results from Portland Creek and preparing to recommence exploration along the prospective Trident Lake fault. The Portland Creek project sits on the 6-kilometre uranium-enriched corridor, which remains largely untested. Infini expects to kick off its latest program over the next three months, after a temporary pause for seasonal caribou migration. It will test a high-grade soil anomaly within the Trident Lake zone measuring 800 metres by 100m as well as multiple other nearby targets. Infini also recently completed 2400km line time-domain electromagnetic (TDEM) and magnetic airborne surveys across its newly acquired Boulding Lake and Reynolds Lake uranium projects in the renowned Athabasca region in Saskatchewan, Canada. It used a new-generation helicopter-borne TDEM system that improves on prior TDEM mineral exploration technology. The new-age system uses a 20m diameter inflatable transmitter loop suspended about 30m below a helicopter, offering improved signal clarity for detection of subtle subsurface features and better resolution of shallow and deeper targets. Infini has already had a breakthrough at Portland Creek, when soil sampling results last year set the market into a spin. Assay results up to 74,997 parts per million uranium oxide put a rocket under Infini's share price, making it one of last year's big share market winners. In fact, the mineralisation was so high that the samples exceeded the initial lab's capabilities and Infini needed to send the lab-busting assays to a second lab for testing. Management says an initial six-hole drilling program at the company's Falls Lake prospect at Portland Creek exhibited encouraging signs, which they believe illustrates the prospect's significant upside potential. The drill program results will help guide an upcoming phase-two diamond drilling program, based on observed geological structures and geochemical assays. Falls Lake is part of the wider Trident Lake zone, a 6km corridor of anomalous uranium and radon gas identified in soils and lake sediments. Portland Creek hosts prospective geological indicators, including surface anomalism, favourable structures and widespread hydrothermal alteration. The company believes its ongoing data-driven approach is delivering drill targets that are adjusted to new geological information, maximising the project's discovery potential. Infini Resources chief executive officer Rohan Bone said: 'Portland Creek is a rare exploration opportunity, a project which has the potential to host a large-scale uranium system in a tier-one jurisdiction. Weather, slow production rates and wildlife considerations undoubtedly slowed our momentum, but they've done nothing to diminish our confidence in the asset.' Bone said the company remains fully committed to aggressive exploration with multiple programs planned at Portland Creek and its Athabasca properties in the second half of this year. The company announced Bone's appointment a few weeks ago. He has a brief to deliver the next phase of growth across the company's portfolio of uranium and lithium projects in Canada and Western Australia. Bone brings 18 years of global experience across multiple mining roles throughout Australia, South East Asia, Canada and Europe. The upcoming drill program will be managed by the company's recently appointed in-country exploration manager Nick Mitchell. Infini recently completed the acquisition of two prospective uranium plays in Canada's renowned Athabasca Basin, which are both perched within 100km of several world-class high-grade uranium mines. The fully-owned Reynolds and Boulding Lake projects comprise a total 931 square kilometres of land, significantly expanding the company's grounds in the highly sought-after and richly endowed 100,000-square-kilometre Athabasca Basin. The 677-square-kilometre Reynolds project contains reported anomalous uranium in-lake sediments and radiometric anomalies close to the underexplored Needle Falls shear zone. It is a shallow unconformity-style uranium exploration play in a jurisdiction distinguished by a regional fault, radioactive boulders along trend and numerous surface showings. The adjacent, 254-square-kilometre Boulding Lake contains a plethora of radioactive boulders. The company says a magnetic low, interpreted as basin sediments, indicates the project offers potential as a primary uranium source. Boulding Lake lies immediately west of Denison Mines' Johnston Lake uranium project and is close to the globally leading Cigar Lake operating mine. Cigar Lake's underground mine has a total mineral reserve of 551,400 tonnes at a coffee-spitting grade of 15.87 per cent uranium oxide - about 160,000ppm - for 192.9 million pounds of product. The nearby high-grade McArthur River mine contains a reserve of 2.49Mt at a solid 6.55 per cent uranium oxide for a massive 359.6M pounds. United States President Donald Trump recently issued executive orders to expedite the approvals process for projects deemed to contain strategically important critical minerals, including uranium, to fuel the rollout of modular nuclear energy reactors and to safeguard the US's national security. Trump's intervention may prove a major boon for the active Canadian junior uranium explorer, if its exploration activities prove successful. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
02-06-2025
- Business
- Sydney Morning Herald
Infini ratchets up exploration across Canadian uranium projects
Infini Resources has ratcheted up exploration activities at its suite of promising Canadian uranium projects. After completing airborne electromagnetic surveys across two recent acquisitions, the company is preparing to test major targets at its flagship Portland Creek project in Newfoundland. Infini is eagerly anticipating the imminent arrival of phase one drilling results from Portland Creek and preparing to recommence exploration along the prospective Trident Lake fault. The Portland Creek project sits on the 6-kilometre uranium-enriched corridor, which remains largely untested. Infini expects to kick off its latest program over the next three months, after a temporary pause for seasonal caribou migration. It will test a high-grade soil anomaly within the Trident Lake zone measuring 800 metres by 100m as well as multiple other nearby targets. Infini also recently completed 2400km line time-domain electromagnetic (TDEM) and magnetic airborne surveys across its newly acquired Boulding Lake and Reynolds Lake uranium projects in the renowned Athabasca region in Saskatchewan, Canada. It used a new-generation helicopter-borne TDEM system that improves on prior TDEM mineral exploration technology. The new-age system uses a 20m diameter inflatable transmitter loop suspended about 30m below a helicopter, offering improved signal clarity for detection of subtle subsurface features and better resolution of shallow and deeper targets. 'Portland Creek is a rare exploration opportunity, a project which has the potential to host a large-scale uranium system in a tier-one jurisdiction.' Infini Resources chief executive officer Rohan Bone Infini has already had a breakthrough at Portland Creek, when soil sampling results last year set the market into a spin. Assay results up to 74,997 parts per million uranium oxide put a rocket under Infini's share price, making it one of last year's big share market winners. In fact, the mineralisation was so high that the samples exceeded the initial lab's capabilities and Infini needed to send the lab-busting assays to a second lab for testing. Management says an initial six-hole drilling program at the company's Falls Lake prospect at Portland Creek exhibited encouraging signs, which they believe illustrates the prospect's significant upside potential. The drill program results will help guide an upcoming phase-two diamond drilling program, based on observed geological structures and geochemical assays.
The Age
02-06-2025
- Business
- The Age
Infini ratchets up exploration across Canadian uranium projects
Infini Resources has ratcheted up exploration activities at its suite of promising Canadian uranium projects. After completing airborne electromagnetic surveys across two recent acquisitions, the company is preparing to test major targets at its flagship Portland Creek project in Newfoundland. Infini is eagerly anticipating the imminent arrival of phase one drilling results from Portland Creek and preparing to recommence exploration along the prospective Trident Lake fault. The Portland Creek project sits on the 6-kilometre uranium-enriched corridor, which remains largely untested. Infini expects to kick off its latest program over the next three months, after a temporary pause for seasonal caribou migration. It will test a high-grade soil anomaly within the Trident Lake zone measuring 800 metres by 100m as well as multiple other nearby targets. Infini also recently completed 2400km line time-domain electromagnetic (TDEM) and magnetic airborne surveys across its newly acquired Boulding Lake and Reynolds Lake uranium projects in the renowned Athabasca region in Saskatchewan, Canada. It used a new-generation helicopter-borne TDEM system that improves on prior TDEM mineral exploration technology. The new-age system uses a 20m diameter inflatable transmitter loop suspended about 30m below a helicopter, offering improved signal clarity for detection of subtle subsurface features and better resolution of shallow and deeper targets. 'Portland Creek is a rare exploration opportunity, a project which has the potential to host a large-scale uranium system in a tier-one jurisdiction.' Infini Resources chief executive officer Rohan Bone Infini has already had a breakthrough at Portland Creek, when soil sampling results last year set the market into a spin. Assay results up to 74,997 parts per million uranium oxide put a rocket under Infini's share price, making it one of last year's big share market winners. In fact, the mineralisation was so high that the samples exceeded the initial lab's capabilities and Infini needed to send the lab-busting assays to a second lab for testing. Management says an initial six-hole drilling program at the company's Falls Lake prospect at Portland Creek exhibited encouraging signs, which they believe illustrates the prospect's significant upside potential. The drill program results will help guide an upcoming phase-two diamond drilling program, based on observed geological structures and geochemical assays.
Business Upturn
22-05-2025
- Business
- Business Upturn
Infini Introduces Lowest Fees in Platform History for Stablecoin Transactions
By GlobeNewswire Published on May 22, 2025, 20:03 IST Infini slashes card fees to 0.1%, edges closer to a 0% stablecoin payment future HONG KONG, May 22, 2025 (GLOBE NEWSWIRE) — Infini, the next-generation Pay-Fi platform for stablecoin-based payments and financial services, today announced that its flagship Infini Global Card now offers a reduced transaction fee of just 0.1%, applicable to all users worldwide. This milestone marks the lowest fee tier in the platform's history and brings it significantly closer to its long-term mission: making stablecoin payments feel free. Full compensation delivered within hours Earlier this year, Infini faced a significant security incident — an event that could have shattered user confidence. Instead, the founding team responded with unprecedented speed and transparency, publicly committing to and delivering full compensation to affected users within hours. 'True trust is forged in crisis,' said Christian Li, Founder of Infini, 'We didn't wait to react — we chose to act. And our users stood by us because we stood by them.' Since then, Infini has implemented multi-layered upgrades to its custody architecture, partnered with leading security auditors, and established a resilient compliance and risk control system. The result? Continued growth, stronger infrastructure, and a community that believes more than ever. Card volume growth drives lower fees This foundational trust has enabled Infini to accelerate its roadmap. 'This is exactly why we built the Infini Flywheel,' said Christian Li, Founder of Infini. 'As an active node within the Visa and Mastercard networks, the more transaction volume we drive, the more cashback and network incentives we unlock. But instead of keeping those margins, we pass them directly back to users — by lowering fees. That engine is now accelerating.' Infini's model has seen rapid growth across emerging markets like Latin America and Southeast Asia, where users are increasingly seeking low-cost, globally usable crypto payment tools amid rising inflation. As user spending continues to rise, Infini expects platform-level earnings to further improve, making a true 0% fee structure achievable in the near future. 'No one should be penalized for using their own money,' said Christine, Co-founder of Infini, 'That's why we're building a future where payments are fair, global, and practically free.' Daily yield automatically accrued In addition to lower fees, Infini also offers users effortless earnings on stablecoin balances. Funds held in Infini accounts accrue daily yield automatically — no action required. Earnings are calculated and distributed every day, creating a seamless blend of saving and spending in one place. Spend anywhere Since its launch, the Infini Global Card has allowed users to spend stablecoins like USDT and USDC globally via Apple Pay, Google Pay, PayPal, Alipay, and other major wallets. All transactions benefit from zero conversion fees, real-time FX settlement, and automatic daily yield generation — transforming stablecoin balances into productive capital, even while spending. In markets with high FX volatility, Infini has even observed what users call a 'negative fee effect' — where the USD equivalent deducted during a transaction was lower than the local fiat equivalent at spot rate. This unexpected bonus reflects the real-world advantage of Infini's 0% conversion fee and instant-settlement architecture over traditional payment rails. About Infini Infini is a next-generation Pay-Fi platform connecting stablecoin savings with real-world payments. Users can deposit stablecoins like USDT and USDC to earn daily yield and spend them directly via Infini's virtual or physical cards, accepted globally through Visa and Mastercard networks. With full support for Apple Pay, Google Pay, PayPal, and Alipay, Infini offers a seamless bridge between DeFi earnings and everyday life. With over 50,000 active users and growing rapidly, Infini is expanding into new markets while continuing to lower costs, improve security, and introduce support for more currencies and payment scenarios. Website: Twitter / X: Media ContactValerio LiHead of Marketing [email protected] Disclaimer : This is a paid post and is provided by Infini. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. 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Associated Press
30-04-2025
- Business
- Associated Press
Cheems Memecoin Defies Global Economic Turmoil with Astonishing 3,541% Year-Over-Year Surge
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- In a stunning turn of events amid global financial uncertainty, Cheems ($CHEEMS), a lighthearted memecoin inspired by the iconic Shiba Inu character, has skyrocketed by 3,541% over the past year with its market cap eclipsing $300 million. This explosive growth defies broader market trends that have been shaken by increasing stock market volatility and rising geopolitical tensions impacting global trade. Cheems' performance over the past 12 months has not only surprised investors but has also cemented its position as a leading force in the memecoin arena. With more than 85,000 holders, over 1.8 million on-chain transfers, and an average daily trading volume exceeding $8 million on major exchanges including Binance, Cheems is proving that internet culture and decentralized finance (DeFi) can form a powerful and resilient combination. Analysts attribute this extraordinary rise to Cheems' active and humorous online presence, strong community engagement, and its ability to stay relevant in an ever-shifting market. The token's smart contract security, transparency, and loyal community have turned it from a meme into a movement. Its unique blend of humor and purpose is resonating with a new generation of crypto investors who value both entertainment and innovation. Christian, core developer of Cheems and founder of Infini, shared his thoughts on the achievement: 'Cheems isn't just riding the memecoin wave—it's shaping it. Hitting $8 million in daily trading volume on Binance signals that our community and the broader market recognize the real potential behind this movement. As we continue building, we are committed to maintaining this momentum and ensuring long-term growth for our holders.' Cheems' momentum has also been fueled by its increasing presence in pop culture and the broader crypto narrative. With viral memes, influencer endorsements, and trending hashtags, Cheems has managed to stay top-of-mind in an industry that often moves at lightning speed. The project's creative marketing campaigns and grassroots support have helped it reach audiences far beyond traditional crypto circles, attracting casual users, NFT collectors, and even institutional traders curious about the power of meme economics. Looking ahead, the Cheems development team has hinted at exciting road map milestones, including a play-to-earn game, a cross-chain bridge to expand utility beyond BNB Chain, and a charitable initiative to support animal welfare causes worldwide. As the token matures, Cheems aims to balance its playful brand with long-term value creation, showing that memecoins can evolve into purpose-driven platforms while retaining the fun that made them famous. About Cheems Cheems is a community-first memecoin built on the BNB Chain, known for its playful roots and strong digital culture presence. Launched to embody the spirit of internet humor, Cheems has quickly evolved into a serious contender in the meme asset space. Its mission is to create value through fun, transparency, and utility while bringing the crypto world closer to everyday internet users. Media Contact: Cheems Foundation [email protected] Join the Cheems Community: Website: Disclaimer: This press release is provided by Cheems Foundation. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector--including cryptocurrency, NFTs, and mining--complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press only with funds that you can afford to the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
