Infini cleared for first Athabasca uranium drilling blitz in Canada

The West Australian04-24 05:36

Infini Resources has ticked off a key step in its Canadian uranium exploration push, with Saskatchewan regulators granting permits for the company’s maiden drilling at its Reynolds Lake and Reitenbach...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2629892862?lang=en_US&edition=fundamental","thumbnail":"https://images.thewest.com.au/publication/C-22188306/9413d52bba0653e2207ebb8a181f5cf4a8f5e1cd.jpg","is_english":true,"pubTime":"2026-04-24 05:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2629892862","market":"hk","top_or_hot":-1,"title":"Infini cleared for first Athabasca uranium drilling blitz in Canada","media":"The West Australian","content":"<div>\n<p>Infini Resources has ticked off a key step in its Canadian uranium exploration push, with Saskatchewan regulators granting permits for the company’s maiden drilling at its Reynolds Lake and Reitenbach...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/infini-cleared-for-first-athabasca-uranium-drilling-blitz-in-canada-c-22188306\">Source Link</a>\n\n</div>\n","source":"thewest_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Infini cleared for first Athabasca uranium drilling blitz in Canada</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInfini cleared for first Athabasca uranium drilling blitz in Canada\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-24 05:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/bulls-n-bears/infini-cleared-for-first-athabasca-uranium-drilling-blitz-in-canada-c-22188306><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Infini Resources has ticked off a key step in its Canadian uranium exploration push, with Saskatchewan regulators granting permits for the company’s maiden drilling at its Reynolds Lake and Reitenbach...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/infini-cleared-for-first-athabasca-uranium-drilling-blitz-in-canada-c-22188306\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"URA","symbol_name":"Global X Uranium ETF","start_time":0,"source_url":"https://thewest.com.au/business/bulls-n-bears/infini-cleared-for-first-athabasca-uranium-drilling-blitz-in-canada-c-22188306","article_id":"2629892862","we_media_id":null,"thumbnails":["https://images.thewest.com.au/publication/C-22188306/9413d52bba0653e2207ebb8a181f5cf4a8f5e1cd.jpg"],"rights":{"source":"thewest_stock","url":"https://thewest.com.au/business/bulls-n-bears/infini-cleared-for-first-athabasca-uranium-drilling-blitz-in-canada-c-22188306","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2629892862","pubTimestamp":1776980203,"columns":[],"sourceInfo":{"source_id":"thewest_stock","name":"The West Australian"},"weMediaInfo":null,"summary":"Infini Resources has secured permits for maiden drilling at its Reynolds and Reitenbach Lake projects in Canada, with rigs set to test a large-scale uranium system on the prized Athabasca Basin margin.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"URA":"Global X Uranium ETF","SRUUF":"Sprott Physical Uranium Trust","BK4606":"AI电力股","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"Infini获准在加拿大进行首次阿萨巴斯卡铀矿钻探闪电战","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"URA":1.5,"SRUUF":1.5},"content_text":"Infini Resources has ticked off a key step in its Canadian uranium exploration push, with Saskatchewan regulators granting permits for the company’s maiden drilling at its Reynolds Lake and Reitenbach Lake projects, on the eastern outboard margin of the nation’s famed Athabasca Basin.Infini’s contiguous projects stretch across a massive 766-square-kilometre landholding on the eastern margins of the Athabasca Basin.The approvals clear the way for Infini to mobilise a rig to site in late April and launch a minimum 2500-metre diamond drilling campaign to test a suite of high-priority targets across the two contiguous projects.Infini’s drill plan looks to be stacking the odds in its favour. The company has pulled together airborne electromagnetic data, magnetics, uranium geochemistry and structural interpretation to identify drill sites where multiple potential uranium indicators coincide.So far, those indicators have pinpointed a plethora of conductive hotspots, magnetic lows, fault intersections and strong uranium geochemical anomalism.The company’s program represents the first drilling of the underexplored eastern margins of the Athabasca Basin, which is considered highly prospective for both unconformity-related and basement-hosted uranium systems.The award of drill permits at Reynolds and Reitenbach is a major milestone for Infini, enabling us to advance toward our maiden drill program on the eastern margins of the Athabasca Basin. Infini Resources chief executive officer Rohan BoneThe Athabasca Basin hosts some of the world’s biggest and highest-grade uranium mines. They include Cameco’s McArthur River and Cigar Lake uranium mines, which contain total mineral reserves of 165.6 million pounds at 15.9 per cent uranium oxide and 391.9 million pounds at 6.9 per cent uranium, respectively.Intriguingly, Infini’s projects have remained underexplored since the 1970s and are only 50km from Cameco Corporation’s massive Rabbit Lake operations, which contain the Rabbit Lake, Collins Point, and Eagle Point uranium deposits.Rabbit Lake is one of North America’s longest-operating mines and has produced over 203 million pounds of yellow cake since opening in 1975. Eagle Point was known for its high-grade underground uranium deposits, which continued production until the mill was placed on care and maintenance in 2016.Infini is targeting what it describes as a large, system-scale footprint, including 80 kilometres of electromagnetic conductors and a highly prospective 15km by 3km northeast-southwest structural conductor corridor next to its new Titus prospect in the southern extremity of the tenement block.The corridor grabbed market attention in late March when Infini finalised its first-pass drill targets, flagging surface rock-chip assays up to 1.90 per cent uranium oxide at Titus. Titus sits hard up against that corridor and a priority electromagnetic target.The company’s earlier work in January highlighted the growing scale of the conductive network at Reitenbach. It reinforced its exploration model by linking lake-sediment uranium anomalies with regionally extensive electromagnetic conductors and key structural features.Infini will work alongside geological services contractor Archer Cathro and Rodren Drilling, while continuing its engagement with local First Nations group Ya’thi Néné Lands and Resources throughout the program.With the first drillholes set to probe the geological mysteries of the under-investigated outer margins of the renowned Athabasca Basin, Infini is finally about to find out what’s driving those big conductors at depth.As always, early drilling phases are often the time of truth, where models are proven or otherwise.However, with multiple coincident datasets lining up over an extensive target footprint, and other big uranium shows sitting within 100km, Infini looks well-placed to deliver new chapters in its Canadian story when it starts tripping core out from the holes.Is your ASX-listed company doing something interesting? Contact:matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629892862","isCrawlerRequest":true}