Infini Resources has pulled off a significant coup by completing a heavily subscribed $12 million capital raise, with $11m of it done at a 34 per cent premium to the last traded price.

The fresh cash will used to turbocharge uranium exploration across the company’s high-grade Portland Creek, Reynolds Lake and Reitenbach Lake projects in Canada.

The bulk of the funds, about A$11 million (C$10 million), were raised under Canada’s unique “flow-through share scheme” provisions, which allow investors to claim tax deductions up front against their income by funding exploration that qualifies as critical minerals expenditure.

In essence, the tax deductions that would otherwise have been claimed by the listed company flows through to the investor, making it still quite lucrative to pay over the

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