Infini Resources (ASX:I88) has significantly expanded its flagship Portland Creek Uranium Project in Newfoundland, Canada, following the acquisition of two adjacent mineral licences covering a combined 77km2.
The purchase increases Infini’s total landholding in the region to over 32,000 ha, representing a 30% expansion of the project footprint.
The newly acquired tenements are geologically aligned with existing licences, encompassing granite-dominant lithologies, key structural corridors, and high-priority radiometric trends highlighted during the recent Phase 2 drilling program, which has already identified visible uranium across multiple drillholes with spot pXRF readings up to 1.2% U.
Infini’s CEO, Rohan Bone, said the acquisition consolidates the company's strategic position over a potential district-scale uranium system and enables the integration of the new ground into an expanded 2026 exploration and drilling program.