News VANCOUVER, British Columbia, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (ASX: MIO) (TSX-V: MMS) (OTCQB: MMSDF) (the Company or Macarthur) is pleased to announce that the Offer to subscribe for shares in the IPO of Infinity Mining Limited (Infinity) opened on 5 November 2021. The prospectus can be downloaded from the Infinity website here: www.infinitymining.com.au.
Macarthur Australia Limited, a subsidiary of Macarthur, as the majority shareholder, will work closely with Infinity to develop these assets to maximize shareholder value. The current commodities market is enjoying impressive gains, especially with copper, which recently traded at a five-year high and is up 38.09% over a one year period, lithium has exploded to the upside, up 398.72% over a one year period (source: https://tradingeconomics.com/commodity/copper). The timing to develop these assets is ideal and further diversifies Macarthur enhancing the opportunity to drive additional value to shareholders.