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Abitibi Metals ( (TSE:AMQ) ) has shared an update.
Abitibi Metals has reported a substantial upgrade to the mineral resource estimate at its B26 polymetallic deposit, lifting indicated resources to 13.0 million tonnes at 2.1% copper equivalent and inferred resources to 12.3 million tonnes at 2.2% copper equivalent, reflecting meaningful tonnage and metal content growth versus its 2024 estimate. Contained copper, gold, silver and zinc have all increased—by 40%, 22%, 21% and 9% respectively—under conservative metal price assumptions, while mineralization remains open laterally and at depth, supported by a fully funded 40,000‑metre Phase 4 drill program now underway. The scale and continuity now demonstrated at B26 strengthen its role as a cornerstone copper-gold VMS asset in the Abitibi Greenstone Belt and underscore Abitibi Metals’ ambition to build a larger critical-minerals platform, with ongoing resource expansion drilling and new regional exploration expected to further enhance its growth profile and attractiveness within Québec’s mining sector.
The most recent analyst rating on (TSE:AMQ) stock is a Hold with a C$0.76 price target. To see the full list of analyst forecasts on Abitibi Metals stock, see the TSE:AMQ Stock Forecast page.
Spark’s Take on TSE:AMQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMQ is a Neutral.
The score is driven primarily by a strong, debt-free balance sheet but offset by no revenue, widening losses, and ongoing cash burn. Technicals are supportive on trend but show very overbought momentum, while valuation is constrained by negative earnings and no dividend data.
To see Spark’s full report on TSE:AMQ stock, click here.
More about Abitibi Metals
Abitibi Metals Corp. is an emerging critical minerals company focused on copper-gold volcanogenic massive sulphide (VMS) mineralization in the Abitibi Greenstone Belt of Québec. Its flagship asset is the B26 polymetallic deposit, where the company currently holds a 50% interest with an option to earn an additional 30% from SOQUEM, positioning Abitibi as a growing player in the regional copper, zinc, gold and silver mining space.
Average Trading Volume: 708,680
Technical Sentiment Signal: Buy
Current Market Cap: C$116.1M
Find detailed analytics on AMQ stock on TipRanks’ Stock Analysis page.