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Abitibi Metals ( (TSE:AMQ) ) has issued an announcement.
Abitibi Metals has launched its largest-ever drill campaign, a Phase 4 program of up to 40,000 metres at the B26 polymetallic deposit in Quebec’s Abitibi Greenstone Belt, aiming to systematically advance the project through 2026. The work, initially 15,000–20,000 metres over winter and scaling from one to three drill rigs, targets resource improvement within the existing envelope, expansion of copper-gold and zinc-silver mineralization at depth and along strike, and the company’s first regional drilling on the property to test district-scale potential. Building on strong Phase 3 results and backed by funding secured through 2027, the campaign is designed to enhance resource size, grade confidence and discovery potential at B26, supporting Abitibi Metals’ growth ambitions and strengthening its position in Quebec’s base and precious metals exploration space.
The most recent analyst rating on (TSE:AMQ) stock is a Hold with a C$0.43 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 anchored by mixed financials—strong, debt-free balance sheet but no revenue and ongoing losses/cash burn—partly offset by favorable technical momentum (price above key moving averages with positive MACD). Valuation is constrained by a negative P/E and lack of dividend yield.
To see Spark’s full report on TSE:AMQ stock, click here.
More about Abitibi Metals
Abitibi Metals Corp. is a Quebec-focused mineral exploration company concentrating on high-quality base and precious metal assets, notably copper, zinc, gold and silver. Its flagship B26 polymetallic project in the Abitibi Greenstone Belt hosts a substantial indicated and inferred resource and benefits from proximity to existing mining infrastructure, while its Beschefer Gold project offers additional exploration upside through historically strong gold intercepts.
Average Trading Volume: 557,763
Technical Sentiment Signal: Buy
Current Market Cap: C$73.52M
For a thorough assessment of AMQ stock, go to TipRanks’ Stock Analysis page.