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Aftermath Silver ( (TSE:AAG) ) just unveiled an announcement.
Aftermath Silver has closed a brokered, best-efforts private placement of 22,222,250 common shares, raising gross proceeds of approximately $20 million, with participation from notable investor Eric Sprott. Conducted under the listed issuer financing exemption, the offering provides freely tradable shares in Canada and remains subject to final TSX Venture Exchange approval, while a related party acquired a significant portion of the shares under exemptions from valuation and minority approval rules. Net proceeds will be directed toward further exploration and development at the flagship Berenguela silver-copper-manganese project in Peru, completion of a pre-feasibility study there, additional work on the company’s other mineral assets, and general working capital, strengthening Aftermath’s financial position to advance its project pipeline.
Spark’s Take on TSE:AAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:AAG is a Neutral.
Aftermath Silver’s overall stock score reflects significant financial challenges due to a lack of revenue and persistent losses. While corporate events signal potential improvements in strategic positioning and resource base, the stock’s technical indicators and valuation metrics suggest caution. The lack of profitability and operational cash flow are key concerns that overshadow the positive developments in corporate strategy and project advancements.
To see Spark’s full report on TSE:AAG stock, click here.
More about Aftermath Silver
Aftermath Silver Ltd. is a Canadian junior exploration company focused on silver and critical metals, aiming to create shareholder value through the discovery, acquisition and development of projects in stable jurisdictions. Its portfolio includes the Berenguela silver-copper-manganese project in southern Peru, the Challacollo silver-gold project in Chile and the Cachinal silver-gold project near Antofagasta, providing a pipeline of assets at various stages of advancement selected for their growth and development potential.
Average Trading Volume: 1,363,649
Technical Sentiment Signal: Buy
Current Market Cap: C$280.4M
See more data about AAG stock on TipRanks’ Stock Analysis page.