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Western Alaska Minerals Corp ( (TSE:WAM) ) just unveiled an announcement.
Alaska Silver Corp. announced the pricing of its offering of 18,460,000 units at US$0.65 per unit, aiming to raise approximately US$12 million. The proceeds will fund mineral exploration, debt repayment, and general working capital. Cantor Fitzgerald & Co. is leading the offering, with closing expected around October 3, 2025, subject to customary approvals. This move is expected to bolster the company’s financial position and support its exploration activities, potentially impacting its market standing and stakeholder interests.
Spark’s Take on TSE:WAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:WAM is a Neutral.
Western Alaska Minerals Corp shows significant weaknesses in financial performance, with no revenue, negative earnings, and reliance on external financing. The technical indicators signify a bearish trend, while valuation metrics highlight unattractiveness due to negative profitability and no dividends. The stability of the balance sheet provides some support, but overall, the stock faces considerable challenges.
To see Spark’s full report on TSE:WAM stock, click here.
More about Western Alaska Minerals Corp
Alaska Silver is a pioneer in North America’s emerging silver and critical minerals sector, focusing on the Illinois Creek Project, which includes a substantial mineral corridor with two deposits and a new discovery zone. The project spans 73,535 acres of fully owned land.
Average Trading Volume: 98,334
Technical Sentiment Signal: Buy
Current Market Cap: C$48.93M
For a thorough assessment of WAM stock, go to TipRanks’ Stock Analysis page.