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Western Alaska Minerals Corp ( (TSE:WAM) ) just unveiled an update.
Alaska Silver Corp has appointed Patrick Donnelly as Executive Vice President, bringing his extensive experience in mineral exploration, capital markets, and corporate development to the company. This strategic appointment is expected to enhance Alaska Silver’s operations, particularly in advancing the Illinois Creek Project, and is seen as a significant benefit to shareholders due to Donnelly’s understanding of the Alaskan business landscape.
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 Corp is engaged in pioneering North America’s next major silver and critical minerals district at the Illinois Creek Project. The project encompasses a prolific 8-km mineral corridor with two stand-alone deposits and a new Warm Springs discovery zone. The company is headquartered in Alaska and Arizona and is known for its high-grade silver mineralization at the Waterpump Creek zone and the historic Illinois Creek mine.
Average Trading Volume: 34,169
Technical Sentiment Signal: Buy
Current Market Cap: C$33.58M
For an in-depth examination of WAM stock, go to TipRanks’ Overview page.