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An update from Western Alaska Minerals Corp ( (TSE:WAM) ) is now available.
Alaska Silver Corp has announced the discovery of a new high-grade mineralized zone, Silver Sage, at its Illinois Creek project. This discovery, confirmed through surface trenching, pit sampling, and initial drilling, indicates significant exploration potential with high-grade silver and lead mineralization. The Silver Sage zone is seen as a major step forward for the company, suggesting a large, district-scale CRD system, which could enhance the company’s market positioning and attract further investment.
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 a mining company focused on the exploration and development of mineral resources in western Alaska. The company operates the Illinois Creek Carbonate Replacement Deposit project, which is 100% owned by the company.
Average Trading Volume: 240,145
Technical Sentiment Signal: Sell
Current Market Cap: C$52.5M
See more data about WAM stock on TipRanks’ Stock Analysis page.