American Pacific Sells Palmer Project to Vizsla Copper for $15 Million

An announcement from American Pacific Mining ( (TSE:USGD) ) is now available.

American Pacific Mining Corp. has announced the sale of its Palmer Copper-Zinc VMS Project in southeast Alaska to Vizsla Copper Corp. for $15 million in equity, with potential additional milestone payments of up to $15 million. This strategic move aligns with American Pacific’s focus on maximizing shareholder value and positions Vizsla Copper to advance the project with its experienced leadership team. The acquisition is expected to enhance Vizsla’s standing as a leading North American critical minerals explorer, emphasizing the importance of sustainable operations and collaboration with local communities.

Spark’s Take on TSE:USGD Stock

According to Spark, TipRanks’ AI Analyst, TSE:USGD is a Neutral.

American Pacific Mining is facing significant financial challenges, primarily due to its lack of revenue and negative cash flow. While technical indicators show positive momentum, the company’s negative P/E ratio and lack of dividends are concerning from a valuation standpoint. The recent increase in copper resources at the Palmer Project is a positive corporate event, indicating potential for future growth. Overall, the stock presents a mixed picture with significant financial risks but some positive technical and corporate developments.

To see Spark’s full report on TSE:USGD stock, click here.

More about American Pacific Mining

American Pacific Mining Corp. operates in the mining industry, focusing on critical metals exploration and development. The company is involved in identifying and executing transactions that enhance shareholder value, with a market focus on high-grade mineral projects.

Average Trading Volume: 303,981

Technical Sentiment Signal: Buy

Current Market Cap: C$54.77M

Learn more about USGD stock on TipRanks’ Stock Analysis page.