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

American Pacific Mining ( (TSE:USGD) ) has provided an announcement.

American Pacific Mining Corp. has completed the sale of its Palmer Copper-Zinc VMS Project in Alaska to Vizsla Copper Corp. for $15 million in equity, with potential milestone payments of up to $15 million. This transaction provides American Pacific with a significant equity stake in Vizsla Copper, allowing them to benefit from future exploration successes at the Palmer Project. The company aims to focus on its Madison Copper-Gold project in Montana while holding the Vizsla Copper shares for investment purposes.

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. is a precious and base metals explorer and developer focused on opportunities in the Western United States. The company’s flagship asset is the 100%-owned past-producing Madison Copper-Gold Project in Montana. American Pacific has been recognized as a finalist for ‘Deal of the Year’ at the S&P Global Platts Metals Awards in 2021 and 2022.

Average Trading Volume: 288,760

Technical Sentiment Signal: Sell

Current Market Cap: C$41.63M

For an in-depth examination of USGD stock, go to TipRanks’ Overview page.