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The latest announcement is out from American Pacific Mining ( (TSE:USGD) ).
American Pacific Mining has mailed its management information circular and proxy materials to shareholders ahead of its annual general and special meeting on February 25, 2026, where investors will vote on a court-approved plan of arrangement with ICG Silver & Gold Ltd. Under the proposed transaction, ICG will acquire 100% of the Tuscarora and Danny Boy projects by purchasing all shares of American Pacific’s subsidiaries that own these assets, in exchange for 11.5 million ICG common shares, of which 7.5 million will be distributed to American Pacific shareholders based on an exchange ratio determined at closing, with the company retaining the balance, and the board unanimously recommending that shareholders vote in favour of the deal, which would both streamline American Pacific’s portfolio and give its investors direct equity exposure to ICG.
The most recent analyst rating on (TSE:USGD) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on American Pacific Mining stock, see the TSE:USGD Stock Forecast page.
Spark’s Take on TSE:USGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:USGD is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing cash burn, and poor earnings quality despite recent positive net income). Technicals provide some support with price above key moving averages and positive MACD, but valuation remains a headwind due to a high P/E and no dividend support.
To see Spark’s full report on TSE:USGD stock, click here.
More about American Pacific Mining
American Pacific Mining Corp. is a Vancouver-based mineral exploration company focused on precious metals, with key assets including the Tuscarora and Danny Boy gold and silver projects held through its wholly owned subsidiaries Clearview Gold Inc. and American Pacific Mining (US) Inc. The company is listed on the CSE, OTCQX and FSE, and targets growth through exploration and strategic transactions in the North American precious metals sector.
Average Trading Volume: 434,279
Technical Sentiment Signal: Buy
Current Market Cap: C$55.87M
Find detailed analytics on USGD stock on TipRanks’ Stock Analysis page.