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Cascada Silver Corp. ( (TSE:ATC) ) has provided an update.
ATERRA Metals Inc. has closed a non-brokered private placement raising $2.78 million through the issuance of 139 million units at $0.02 per unit, each consisting of one common share and half a warrant exercisable at $0.05 over 36 months. The company plans to use the proceeds to fund option payments and exploration work, including mapping, geophysical surveys and a Phase I drill program on its Totora Properties in Chile, where it will focus on infill and expansion drilling of several previously drilled copper-gold porphyries such as the Frontera Deposit, ahead of an anticipated NI 43-101-compliant resource estimate targeted for the third quarter of 2026; insiders participated in 13% of the financing, which was treated as a related-party transaction under Canadian securities rules but fell within available exemptions.
The most recent analyst rating on (TSE:ATC) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Cascada Silver Corp. stock, see the TSE:ATC Stock Forecast page.
Spark’s Take on TSE:ATC Stock
According to Spark, TipRanks’ AI Analyst, TSE:ATC is a Neutral.
The score is held down primarily by weak financial performance (no revenue, widening losses, and worsening cash burn). Technicals are comparatively stronger with positive momentum and price above key averages, but valuation remains constrained by ongoing losses and no dividend support.
To see Spark’s full report on TSE:ATC stock, click here.
More about Cascada Silver Corp.
ATERRA Metals Inc. is a mineral exploration company focused on copper-gold opportunities in Chile. Led by an experienced exploration team, the company aims to discover and advance mineral deposits into economically viable development projects, creating value for stakeholders through targeted exploration across its portfolio of properties.
Average Trading Volume: 1,371,405
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.32M
For a thorough assessment of ATC stock, go to TipRanks’ Stock Analysis page.