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Athena Gold ( (AHNRF) ) has provided an update.
Athena Gold Corporation has entered into an agreement with Firetail Resources Limited, granting Firetail the option to acquire an 80% interest in the Excelsior Springs Project in Nevada. This deal involves cash payments, share issuance, and a commitment to significant exploration expenditures by Firetail. Athena Gold will retain a 20% interest and benefit from royalties, positioning the company to focus on its Laird Lake project in Ontario, where field operations for 2025 have commenced.
Spark’s Take on AHNRF Stock
According to Spark, TipRanks’ AI Analyst, AHNRF is a Underperform.
Athena Silver’s overall stock score reflects significant financial weaknesses, primarily due to zero revenue and continuous losses. Despite positive corporate events and exploration prospects, the negative cash flows and weak technical indicators weigh heavily on the stock’s attractiveness. The potential growth from recent discoveries is a positive but secondary factor, given the company’s current financial challenges.
To see Spark’s full report on AHNRF stock, click here.
More about Athena Gold
Athena Gold Corporation operates in the mining industry, focusing on gold exploration and development. The company is engaged in projects primarily in North America, with a market focus on expanding its gold resources and enhancing shareholder value.
Average Trading Volume: 45,434
Technical Sentiment Signal: Hold
Current Market Cap: $8.52M
See more data about AHNRF stock on TipRanks’ Stock Analysis page.