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Bonanza Mining Corporation ( (TSE:BNZ) ) has shared an update.
Bonanza Mining Corporation is proceeding with a one-for-three share consolidation that will reduce its issued and outstanding shares from about 67 million to roughly 22.4 million, with proportional adjustments to its stock options and warrants and no change to its name or ticker. Operationally, the company plans a roughly $1.5 million 2026 drilling program on its MC property to test defined geophysical and geochemical targets, advances the Frog and Shag property acquisitions pending exchange approval, and has bolstered its balance sheet through a recently completed $300,000 non-brokered private placement, positioning the explorer to continue developing key assets while remaining open to additional growth opportunities.
More about Bonanza Mining Corporation
Bonanza Mining Corporation is a Vancouver-based mineral exploration company focused on precious and base metal projects in British Columbia. Its portfolio includes the MC property in the Golden Triangle near Stewart, B.C., where prior work has outlined gold, silver, lead, zinc and copper anomalies, as well as the recently acquired Frog and Shag properties in northern British Columbia, targeting potential porphyry and related mineral systems.
Average Trading Volume: 45,270
Technical Sentiment Signal: Buy
Current Market Cap: C$2.57M
Find detailed analytics on BNZ stock on TipRanks’ Stock Analysis page.