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An announcement from Bravada Gold ( (TSE:BVA) ) is now available.
Bravada Gold Corporation has increased the size of its previously announced non-brokered private placement, now planning to issue up to 40 million units at $0.04 per unit to raise gross proceeds of up to $1.6 million, with each unit comprising one common share and a three-year warrant exercisable at $0.05, and with an additional 10% over-allotment option. The company intends to allocate most of the net proceeds to advancing a pre-feasibility study for its Wind Mountain gold-silver deposit in northwest Nevada, with the remainder earmarked for land-holding costs and general working capital, signaling a push to de-risk and advance its flagship project while reinforcing its position in the Nevada precious metals sector, subject to TSX Venture Exchange approval and standard hold periods on the new securities.
The most recent analyst rating on (TSE:BVA) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Bravada Gold stock, see the TSE:BVA Stock Forecast page.
Spark’s Take on TSE:BVA Stock
According to Spark, TipRanks’ AI Analyst, TSE:BVA is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), despite the benefit of zero debt. Technicals are mildly supportive with neutral momentum, while valuation remains constrained by unprofitability and no dividend. Corporate events provide a modest uplift due to resource expansion and project advancement, but financing needs add risk.
To see Spark’s full report on TSE:BVA stock, click here.
More about Bravada Gold
Bravada Gold Corporation is a long-established mineral exploration and development company focused on gold and silver projects in Nevada, one of the world’s leading mining jurisdictions. Operating with a modified joint-venture model, the company advances a portfolio of eight high-quality properties totaling 756 claims across major Nevada gold trends, underpinned by a substantial resource at its flagship Wind Mountain gold-silver deposit, which has a positive 2022 preliminary economic assessment and ongoing pre-feasibility work, while seeking additional upside through new discoveries and partnerships with other mining companies.
Average Trading Volume: 380,846
Technical Sentiment Signal: Buy
Current Market Cap: C$8.28M
For an in-depth examination of BVA stock, go to TipRanks’ Overview page.