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C3 Metals ( (TSE:CCCM) ) just unveiled an announcement.
C3 Metals has upsized its previously announced bought deal private placement to raise gross proceeds of approximately $24.3 million through the issuance of 22.13 million common shares at $1.10 per share, with an additional underwriters’ option that could bring in up to $3.65 million more. The capital will be directed primarily to exploration and development at its 100%-owned Khaleesi copper-gold project and 50%-owned Super Block project, as well as for general working capital, marking a significant funding boost for its core assets in Peru and Jamaica; the offering, led by Paradigm Capital, is expected to close in February subject to regulatory approvals and may involve insider participation under minority protection rules, potentially strengthening the company’s balance sheet and advancing its project pipeline in a competitive copper-gold exploration landscape.
The most recent analyst rating on (TSE:CCCM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on C3 Metals stock, see the TSE:CCCM Stock Forecast page.
Spark’s Take on TSE:CCCM Stock
According to Spark, TipRanks’ AI Analyst, TSE:CCCM is a Neutral.
The score is held down primarily by weak financial performance (ongoing losses and consistent negative free cash flow), with only partial offset from a debt-free, better-capitalized balance sheet. Technicals are neutral-to-soft, valuation support is limited due to negative earnings and no dividend, while recent positive exploration events provide a modest uplift.
To see Spark’s full report on TSE:CCCM stock, click here.
More about C3 Metals
C3 Metals Inc. is a mineral exploration company focused on discovering and developing large copper and gold deposits. The company controls approximately 31,000 hectares in Peru’s high‑grade Andahuaylas-Yauri Porphyry-Skarn belt, hosting its Jasperoide and Khaleesi projects, with mineralization analogous to major regional mines such as Las Bambas, Constancia and Antapaccay, and has published a maiden resource at Jasperoide. C3 Metals is also advancing a sizeable portfolio of copper-gold targets in Jamaica, where it holds 100% interests in extensive exploration licences covering multiple porphyry, epithermal and volcanic redbed copper prospects.
Average Trading Volume: 55,399
Technical Sentiment Signal: Buy
Current Market Cap: C$121.9M
See more insights into CCCM stock on TipRanks’ Stock Analysis page.