Capitan Silver Secures $20 Million Financing for Cruz de Plata Project

Capitan Silver ( (TSE:CAPT) ) just unveiled an announcement.

Capitan Silver Corp. has announced a $20 million bought deal financing agreement with Stifel Canada to fund exploration activities at its Cruz de Plata gold-silver project. The offering involves the private placement of 9,855,000 common shares at C$2.03 each, with an option for underwriters to purchase additional shares. The proceeds will support exploration and general corporate purposes, with the offering expected to close by December 17, 2025, subject to regulatory approvals.

The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.

Spark’s Take on TSE:CAPT Stock

According to Spark, TipRanks’ AI Analyst, TSE:CAPT is a Neutral.

Capitan Mining’s overall stock score reflects significant financial challenges due to zero revenue and negative cash flows, outweighed by relatively strong technical indicators and promising corporate events involving strategic exploration and financing initiatives. However, the lack of profitability as indicated by the negative P/E ratio and absence of dividend yield is a concern.

To see Spark’s full report on TSE:CAPT stock, click here.

More about Capitan Silver

Capitan Silver Corp. is focused on defining a high-grade silver system at its Cruz de Plata project in Mexico’s primary silver belt. The company is led by an experienced management team with a track record of advancing projects into production efficiently. Capitan Silver maintains a tight share structure, with significant ownership by its top three shareholders, and is actively drilling at its fully funded Cruz de Plata Silver project.

YTD Price Performance: 693.33%

Average Trading Volume: 125,567

Technical Sentiment Signal: Buy

Current Market Cap: C$271.9M

For a thorough assessment of CAPT stock, go to TipRanks’ Stock Analysis page.