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The latest update is out from Cartier Resources ( (TSE:ECR) ).
Cartier Resources Inc. has initiated a metallurgical testwork program on samples from its Cadillac Project in Val-d’Or, Quebec. The program aims to define gold recovery rates, establish metallurgical data for satellite deposits, and support the development of an integrated process flowsheet. Results are expected in Q1 2026. In addition, Cartier is undertaking a 100,000-meter drilling program to expand known gold zones and test new targets along the Cadillac Fault Zone, alongside environmental studies to assess the economic potential of the Chimo mine tailings.
Spark’s Take on TSE:ECR Stock
According to Spark, TipRanks’ AI Analyst, TSE:ECR is a Underperform.
Cartier Resources faces substantial financial difficulties, with no revenue or profitability, which severely impacts its stock score. While technical indicators and recent corporate events show some promise, particularly in exploration efforts, the overall financial health remains a significant concern, limiting the stock’s attractiveness.
To see Spark’s full report on TSE:ECR stock, click here.
More about Cartier Resources
Cartier Resources Inc. operates in the mining industry, focusing on the exploration and development of gold deposits. The company’s primary project, the Cadillac Project, is located in Val-d’Or, Quebec, and includes the historic Chimo Mine. Cartier Resources is committed to expanding its gold resource base through extensive exploration and metallurgical testing.
Average Trading Volume: 596,444
Technical Sentiment Signal: Buy
Current Market Cap: C$86.34M
Find detailed analytics on ECR stock on TipRanks’ Stock Analysis page.