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Libero Copper & Gold ( (TSE:CGNT) ) just unveiled an announcement.
Copper Giant Resources Corp. has closed a non-brokered private placement of 30 million units at $0.40 per unit, raising gross proceeds of $12 million, with each unit comprising one common share and one-half warrant exercisable at $0.60 until January 2029. The financing, which remains subject to final TSX Venture Exchange acceptance, will be used for working capital and general corporate purposes, involved significant insider participation classified as a related-party transaction under MI 61-101 but exempt from valuation and minority approval requirements, and included cash finder’s fees of $585,450 and the issuance of 1,463,625 finder’s warrants, underscoring continued financial backing for the company’s copper-focused growth strategy.
The most recent analyst rating on (TSE:CGNT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Libero Copper & Gold stock, see the TSE:CGNT Stock Forecast page.
Spark’s Take on TSE:CGNT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CGNT is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, widening losses, and significant cash burn) and a negative P/E, implying continued dependence on external financing. Offsetting factors include strong technical momentum (price above major moving averages with positive MACD) and a supportive stream of positive corporate events tied to Mocoa project progress and new funding.
To see Spark’s full report on TSE:CGNT stock, click here.
More about Libero Copper & Gold
Copper Giant Resources Corp., part of the Fiore Group, is a Canadian natural resources company focused on advancing high-quality copper projects beyond resource definition. Led by a team with experience taking major copper mines from discovery to construction, its current flagship asset is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas, which the company views as a district-scale opportunity aligned with the global energy transition.
Average Trading Volume: 1,299,894
Technical Sentiment Signal: Hold
Current Market Cap: C$88.25M
Find detailed analytics on CGNT stock on TipRanks’ Stock Analysis page.