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An announcement from Core Assets Corp. ( (TSE:CC) ) is now available.
Core Silver Corp. has successfully closed a non-brokered private placement offering, raising $4.5 million through the issuance of 6,000,000 flow-through units. The proceeds will be used to advance exploration activities at the Blue Property in British Columbia, with a focus on incurring expenses that qualify for Canadian exploration tax credits. This strategic move is expected to enhance Core Silver’s exploration capabilities and strengthen its position as a leading explorer in the Atlin Mining District.
Spark’s Take on TSE:CC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CC is a Neutral.
Core Assets Corp. is under significant financial strain due to its lack of revenue and persistent losses, which heavily weigh down its overall score. Technical analysis indicates bearish momentum, further adding to the stock’s challenges. Valuation metrics are unfavorable with a negative P/E ratio. However, the recent corporate discovery provides a positive outlook, offering a potential strategic opportunity for future growth.
To see Spark’s full report on TSE:CC stock, click here.
More about Core Assets Corp.
Core Silver Corp. is a Canadian mineral exploration company focused on acquiring and developing mineral projects in British Columbia, Canada. The company holds 100% ownership of the Blue Property in the Atlin Mining District, a historically significant gold mining area. Core Silver aims to leverage advancements in geological understanding to explore and potentially discover new mineral deposits in this region.
Average Trading Volume: 53,208
Technical Sentiment Signal: Hold
Current Market Cap: C$8.13M
For an in-depth examination of CC stock, go to TipRanks’ Overview page.