Core Silver Corp. Completes $1.28 Million Private Placement to Fund Exploration

Core Assets Corp. ( (TSE:CC) ) has provided an announcement.

Core Silver Corp. has successfully closed a non-brokered private placement, raising a total of $1,282,000 through the issuance of 5,410,000 non-flow-through units and 800,000 flow-through units. The proceeds from the flow-through units will fund exploration expenses at the Blue Property in British Columbia, while the funds from the non-flow-through units will be used for general working capital. This strategic move is expected to bolster Core Silver’s exploration activities and strengthen its financial position, with significant participation from company insiders and major shareholders.

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 the acquisition and development of mineral projects in British Columbia, Canada. The Company currently holds 100% ownership in the Blue Property, which covers a land area of 114,074 hectares. The Blue Property is located in the Atlin Mining District, a notable gold mining area within the territories of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation.

Average Trading Volume: 24,294

Technical Sentiment Signal: Sell

Current Market Cap: C$3.69M

See more data about CC stock on TipRanks’ Stock Analysis page.