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Doubleview Gold ( (TSE:DBG) ) has issued an announcement.
Doubleview Gold Corp. has closed the first tranche of a non-brokered private placement, raising approximately $725,100 through the issuance of 557,769 non-flow-through units priced at $1.30 each, with attached warrants exercisable at $2.00 for 24 months. The proceeds will primarily support the company’s ongoing exploration program at its polymetallic Hat Project in northwestern British Columbia and provide general working capital, while the placement, which is still subject to final TSX Venture Exchange approval, underscores Doubleview’s continued effort to advance its critical minerals assets and strengthen its financial position for further project development.
The most recent analyst rating on (TSE:DBG) stock is a Buy with a C$1.39 price target. To see the full list of analyst forecasts on Doubleview Gold stock, see the TSE:DBG Stock Forecast page.
Spark’s Take on TSE:DBG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DBG is a Neutral.
Doubleview Gold’s position is typical for early-stage mining firms, facing financial challenges but bolstered by strong corporate developments and technical momentum. The absence of revenue and negative earnings weigh heavily, yet strategic partnerships and high-grade mineral findings offer future promise.
To see Spark’s full report on TSE:DBG stock, click here.
More about Doubleview Gold
Doubleview Gold Corp. is a Vancouver-based mineral resource exploration and development company listed on the TSX Venture Exchange, OTCQB and Frankfurt. The company focuses on identifying, acquiring and financing precious and base metal projects across North America, with a strong emphasis on British Columbia, targeting gold, copper, cobalt, scandium and silver using advanced exploration techniques to build its portfolio in the critical minerals sector.
Average Trading Volume: 600,978
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$226.6M
Learn more about DBG stock on TipRanks’ Stock Analysis page.