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An announcement from Eureka Lithium ( (TSE:ERKA) ) is now available.
Eureka Lithium Corp. has entered into a share purchase agreement to acquire Stairway Mining Inc., giving it 100% ownership of the Tyee titanium-vanadium project in Quebec’s Havre-St-Pierre region and the Cabin Lake silver-gold-zinc-lead project in British Columbia’s Golden Triangle, in exchange for 12 million Eureka common shares. The Tyee project covers 10,136 hectares in a titanium‑prospective, infrastructure-advantaged district and includes several historically explored targets, while Cabin Lake spans 2,363 hectares in one of Canada’s premier precious and base metals belts, broadening Eureka’s portfolio beyond lithium into a wider suite of critical and strategic minerals pending customary regulatory approvals.
The most recent analyst rating on (TSE:ERKA) stock is a Hold with a C$0.39 price target. To see the full list of analyst forecasts on Eureka Lithium stock, see the TSE:ERKA Stock Forecast page.
Spark’s Take on TSE:ERKA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ERKA is a Neutral.
The score is held down primarily by weak financial performance—no revenue, ongoing large losses, and sustained cash burn—despite the benefit of having no debt. Technicals are comparatively strong with the stock trading above major moving averages and positive momentum, but valuation remains challenged given the loss-making profile and lack of dividend support.
To see Spark’s full report on TSE:ERKA stock, click here.
More about Eureka Lithium
Eureka Lithium Corp. is a mineral exploration company and the largest lithium-focused landowner in northern Quebec’s Nunavik region, holding 100% interest in three lithium projects totaling 2,108 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium camps. The company’s claims, acquired from prospector Shawn Ryan, lie in a district that already hosts two operating nickel mines with deep-sea port access, positioning Eureka within an established northern Canadian mining corridor focused on battery and critical metals.
Average Trading Volume: 59,517
Technical Sentiment Signal: Buy
Current Market Cap: C$8.4M
For an in-depth examination of ERKA stock, go to TipRanks’ Overview page.