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Freegold Ventures ( (TSE:FVL) ) has shared an announcement.
Freegold Ventures Limited has increased the size of its previously announced brokered best-efforts private placement from approximately $30 million to up to about $50 million, following strong investor demand. The upsized offering will comprise up to 38,461,500 common shares at $1.30 per share, with Paradigm Capital acting as lead agent and sole bookrunner. Net proceeds are earmarked to complete a pre-feasibility study for the Golden Summit Project in Alaska, fund ongoing exploration, and provide general working capital, bolstering the company’s ability to advance the project through the next stage of technical evaluation. The financing is being conducted under the Listed Issuer Financing Exemption in Canada, meaning the shares will not be subject to a hold period in Canada, and closing is expected around January 6, 2026, subject to regulatory and listing approvals.
Spark’s Take on TSE:FVL Stock
According to Spark, TipRanks’ AI Analyst, TSE:FVL is a Neutral.
Freegold Ventures faces substantial financial challenges, with negative profitability and cash flow issues being the primary concerns. However, strong technical momentum and positive corporate developments, such as significant drilling results and financings, provide some positive outlook. The overall score reflects these mixed factors, with financial instability weighing heavily on the stock.
To see Spark’s full report on TSE:FVL stock, click here.
More about Freegold Ventures
Freegold Ventures Limited is a TSX-listed mineral exploration company focused on advancing gold projects in Alaska, with its flagship asset being the Golden Summit Project. The company is engaged in exploration and project development activities aimed at progressing its Alaskan properties through key technical and economic study stages.
Average Trading Volume: 766,944
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$762M
Learn more about FVL stock on TipRanks’ Stock Analysis page.