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Prisma Exploration Inc ( (TSE:GFT) ) has provided an announcement.
Grafton Resources has entered into a definitive option agreement to acquire 100% of the Alicahue Copper-Gold Project in Chile’s Valparaiso Region, a 3,500-hectare concession package located within a prolific metallogenic belt that hosts some of the country’s largest porphyry deposits. The five-year option requires US$4 million in exploration spending over four years and a US$3 million exercise payment, with the vendor retaining a 2% NSR royalty and additional resource-linked payments, while Grafton has also issued shares to the vendor and a finder as part of the deal. Management frames this acquisition as the cornerstone of a high-value Chilean copper and gold portfolio, highlighting Alicahue’s geological potential for a classic porphyry deposit and the planned mapping, sampling and airborne geophysical work in early 2026 as key steps to unlock value and enhance the company’s leverage to the current metals cycle.
Spark’s Take on TSE:GFT Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFT is a Underperform.
Prisma Exploration Inc. shows significant financial instability, with high leverage and negative cash flows. Technical indicators reflect low market momentum, and the lack of earnings makes valuation challenging. These factors combine to create a high-risk stock profile.
To see Spark’s full report on TSE:GFT stock, click here.
More about Prisma Exploration Inc
Grafton Resources is a Vancouver-based mineral exploration company focused on building a portfolio of copper and gold projects, with a strategic emphasis on Chile. The company targets assets in established metallogenic belts and aims to leverage what it views as a structural bull market in both metals, positioning itself in mining-friendly jurisdictions to attract investors seeking exposure to copper and gold exploration upside.
Average Trading Volume: 18,316
Technical Sentiment Signal: Buy
See more insights into GFT stock on TipRanks’ Stock Analysis page.