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Great Atlantic Resources ( (TSE:GR) ) has shared an announcement.
Great Atlantic Resources reported new stream sediment sampling results from its 100%-owned Kagoot Brook Cobalt Property in northern New Brunswick, confirming a 900-meter-long section of cobalt anomalies along an eastern tributary. Ten of eleven 2024 samples exceeded 100 ppm cobalt, with five consecutive samples over roughly 390 meters returning highly anomalous values between 360 ppm and 610 ppm, alongside elevated zinc and nickel.
These results corroborate historic government and industry data showing strong cobalt anomalies in the area, reinforcing Kagoot Brook’s potential as a cobalt-bearing exploration target. The company has not yet identified the bedrock source of the anomalies but plans focused prospecting, rock and soil geochemical work, geophysical surveys near the most anomalous samples, and additional stream sediment sampling on a second tributary in 2026, which could further define the project’s exploration upside.
The most recent analyst rating on (TSE:GR) stock is a Sell with a C$0.12 price target. To see the full list of analyst forecasts on Great Atlantic Resources stock, see the TSE:GR Stock Forecast page.
Spark’s Take on TSE:GR Stock
According to Spark, TipRanks’ AI Analyst, TSE:GR is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses and cash burn, and negative equity). Technicals provide meaningful near-term support (price above major moving averages and positive MACD), while valuation is constrained by unprofitability and the absence of a dividend yield.
To see Spark’s full report on TSE:GR stock, click here.
More about Great Atlantic Resources
Great Atlantic Resources Corp. is a Canadian mineral exploration company focused on critical and base metals, including cobalt, zinc and nickel, with projects in Atlantic Canada. The company targets geochemical and structural anomalies in underexplored regions, aiming to advance prospects that could support emerging battery and technology metal supply chains.
Average Trading Volume: 203,289
Technical Sentiment Signal: Buy
Current Market Cap: C$7.57M
For a thorough assessment of GR stock, go to TipRanks’ Stock Analysis page.