Grizzly Discoveries Advances Exploration at Greenwood Project

Grizzly Discoveries ( (TSE:GZD) ) has provided an announcement.

Grizzly Discoveries has mobilized a crew to commence fieldwork at its Greenwood, BC Precious and Battery Metals Project, aiming to conduct trenching and drilling subject to financing. The company has also settled outstanding debts by issuing common shares and completed the Midway Mine Option, granting it a 100% interest in the Midway Mine Claims. The exploration at the Midway area targets copper-gold skarn and epithermal gold-silver deposits, with recent samples indicating high-grade mineralization potential. The company plans further exploration and drilling in late 2025 or early 2026, contingent on financing and weather conditions.

Spark’s Take on TSE:GZD Stock

According to Spark, TipRanks’ AI Analyst, TSE:GZD is a Underperform.

Grizzly Discoveries is facing severe financial difficulties, with no revenue and persistent losses impacting its performance. The technical analysis indicates a stagnant market sentiment, and the valuation reflects ongoing financial challenges. However, the company’s recent corporate actions, including a private placement and new drilling permits, offer some potential for future improvement. Overall, the stock score is low, indicating a need for substantial improvement in revenue generation and financial management.

To see Spark’s full report on TSE:GZD stock, click here.

More about Grizzly Discoveries

Grizzly Discoveries Inc. operates in the mining industry, focusing on the exploration and development of precious and battery metals. The company is particularly involved in projects located in the Greenwood District of British Columbia, where it targets high-grade gold, silver, copper, lead, and zinc deposits.

Average Trading Volume: 128,007

Technical Sentiment Signal: Sell

Current Market Cap: C$4.32M

See more insights into GZD stock on TipRanks’ Stock Analysis page.