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Harvest Gold Announces $2.2 Million Private Placement for Exploration Expansion

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Harvest Gold Announces $2.2 Million Private Placement for Exploration Expansion

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Harvest Gold ( (TSE:HVG) ) has shared an update.

Harvest Gold Corporation has announced a non-brokered private placement to raise approximately $2.2 million, subject to TSX Venture Exchange approval. The funds will be raised through the issuance of units and charity flow-through units, with proceeds directed towards the company’s 2025 drilling campaign, exploration expenses, and general working capital. This strategic move is expected to bolster Harvest Gold’s exploration activities in Québec, potentially enhancing its market position and stakeholder value.

Spark’s Take on TSE:HVG Stock

According to Spark, TipRanks’ AI Analyst, TSE:HVG is a Neutral.

Harvest Gold’s overall stock score of 52 reflects a challenging financial situation with no revenue and ongoing losses. However, positive technical indicators and strategic corporate events provide some optimism. The stock’s unattractive valuation further limits its appeal. Improvements in financial performance and successful exploration outcomes are needed for a more favorable stock outlook.

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

More about Harvest Gold

Harvest Gold Corporation operates in the mining industry, focusing on gold exploration. The company has three active gold projects in the Urban Barry area, covering 329 claims over 17,539.25 hectares, located near the Gold Fields Windfall Deposit. Harvest Gold is committed to fostering positive relationships with local Indigenous communities.

Average Trading Volume: 241,772

Technical Sentiment Signal: Buy

Current Market Cap: C$10.14M

Find detailed analytics on HVG stock on TipRanks’ Stock Analysis page.

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