Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Highlander Silver ( (TSE:HSLV) ) has provided an announcement.
Highlander Silver has secured a US$40 million non-brokered private placement from strategic investor Eric Sprott, who will acquire more than 8 million common shares at C$6.80 each, subject to customary regulatory approvals and a four‑month hold period. The capital injection will bolster the company’s cash position to an expected US$100 million at closing and is earmarked to accelerate development of its San Luis gold-silver project and other mineral assets, reinforcing its growth trajectory and positioning in the high-grade precious metals sector ahead of its planned combination with Bear Creek Mining.
The most recent analyst rating on (TSE:HSLV) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Highlander Silver stock, see the TSE:HSLV Stock Forecast page.
More about Highlander Silver
Highlander Silver Corp. is a precious metals exploration and development company focused on advancing the bonanza-grade San Luis gold-silver project in central Peru, adjacent to the past-producing Pierina mine. San Luis hosts high-grade indicated mineral resources in both gold and silver, ranking among the top global projects by grade, and the company’s shareholder base includes the Augusta Group, the Lundin family and strategic investor Eric Sprott.
Average Trading Volume: 392,580
Technical Sentiment Signal: Buy
Current Market Cap: C$945.2M
See more insights into HSLV stock on TipRanks’ Stock Analysis page.