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Spruce Ridge Resources ( (TSE:SHL) ) has shared an update.
Homeland Nickel Inc. has appointed geotechnical engineer and mining entrepreneur Jordan Black as its new Corporate Secretary, following the resignation of former Corporate Secretary Errol Farr, who is stepping down to focus on his roles as CEO of two other public companies. Black brings experience as CEO and director of Ramp Metals, as a former geotechnical team lead at WSP Canada, and as a former vice president of business development at AI-driven exploration firm GoldSpot Discoveries, signaling Homeland’s intent to strengthen its governance and technical bench as it builds on recent operational momentum. In connection with his appointment, Black has been granted 500,000 stock options exercisable at $0.47 until January 26, 2029, aligning his incentives with long-term shareholder value.
The most recent analyst rating on (TSE:SHL) stock is a Hold with a C$0.46 price target. To see the full list of analyst forecasts on Spruce Ridge Resources stock, see the TSE:SHL Stock Forecast page.
Spark’s Take on TSE:SHL Stock
According to Spark, TipRanks’ AI Analyst, TSE:SHL is a Neutral.
The score is held back primarily by weak financial performance (no TTM revenue, ongoing losses, and negative free cash flow), partially offset by low leverage and positive equity. Technicals are a key positive with strong trend and momentum, while valuation remains constrained by negative earnings and no dividend support.
To see Spark’s full report on TSE:SHL stock, click here.
More about Spruce Ridge Resources
Homeland Nickel Inc. is a Canadian exploration-stage mining company focused on nickel, with its shares listed on the TSX Venture Exchange and OTC markets. Operating within the broader mining and resource exploration industry, the company is positioning itself to capitalize on demand for battery and industrial metals, where management experience in both traditional mining and technology-driven exploration is increasingly important.
Average Trading Volume: 1,103,968
Technical Sentiment Signal: Buy
Current Market Cap: C$106.3M
Learn more about SHL stock on TipRanks’ Stock Analysis page.