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An announcement from IMPACT Silver ( (TSE:IPT) ) is now available.
IMPACT Silver Corp. has announced an increase in its ‘bought deal’ private placement, raising gross proceeds from C$8 million to C$13 million due to strong investor demand. The funds will be used to advance development and infrastructure at the Guadalupe mine, expand operations at the Plomosas mine, and for general corporate purposes, enhancing the company’s operational capabilities and extending mine life.
The most recent analyst rating on (TSE:IPT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on IMPACT Silver stock, see the TSE:IPT Stock Forecast page.
Spark’s Take on TSE:IPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:IPT is a Neutral.
IMPACT Silver’s strong corporate events and technical momentum are offset by weak financial performance and challenging valuation. The recent positive developments in exploration and funding significantly boost the company’s prospects.
To see Spark’s full report on TSE:IPT stock, click here.
More about IMPACT Silver
IMPACT Silver Corp. operates in the mining industry, focusing on the exploration and production of silver and other minerals. The company is primarily engaged in mining operations in Mexico, with key projects including the Guadalupe Production Centre and the Plomosas zinc-silver-lead mine.
Average Trading Volume: 490,323
Technical Sentiment Signal: Buy
Current Market Cap: C$105.4M
For detailed information about IPT stock, go to TipRanks’ Stock Analysis page.