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Inventus Mining Secures Funding and Advances Pardo Project

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Inventus Mining Secures Funding and Advances Pardo Project

Confident Investing Starts Here:

Inventus Mining ( (TSE:IVS) ) has provided an update.

Inventus Mining Corp. announced that McEwen Mining has exercised 9,200,000 common share purchase warrants, generating $828,000 in proceeds. This funding will support Inventus’s 2025 bulk sampling program at the Pardo Gold Project, where grade control drilling has commenced to define mineralization zones for extraction. The company is also exploring the feasibility of processing bulk sample material at McEwen’s Stock Mill facility, potentially processing up to 45,000 tonnes over the next year.

Spark’s Take on TSE:IVS Stock

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

Inventus Mining’s overall stock score is primarily weighed down by severe financial weaknesses, including negative cash flows, high debt levels, and no revenue generation. The technical analysis provides some hope of a rebound, and recent corporate events suggest potential future improvements. However, significant risks remain due to poor current financial and valuation metrics.

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

More about Inventus Mining

Inventus Mining Corp. is a mineral exploration and development company focused on the Sudbury mining district in Ontario. The company holds a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project, with Pardo being the first significant paleoplacer gold discovery in North America.

YTD Price Performance: 12.50%

Average Trading Volume: 70,726

Technical Sentiment Signal: Hold

Current Market Cap: C$15.55M

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

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