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Turmalina Metals Corp ( (TSE:KCP) ) has shared an announcement.
King Copper Discovery Corp. has announced a non-brokered private placement of 25 million units at $0.60 per unit to raise up to $15 million, with each unit comprising one common share and a two-year warrant exercisable at $0.98. The financing, expected to close on January 15, 2026 subject to TSX Venture Exchange approval, will fund general working capital and ongoing assessment and evaluation of multiple copper exploration and development opportunities across South America, underscoring the company’s efforts to advance its regional project pipeline and secure capital for future exploration activities.
The most recent analyst rating on (TSE:KCP) stock is a Hold with a C$0.90 price target. To see the full list of analyst forecasts on Turmalina Metals Corp stock, see the TSE:KCP Stock Forecast page.
Spark’s Take on TSE:KCP Stock
According to Spark, TipRanks’ AI Analyst, TSE:KCP is a Neutral.
The score is held back mainly by weak financial performance (no revenue, recurring losses, negative free cash flow, and negative equity). Technicals are a meaningful offset with price above major moving averages and positive MACD, while valuation remains unattractive due to negative earnings. A positive exploration update provides some support but is secondary to the current financial risk profile.
To see Spark’s full report on TSE:KCP stock, click here.
More about Turmalina Metals Corp
King Copper Discovery Corp. is a Vancouver-based mineral exploration company focused on copper exploration and development opportunities in South America, with current properties in Argentina and Peru. The company targets early-stage and advanced copper projects, positioning itself within the broader base metals and resources sector listed on the TSX Venture Exchange, OTCQB and Frankfurt Stock Exchange.
Average Trading Volume: 658,524
Technical Sentiment Signal: Buy
Current Market Cap: C$271.9M
See more data about KCP stock on TipRanks’ Stock Analysis page.