Kuya Silver Expands with Saudi Joint Venture

Kuya Silver ( (TSE:KUYA) ) has provided an update.

Kuya Silver Corporation has entered into a joint venture agreement with Sumou Holding Company for the Umm Hadid silver-gold project in Saudi Arabia. This agreement grants Kuya Silver a 5% non-dilutable interest in the project, with an option to acquire an additional 40% interest. The joint venture aims to conduct a 5,000-meter drill program starting in June, which could enhance Kuya Silver’s position in the silver mining industry by expanding its operations into the Middle East.

Spark’s Take on TSE:KUYA Stock

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

Kuya Silver’s stock score reflects its current financial challenges as a pre-revenue mining company, despite a strong equity position. Technical indicators show bullish momentum, yet overbought signals cause caution. Recent promising mineral discoveries offer potential upside, but the lack of immediate revenue remains a significant risk.

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

More about Kuya Silver

Kuya Silver is a Canadian-based, growth-oriented mining company focused on silver. It operates the Bethania silver mine in Peru and is involved in developing district-scale silver projects in mining-friendly jurisdictions such as Peru and Canada.

Average Trading Volume: 122,960

Technical Sentiment Signal: Sell

Current Market Cap: C$29.86M

For a thorough assessment of KUYA stock, go to TipRanks’ Stock Analysis page.