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The latest update is out from Kuya Silver ( (TSE:KUYA) ).
Kuya Silver Corporation has announced a non-brokered private placement offering of up to 20,000,000 units at CAD$0.50 per unit, aiming to raise between CAD$5,000,000 and CAD$10,000,000. The proceeds will be used for exploration and development of the Bethania project and general working capital. The offering will close in multiple tranches, with the first expected by July 31, 2025, and is subject to necessary approvals. ECM Capital Advisors Ltd. will act as the financial advisor, potentially earning a cash commission and warrants.
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 developing district-scale silver projects in mining-friendly jurisdictions such as Peru and Canada.
Average Trading Volume: 229,136
Technical Sentiment Signal: Buy
Current Market Cap: C$60.69M
For detailed information about KUYA stock, go to TipRanks’ Stock Analysis page.