Kuya Silver Secures CAD$7.93 Million in Private Placement for Bethania Project

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

Kuya Silver Corporation announced the first tranche closing of its non-brokered private placement, issuing 15,860,000 units at CAD$0.50 per unit, raising CAD$7,930,000. The proceeds will be used for exploration and development of the Bethania project and general working capital. This move strengthens Kuya Silver’s financial position, supporting its growth strategy in the silver mining industry.

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. The company operates the Bethania silver mine in Peru and is developing district-scale silver projects in mining-friendly jurisdictions, including Peru and Canada.

Average Trading Volume: 279,258

Technical Sentiment Signal: Buy

Current Market Cap: C$52.8M

Learn more about KUYA stock on TipRanks’ Stock Analysis page.