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Huntsman Exploration ( (TSE:LXM) ) has issued an announcement.
Lux Metals Corp. has closed the first tranche of its previously announced non-brokered private placement, raising total gross proceeds of $3.75 million through the issuance of 18.75 million units at $0.20 per unit, each comprising one common share and one transferable warrant exercisable at $0.40 until January 26, 2028. The company plans to use the proceeds primarily for exploration expenditures and general working capital, while also paying $119,840 in finder’s fees and issuing 599,200 finder’s warrants; the financing strengthens Lux Metals’ balance sheet and provides capital to advance its exploration activities, with all securities subject to a regulatory hold period expiring May 27, 2026.
The most recent analyst rating on (TSE:LXM) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Huntsman Exploration stock, see the TSE:LXM Stock Forecast page.
Spark’s Take on TSE:LXM Stock
According to Spark, TipRanks’ AI Analyst, TSE:LXM is a Neutral.
The score is held back primarily by very weak financial performance (no revenue, ongoing losses, and persistent negative free cash flow, with equity instability). This is partially offset by strong recent technical momentum (price above key moving averages with positive MACD). Valuation is neutral-to-weak given the negative P/E and no dividend yield support.
To see Spark’s full report on TSE:LXM stock, click here.
More about Huntsman Exploration
Lux Metals Corp., listed on the TSX Venture Exchange under the symbol LXM, is a Vancouver-based mineral exploration company operating in the metals sector. The company focuses on advancing exploration-stage projects and relies on equity financings to fund exploration programs and maintain general working capital needs.
Average Trading Volume: 195,376
Technical Sentiment Signal: Buy
Current Market Cap: C$10.4M
See more insights into LXM stock on TipRanks’ Stock Analysis page.