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An update from Metallis Resources ( (TSE:MTS) ) is now available.
Metallis Resources has outlined an expanded 2026 exploration program at its Greyhound Property in Idaho after completing the project’s first drill campaign and additional surface sampling. The Greyhound shear remains largely untested, but recent work, including a rock sample grading 2,882 g/t silver equivalent from the Republican Showing, underscores the property’s high-grade potential and existing infrastructure advantages.
Drilling at the Birdie target did not yield significant mineralization in the secondary shear structure, but it improved the company’s understanding of structural controls and post-mineral intrusions across the project. Metallis is now planning more extensive drilling, including step-out and deeper holes at the 1350 Zone and other high-priority targets, as it evaluates development pathways that could shorten the transition from exploration toward potential extraction in a favourable silver price environment.
The most recent analyst rating on (TSE:MTS) stock is a Sell with a C$0.19 price target. To see the full list of analyst forecasts on Metallis Resources stock, see the TSE:MTS Stock Forecast page.
Spark’s Take on TSE:MTS Stock
According to Spark, TipRanks’ AI Analyst, TSE:MTS is a Neutral.
The score is primarily constrained by poor financial performance (pre-revenue, widening losses and negative free cash flow), reinforced by bearish technical signals (price below major moving averages and negative MACD). Valuation is neutral because negative earnings make P/E less informative and no dividend yield is available.
To see Spark’s full report on TSE:MTS stock, click here.
More about Metallis Resources
Metallis Resources Inc. is a Vancouver-based mineral exploration company focused on advancing the Greyhound silver-gold project in central Idaho, U.S. The property hosts a 3.5-kilometre-long shear zone with high-grade silver, gold, antimony and base metals in narrow but extensive veins, situated on patented mining claims that provide secure tenure and potential development flexibility.
Average Trading Volume: 183,902
Technical Sentiment Signal: Sell
Current Market Cap: C$13.72M
See more data about MTS stock on TipRanks’ Stock Analysis page.