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Metallis Resources ( (TSE:MTS) ) has provided an update.
Metallis Resources has launched a non-brokered private placement of up to $1.1 million, combining non-flow-through units with warrants and flow-through shares earmarked for Canadian exploration expenses. Proceeds will fund work across its Kirkham and Greyhound properties, subject to regulatory approvals and TSXV acceptance.
The company plans a renewed 2026 field program at Kirkham after previously prioritizing Greyhound, driven by improved market conditions and stronger gold and copper prices. Detailed mapping, geochemical sampling, trenching, geophysical surveys and data reinterpretation are aimed at advancing multiple gold-copper targets at Kirkham, while a VLF geophysical survey at Greyhound will refine structural targets ahead of potential trenching and drilling, potentially strengthening Metallis’s exploration pipeline in the Golden Triangle and Nunavut.
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 gold and copper projects in Canada. Its key assets include the wholly owned Kirkham Property in British Columbia’s Golden Triangle and the Greyhound Project, where it targets large-scale precious and base metal deposits near existing and historic mines.
Average Trading Volume: 183,934
Technical Sentiment Signal: Sell
Current Market Cap: C$14.57M
Find detailed analytics on MTS stock on TipRanks’ Stock Analysis page.