Metals Creek Resources Announces $400,000 Private Placement for Exploration

Metals Creek Resources ( (TSE:MEK) ) has issued an update.

Metals Creek Resources Corp. announced a non-brokered private placement to raise up to $400,000 through the issuance of flow-through and non flow-through units. The funds will support exploration activities on their Newfoundland and Ontario properties, including the Ogden project, and are subject to TSX Venture Exchange approval.

Spark’s Take on TSE:MEK Stock

According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Underperform.

Metals Creek Resources faces significant financial difficulties, with persistent losses and a lack of revenue generation being the primary concerns. While recent corporate developments offer some hope for future growth, the technical and valuation metrics remain unfavorable, resulting in a low overall stock score.

To see Spark’s full report on TSE:MEK stock, click here.

More about Metals Creek Resources

Metals Creek Resources Corp. is a junior exploration company based in Ontario, Canada, with a focus on gold and copper projects. The company has a 50% interest in the Ogden Gold Property, which includes the former Naybob Gold mine, and has recently completed drilling on its Tillex Copper Project.

Average Trading Volume: 70,470

Technical Sentiment Signal: Sell

Current Market Cap: C$4.67M

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