Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Nickel North Exploration ( (TSE:NNX) ).
Nickel North Exploration has identified strong scandium and vanadium anomalies in soil, rock and historical core samples at its Hawk Ridge copper-nickel-PGE project in Northern Quebec, with assays returning scandium values up to 83 ppm and vanadium values up to 378 ppm and showing a strong positive correlation between the two metals across multiple sample types. The new scandium signature, alongside previously defined copper, nickel, cobalt, palladium, platinum and gold anomalies, expands the project’s exploration potential, points to possible rare earth element mineralization and will be incorporated into updated geological and mineralization models to guide 2026 fieldwork, including REE assays and extraction studies that could add byproduct value and enhance Hawk Ridge’s positioning in the critical metals supply chain.
The most recent analyst rating on (TSE:NNX) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Nickel North Exploration stock, see the TSE:NNX Stock Forecast page.
Spark’s Take on TSE:NNX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NNX is a Neutral.
The score is held down primarily by very weak financial performance (pre-revenue, ongoing losses, negative free cash flow, and deeply negative equity with debt). Technicals are a partial offset with strong trend indicators, but overbought signals increase downside risk. Valuation remains unattractive/unclear due to negative earnings and no dividend.
To see Spark’s full report on TSE:NNX stock, click here.
More about Nickel North Exploration
Nickel North Exploration Corp. is a Canada-based mineral exploration company focused on defining copper, nickel, cobalt and platinum group element resources at its Hawk Ridge Project in Northern Quebec. The property comprises a 50 km belt of magmatic Cu-Ni-Co-PGE occurrences over 179.67 km² in a mining-friendly Quebec jurisdiction, and the company emphasizes sustainable development and cooperation with local Inuit communities. Nickel North has been recognized by Quebec’s Ministry of Economy as a key player in the province’s critical and strategic minerals value chain.
Average Trading Volume: 87,613
Technical Sentiment Signal: Buy
Current Market Cap: C$6.33M
For a thorough assessment of NNX stock, go to TipRanks’ Stock Analysis page.