Orestone Mining Updates on $600,000 Private Placement

Orestone Mining ( (TSE:ORS) ) has shared an announcement.

Orestone Mining Corp. announced an update on its non-brokered private placement, initially disclosed in April 2025, aiming to raise up to $600,000 through the sale of 13,333,333 units at $0.045 per unit. The closing of this offering is anticipated around May 28, 2025, pending conditional approval from the TSX Venture Exchange. The proceeds will be allocated to developing the Francisca property in Argentina, settling debts, and covering general administrative expenses. This move is expected to bolster Orestone’s operational capabilities and enhance its strategic positioning in the mining sector.

Spark’s Take on TSE:ORS Stock

According to Spark, TipRanks’ AI Analyst, TSE:ORS is a Neutral.

Orestone Mining’s stock score reflects substantial financial challenges, characterized by zero revenue and persistent losses. Despite technical indicators showing upward momentum, the stock is overvalued with a negative P/E ratio and no dividend yield. The recent acquisition of a gold property offers potential growth, but it remains speculative given the current financial instability.

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

More about Orestone Mining

Orestone Mining Corp. is a Canadian-based company with a management team experienced in the mining industry. The company focuses on gold, silver, and copper projects in Canada and Argentina. Their key projects include the Francisca property in Argentina, aimed at defining an oxide gold deposit, and the Captain gold-copper project in British Columbia, which is drill-ready. The Las Burras property in Argentina offers large-scale copper exposure.

Average Trading Volume: 211,205

Technical Sentiment Signal: Buy

Current Market Cap: C$4.01M

Find detailed analytics on ORS stock on TipRanks’ Stock Analysis page.