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The latest announcement is out from Pacific Empire Minerals ( (TSE:PEMC) ).
Pacific Empire Minerals Corp. has secured a three-year Mines Act Permit for its Trident property, allowing for extensive exploration activities including surface diamond drilling and road construction. This permit marks a significant milestone, enabling the company to advance its exploration of a high-priority copper-gold porphyry target that has remained largely untested due to historical access challenges. The Trident property, located in a geologically promising area known for copper-gold deposits, will see its first modern drill campaign, potentially enhancing Pacific Empire’s position in the mining industry and offering new opportunities for stakeholders.
Spark’s Take on TSE:PEMC Stock
According to Spark, TipRanks’ AI Analyst, TSE:PEMC is a Underperform.
The overall score for Pacific Empire Minerals is low due to significant financial struggles with no revenue, continuous losses, and reliance on external financing. The technical analysis also indicates bearish trends. Although the corporate events indicate potential for future resource development, the lack of current profitability and negative valuation metrics heavily weigh down the score.
To see Spark’s full report on TSE:PEMC stock, click here.
More about Pacific Empire Minerals
Pacific Empire Minerals Corp. is a copper-gold exploration company based in British Columbia, Canada. The company focuses on exploring and developing copper-gold porphyry systems, with a primary market focus on the Trident property in north-central British Columbia.
Average Trading Volume: 229,032
Technical Sentiment Signal: Buy
Current Market Cap: C$4.89M
For a thorough assessment of PEMC stock, go to TipRanks’ Stock Analysis page.