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Freedom Battery Metals, Inc. ( (TSE:RFLX) ) just unveiled an announcement.
Reflex Advanced Materials Corp. plans to raise up to C$200,000 through a non-brokered private placement of units priced at C$0.175, each consisting of one common share and one warrant exercisable at C$0.23 for 24 months. The proceeds are earmarked for working capital and general corporate purposes, with the financing subject to Canadian Securities Exchange approval and a standard four-month-plus-one-day hold period on the securities, underscoring the company’s ongoing efforts to fund its strategic metals and advanced materials exploration activities and strengthen its position in the domestic critical minerals supply chain.
The most recent analyst rating on (TSE:RFLX) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Freedom Battery Metals, Inc. stock, see the TSE:RFLX Stock Forecast page.
Spark’s Take on TSE:RFLX Stock
According to Spark, TipRanks’ AI Analyst, TSE:RFLX is a Neutral.
The score is primarily weighed down by weak financial performance: no revenue, ongoing losses, negative equity, and continued negative free cash flow (despite a clear improvement in cash burn). Technicals also remain unfavorable with the stock in a broad downtrend and negative MACD, while valuation signals are limited due to negative earnings and no dividend support.
To see Spark’s full report on TSE:RFLX stock, click here.
More about Freedom Battery Metals, Inc.
Reflex Advanced Materials Corp. is a British Columbia-based mineral exploration company focused on identifying and potentially developing economic mineral properties in the strategic metals and advanced materials space. The company targets improving domestic specialty mineral infrastructure to support surging demand from North American manufacturers for critical materials.
Average Trading Volume: 19,481
Technical Sentiment Signal: Sell
Current Market Cap: C$1.1M
For an in-depth examination of RFLX stock, go to TipRanks’ Overview page.