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Freedom Battery Metals, Inc. ( (TSE:RFLX) ) just unveiled an update.
Reflex Advanced Materials Corp. has entered into agreements to settle $420,000 of outstanding debt owed to an officer, service provider and consultants through the issuance of 2.8 million units, each consisting of one common share and one share purchase warrant. The transaction, which includes a related-party component but falls below the thresholds requiring a formal valuation and minority approval, is subject to Canadian Securities Exchange approval and will result in new equity and warrants with a two-year term, potentially strengthening the company’s balance sheet while diluting existing shareholders.
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 properties in strategic metals and advanced materials. The company aims to enhance domestic specialty mineral infrastructure to support growing demand from North American manufacturers for critical and specialty minerals.
Average Trading Volume: 20,106
Technical Sentiment Signal: Sell
Current Market Cap: C$1.22M
For a thorough assessment of RFLX stock, go to TipRanks’ Stock Analysis page.