Reflex Advanced Materials to Settle $45,000 Debt Through Share Issuance

Freedom Battery Metals, Inc. ( (TSE:RFLX) ) has shared an announcement.

Reflex Advanced Materials Corp. has entered into a debt settlement agreement with a service provider, under which it will extinguish $45,000 of debt by issuing 246,981 common shares at a deemed price of $0.1822 per share. The share issuance, which remains subject to approval by the Canadian Securities Exchange and will carry a standard four-month-plus-one-day hold period, underscores the company’s continued reliance on equity-based arrangements to manage its liabilities while preserving cash for its mineral exploration and development activities in the strategic metals and advanced materials sector.

The most recent analyst rating on (TSE:RFLX) stock is a Hold with a C$0.16 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 locating and potentially developing economic mineral properties in the strategic metals and advanced materials space. The company aims to enhance domestic specialty mineral infrastructure to support growing demand from North American manufacturers.

Average Trading Volume: 21,218

Technical Sentiment Signal: Sell

Current Market Cap: C$1.16M

For an in-depth examination of RFLX stock, go to TipRanks’ Overview page.