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Sasquatch Resources Corp. ( (TSE:SASQ) ) has issued an update.
Sasquatch Resources has advanced permitting and technical work at its flagship Mount Sicker project in British Columbia, where it is targeting recovery of metals from an estimated 300,000 tonnes of historical waste rock while reclaiming the site. Recent milestones include an engineering report, a reclamation “path to closure,” extensive pile sampling and surveying, completion of XRT ore-sorting tests, and constructive community consultations with local government and First Nations.
The company is also broadening its project pipeline with additional legacy waste rock targets such as Blue Grouse, Copper Road, Santana, Slesse and the new Alberni Claims, several of which may host new discovery potential beyond the surface dumps. Strategic board and advisory additions, new agreements on funding and environmental efficiency analysis, an investor outreach mandate, and an MOU with a B.C. university on research and a potential legacy mine restoration centre all position Sasquatch to scale its waste-rock-to-value model and strengthen its standing in environmentally focused resource development.
Spark’s Take on TSE:SASQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:SASQ is a Neutral.
Sasquatch Resources Corp. is under pressure due to financial challenges, including no revenue and shrinking cash reserves. While technical indicators and corporate events suggest potential stability and growth, the lack of earnings and negative cash flow present significant risks. The absence of debt offers some flexibility, but the company needs to secure additional funds to improve its financial standing.
To see Spark’s full report on TSE:SASQ stock, click here.
More about Sasquatch Resources Corp.
Sasquatch Resources Corp. is a Canadian mining company focused on legacy mine sites and mineralized logging or mining roads. Its strategy targets recovery of high-grade gold, silver, copper, zinc and other critical minerals from historical waste rock dumps while simultaneously rehabilitating sites and mitigating environmental liabilities, using zero-discharge mineral sorting and reclamation processes.
Average Trading Volume: 89,304
Technical Sentiment Signal: Buy
Current Market Cap: C$5.67M
Learn more about SASQ stock on TipRanks’ Stock Analysis page.