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Sasquatch Resources Corp. ( (TSE:SASQ) ) has provided an update.
Sasquatch Resources Corp. has announced updates on its three key projects: Santana, Blue Grouse, and Mount Sicker, all located in British Columbia. The company completed a grid sampling program at Santana and filed an assessment report for Blue Grouse, indicating progress in their exploration activities. At Mount Sicker, Sasquatch is exploring new strategic partnerships following a recent event that attracted interest from various parties. The company also terminated a previous agreement with Sulphide Remediation Inc. and plans to engage additional technical consultants to advance the project. These developments suggest a strategic shift and potential growth opportunities for Sasquatch in the mineral exploration industry.
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 mineral exploration company focused on its Mount Sicker Property in southern Vancouver Island, British Columbia, the Blue Grouse Property on the south side of Lake Cowichan, and the Santana Property on Quadra Island, British Columbia. The company holds interests in these properties, with specific rights to explore and process minerals, particularly focusing on waste rock and near-surface exposures.
Average Trading Volume: 37,054
Technical Sentiment Signal: Strong Buy
Learn more about SASQ stock on TipRanks’ Stock Analysis page.