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Sasquatch Resources Corp. ( (TSE:SASQ) ) has provided an announcement.
Sasquatch Resources Corp. has announced the acquisition of 14 mineral claims, known as the Slesse Gold Claims, covering approximately 1,989 hectares south of Chilliwack, British Columbia, near the USA border. This strategic move includes 11 claims acquired through an agreement with a company director, Justin Deveault, and an application for 3 additional claims. The acquisition aims to explore potential gold and mineral resources in the area, including historic mining sites. The company’s exploration efforts could enhance its market position by potentially uncovering valuable mineral deposits, which may have implications for stakeholders and future operations.
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. operates in the mining industry, focusing on the exploration and acquisition of mineral claims. The company is engaged in identifying and developing potential gold and mineral resources, primarily in British Columbia, Canada.
Average Trading Volume: 68,800
Technical Sentiment Signal: Sell
Current Market Cap: C$1.7M
For detailed information about SASQ stock, go to TipRanks’ Stock Analysis page.