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Scottie Resources Corp ( (TSE:SCOT) ) has issued an update.
Scottie Resources Corp. announced a non-brokered private placement offering of up to 10,981,308 charitable flow-through shares at $2.14 per share, aiming to raise $23.5 million. The proceeds will be used for Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia, with a focus on diamond drilling and field work during the 2026 field season. This move is expected to advance the company’s operations and strengthen its position in the mining industry, particularly in the prolific Golden Triangle region.
Spark’s Take on TSE:SCOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCOT is a Neutral.
Scottie Resources Corp’s stock score reflects the company’s challenging financial performance, with no operational revenue and ongoing losses. While the absence of debt and recent positive corporate developments provide some support, these factors are overshadowed by the bearish technical indicators and negative valuation metrics. The new project launch offers a glimmer of hope but requires successful execution to positively impact the stock.
To see Spark’s full report on TSE:SCOT stock, click here.
More about Scottie Resources Corp
Scottie Resources Corp. is a mining company with a 100% interest in the Scottie Gold Mine Property, including the Blueberry Contact Zone and the high-grade, past-producing Scottie Gold Mine. The company also owns the Georgia Project, Cambria Project properties, and the Sulu and Tide North properties, covering approximately 58,500 hectares in the Stewart Mining Camp in the Golden Triangle of British Columbia. Scottie focuses on expanding known mineralization around past-producing mines and advancing high-grade gold targets to produce a high-margin DSO product.
Average Trading Volume: 122,528
Technical Sentiment Signal: Buy
Current Market Cap: C$104M
Find detailed analytics on SCOT stock on TipRanks’ Stock Analysis page.