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Sienna Resources ( (TSE:SIEN) ) has provided an announcement.
Sienna Resources has entered into a three-way joint venture with Cruz Battery Metals and Adelayde Exploration to explore the deep basin lithium brine potential in Nevada’s Clayton Valley, the only long-established producing lithium brine basin in the United States. The JV consolidates 115 mineral claims covering 2,300 acres entirely surrounded by existing lithium deposits held by SLB and Pure Energy Minerals, giving each partner a one-third beneficial interest, shared costs, and shared liabilities, and creating a single, contiguous land package that management believes will be more attractive to larger partners and enable drilling into the deepest brine formations at a time of strong lithium prices and renewed investor interest in junior mining stocks.
The most recent analyst rating on (TSE:SIEN) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Sienna Resources stock, see the TSE:SIEN Stock Forecast page.
Spark’s Take on TSE:SIEN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIEN is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn), only partly offset by a debt-free balance sheet. Technicals provide modest support with the stock trading above key short- and mid-term moving averages, but long-term trend weakness and loss-based valuation keep the overall score low.
To see Spark’s full report on TSE:SIEN stock, click here.
More about Sienna Resources
Sienna Resources Inc. is a junior mining and exploration company focused on battery metals, particularly lithium, with projects in key North American jurisdictions. The company targets high-potential mineral properties and seeks to enhance its leverage to commodity price cycles and discovery upside, positioning itself to attract larger strategic partners in the growing battery and electrification supply chain.
Average Trading Volume: 63,708
Technical Sentiment Signal: Sell
Current Market Cap: C$5.6M
Learn more about SIEN stock on TipRanks’ Stock Analysis page.