Sienna Resources to Restart Nevada Lithium Operations as Prices Surge

Sienna Resources ( (TSE:SIEN) ) just unveiled an update.

Sienna Resources Inc. plans to recommence operations on its Nevada lithium projects, Cave Creek and Clayton Valley Deep Basin, as it seeks to capitalize on a more than 150% rise in lithium prices since June 2025. With approximately $1.5 million in cash, management says the company is in a solid financial position to advance these assets and expects to be active on the projects in 2026, underscoring a strategic push to strengthen its presence in the increasingly buoyant lithium market.

The most recent analyst rating on (TSE:SIEN) stock is a Hold with a C$0.14 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 Vancouver-based mineral exploration company focused on lithium projects in Nevada, United States. Its key assets include the Cave Creek Lithium Project, situated within Surge Battery Metals Inc.’s project area, and the Clayton Valley Deep Basin Lithium Brine Project, located within SLB Limited’s lithium brine project area, positioning the company within established lithium exploration corridors.

Average Trading Volume: 94,611

Technical Sentiment Signal: Sell

Current Market Cap: C$5.82M

See more insights into SIEN stock on TipRanks’ Stock Analysis page.