Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Silver Hammer Mining ( (TSE:HAMR) ) has shared an announcement.
Silver Hammer Mining Corp. has announced its intention to settle debts through the issuance of 4,569,956 common shares at a price of $0.055 per share, totaling CAD$251,347.56. This move, subject to regulatory approval, aims to significantly reduce the company’s debt, demonstrating a commitment to financial stability and shareholder support. The issued securities will be subject to a statutory hold period, reflecting the company’s strategic approach to managing its financial obligations.
More about Silver Hammer Mining
Silver Hammer Mining Corp. is a junior resource company focused on advancing past-producing high-grade silver projects in the United States. The company controls 100% of the Silver Strand Mine in Idaho, as well as the Eliza Silver Project and the Silverton Silver Mine in Nevada, and the Lacy Gold Project in British Columbia, Canada. Their primary focus is on defining and developing silver deposits near past-producing mines, with additional exposure to copper and gold discoveries.
YTD Price Performance: 54.76%
Average Trading Volume: 98,998
Technical Sentiment Signal: Hold
Learn more about HAMR stock on TipRanks’ Stock Analysis page.