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Silver Hammer Mining ( (TSE:HAMR) ) has provided an announcement.
Silver Hammer Mining Corp. has successfully closed a non-brokered private placement, raising CAN$31,500 through the issuance of 572,727 units. Each unit consists of one common share and one warrant, allowing the purchase of an additional share at CAN$0.07 for three years. The proceeds will be used for general working capital, potentially enhancing the company’s operational capabilities and market positioning.
Spark’s Take on TSE:HAMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:HAMR is a Neutral.
Silver Hammer Mining’s overall stock score reflects severe financial difficulties, marked by no revenue and consistent losses. While recent corporate events and positive technical momentum provide some support, the negative valuation metrics and reliance on external financing weigh heavily on the stock’s attractiveness. Immediate strategic actions are needed to address these financial challenges and enhance long-term prospects.
To see Spark’s full report on TSE:HAMR stock, click here.
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. It 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. The company’s primary focus is on defining and developing silver deposits near past-producing mines, with additional exposure to copper and gold discoveries.
YTD Price Performance: 19.05%
Average Trading Volume: 102,754
Technical Sentiment Signal: Buy
For an in-depth examination of HAMR stock, go to TipRanks’ Stock Analysis page.