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Silver Hammer Mining ( (TSE:HAMR) ) has provided an update.
Silver Hammer Mining Corp. has completed debt settlements by issuing 4,569,956 common shares valued at CAN$0.055 per share to past consultants and service providers, amounting to CAN$251,347.56. This move significantly reduces the company’s payables and strengthens its financial structure as it advances its high-grade silver projects in Idaho and Nevada. The transaction, which involved issuing shares to company executives, is considered a related party transaction but was exempt from certain regulatory requirements. This strategic financial maneuver positions Silver Hammer to continue its focus on developing its silver projects and potentially enhances its market positioning.
Spark’s Take on TSE:HAMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:HAMR is a Underperform.
Silver Hammer Mining’s overall stock score is low, primarily due to its financial performance, characterized by no revenue generation and reliance on external financing. The technical analysis shows some positive momentum, but the valuation remains unattractive due to negative profitability. The recent corporate event of debt settlement is positive but does not significantly offset the financial challenges.
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. 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. Silver Hammer aims to define and develop silver deposits near past-producing mines and also has exposure to copper and gold discoveries.
YTD Price Performance: 37.50%
Average Trading Volume: 101,175
Technical Sentiment Signal: Strong Buy
Find detailed analytics on HAMR stock on TipRanks’ Stock Analysis page.