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Silver North Raises C$2.1 Million to Fund Yukon Silver Exploration

Story Highlights
  • Silver North closed a C$2.1 million charity flow-through private placement on August 12, 2025.
  • Funds will support Yukon exploration, including new drilling at Haldane’s Main Fault and work at the GDR project.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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An update from Alianza Minerals ( (TSE:SNAG) ) is now available.

On August 12, 2025, Silver North Resources Ltd. closed a previously announced non-brokered private placement, raising C$2.1 million through the sale of charity flow-through units priced at C$0.21, each comprising one common share and a half warrant exercisable at C$0.35 until August 12, 2029. The company plans to deploy the proceeds to fund exploration at its Haldane and GDR projects in Yukon, including a prospecting, sampling and mapping program at the Veronica claim block of the GDR Project and a 10-hole (2,500 m) diamond drilling campaign at the Haldane Main Fault target to follow up on high-grade silver-lead-zinc mineralization intersected in 2024, while the financing structure, associated finders’ fees and use of the listed issuer financing exemption underscore Silver North’s ongoing effort to advance its core assets and solidify its position in the Yukon silver sector.

The most recent analyst rating on (TSE:SNAG) stock is a Hold with a C$0.43 price target. To see the full list of analyst forecasts on Alianza Minerals stock, see the TSE:SNAG Stock Forecast page.

Spark’s Take on TSE:SNAG Stock

According to Spark, TipRanks’ AI Analyst, TSE:SNAG is a Neutral.

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and cash burn). Technicals are moderately supportive (price above longer-term averages and positive MACD), but valuation remains unattractive/limited due to a negative P/E and no dividend data.

To see Spark’s full report on TSE:SNAG stock, click here.

More about Alianza Minerals

Silver North Resources Ltd., formerly Alianza Minerals Ltd., is a Canadian mineral exploration company focused on silver projects in the Yukon Territory and the Silvertip/Midway district spanning British Columbia and Yukon. Its primary assets include the 100%-owned Haldane Silver Project adjacent to Hecla Mining’s Keno Hill operation, the Tim Silver Project under option to Coeur Mining Inc., and the GDR project in the same Silvertip/Midway district, and it is listed on the TSX Venture Exchange, OTCQB and Frankfurt exchanges.

Average Trading Volume: 265,841

Technical Sentiment Signal: Buy

Current Market Cap: C$29.68M

For detailed information about SNAG stock, go to TipRanks’ Stock Analysis page.

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