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The latest announcement is out from Alianza Minerals ( (TSE:SNAG) ).
Silver North Resources Ltd. has announced an increase in its non-brokered private placement, aiming to raise up to $2,250,500 through the sale of 6,430,000 flow-through shares at $0.35 each. The proceeds will be used for Canadian exploration expenses related to the company’s Yukon projects, with the offering fully subscribed and set to close shortly.
Spark’s Take on TSE:SNAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:SNAG is a Neutral.
Alianza Minerals is significantly challenged by financial weaknesses, including no revenue and continuous losses, overshadowing its debt-free balance sheet. Despite positive technical indicators, the poor valuation and reliance on external funding limit the stock’s overall attractiveness. Strategic efforts and project developments are crucial to improving its financial health and investor appeal.
To see Spark’s full report on TSE:SNAG stock, click here.
More about Alianza Minerals
Silver North Resources Ltd. is a mining company with primary assets including the Haldane Silver Project, the Tim Silver Project, and the GDR project, located in the Yukon and British Columbia. The company is focused on acquiring additional silver properties in favorable jurisdictions and is listed on the TSX Venture Exchange, OTCQB market, and Frankfurt Stock Exchange.
Average Trading Volume: 215,345
Technical Sentiment Signal: Buy
Current Market Cap: C$29.74M
For detailed information about SNAG stock, go to TipRanks’ Stock Analysis page.