Silver North Resources Secures $2.1 Million for Yukon Exploration

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

Silver North Resources Ltd. has successfully closed a non-brokered private placement, raising $2.1 million through the sale of charity flow-through units. The funds will be used for exploration and related programs at the company’s Haldane and GDR mineral properties in the Yukon Territory, with a focus on building upon their Main Fault silver discovery from 2024. The offering was structured to comply with Canadian securities laws, allowing certain tax advantages to subscribers and facilitating further investment in the company’s projects.

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. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily engaged in unlocking value at its Haldane Property in the historic Keno Hill Silver District, Yukon Territory.

Average Trading Volume: 154,409

Technical Sentiment Signal: Buy

Current Market Cap: C$13.2M

Find detailed analytics on SNAG stock on TipRanks’ Stock Analysis page.