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Alianza Minerals ( (TSE:SNAG) ) has shared an announcement.
Silver North Resources Ltd. announced a $2.1 million non-brokered private placement through the sale of 6 million flow-through shares. The funds raised will be allocated to Canadian exploration expenses, particularly for the company’s projects in the Yukon Territory, including follow-up drilling at the Haldane Project. This strategic move aims to bolster Silver North’s exploration activities and strengthen its position in the mining industry.
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 focused on silver exploration and development. Its primary assets include the Haldane Silver Project, the Tim Silver Project, and the GDR project, all located in favorable mining jurisdictions in Canada. The company is listed on the TSX Venture Exchange, OTCQB market, and Frankfurt Stock Exchange.
Average Trading Volume: 220,100
Technical Sentiment Signal: Buy
Current Market Cap: C$24.47M
See more insights into SNAG stock on TipRanks’ Stock Analysis page.