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An update from Alianza Minerals ( (TSE:SNAG) ) is now available.
Silver North Resources Ltd. announced the full subscription of its $2.1 million non-brokered flow-through private placement, which will close shortly. The proceeds from this offering will be used for exploration programs on the company’s Yukon properties. Additionally, Silver North plans to raise up to $500,000 through a non-flow-through private placement to meet further investment demand, with funds allocated for general expenses and project development. The offerings are subject to regulatory approvals, and the company will ensure compliance with Canadian tax regulations to benefit subscribers.
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 mineral exploration industry, focusing on the exploration and development of mineral properties. The company is primarily engaged in the exploration of its Haldane and GDR mineral properties located in the Yukon Territory, Canada.
Average Trading Volume: 73,758
Technical Sentiment Signal: Buy
Current Market Cap: C$11.66M
For a thorough assessment of SNAG stock, go to TipRanks’ Stock Analysis page.