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Alianza Minerals ( (TSE:SNAG) ) just unveiled an announcement.
Silver North Resources Ltd., a company listed on the TSX Venture Exchange, has updated its previously announced $2.1 million private placement. The offering involves the sale of charity flow-through units, with proceeds intended for exploration activities on the company’s Haldane and GDR mineral properties in the Yukon Territory. The company aims to use the funds to incur Canadian exploration expenses that qualify as flow-through mining expenditures, with a commitment to renounce these expenditures in favor of subscribers by the end of 2025. The offering is structured under a charitable donation arrangement and is subject to regulatory approvals.
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
Average Trading Volume: 62,682
Technical Sentiment Signal: Buy
Current Market Cap: C$9.21M
Learn more about SNAG stock on TipRanks’ Stock Analysis page.