Silver North Seeks Up to C$5 Million in Brokered Private Placement for Yukon Exploration

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

Silver North Resources has launched a brokered, best-efforts private placement led by Red Cloud Securities to raise up to C$5 million through a mix of units and charity flow-through units, with an additional C$1 million available via an agent’s option. The financing, conducted under the listed issuer financing exemption in several Canadian provinces and via private placement in the U.S. and other jurisdictions, will fund exploration at the Haldane, Veronica and GDR projects in Yukon and provide working capital, with flow-through proceeds earmarked for qualifying Canadian exploration expenditures that will be renounced to investors, underscoring the company’s push to advance its core assets and attract tax-advantaged capital.

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 Vancouver-based mineral exploration company focused on silver and related precious metal projects in Canada’s Yukon Territory, including its Haldane, Veronica and GDR properties. The company is listed on the TSX Venture Exchange under the symbol SNAG and targets growth through the advancement of high-potential exploration assets in established mining jurisdictions.

Average Trading Volume: 220,211

Technical Sentiment Signal: Buy

Current Market Cap: C$40.16M

For an in-depth examination of SNAG stock, go to TipRanks’ Overview page.