Silver North Seeks Up to C$6 Million to Advance Yukon Exploration Portfolio

The latest announcement is out from Alianza Minerals ( (TSE:SNAG) ).

Silver North Resources has launched a brokered “best efforts” private placement with Red Cloud Securities to raise up to C$5 million through the sale of units and charitable flow-through units, with an additional C$1 million available via an agent’s option. Proceeds will be directed primarily to exploration and related programs at the company’s Haldane and Veronica projects in Yukon, while the flow-through component will fund qualifying exploration expenditures at Haldane and GDR that will be renounced to subscribers, potentially enhancing after-tax returns for investors and supporting Silver North’s ongoing advancement of its Yukon portfolio.

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 advancing silver and related metal projects in Canada’s Yukon Territory, including its Haldane, Veronica, and GDR properties. The company operates in the junior mining and exploration sector, targeting Canadian and international investors through public listings and private placements to fund exploration activities and corporate operations.

Average Trading Volume: 220,211

Technical Sentiment Signal: Buy

Current Market Cap: C$40.16M

See more insights into SNAG stock on TipRanks’ Stock Analysis page.