Silver North Upsizes Brokered LIFE Financing to C$7 Million for Yukon Exploration

Alianza Minerals ( (TSE:SNAG) ) just unveiled an update.

Silver North Resources has increased the size of its previously announced brokered LIFE private placement from C$5 million to up to C$7 million due to strong investor demand, with Red Cloud Securities acting as sole agent and bookrunner. The upsized financing, comprising units and charity flow-through units with attached warrants and an additional C$1 million agent’s option, is intended to fund exploration programs at the company’s Haldane, Veronica and GDR projects in Yukon, as well as general working capital, supporting its ongoing efforts to advance key silver-focused assets and strengthen its financial position in the Canadian mining exploration market.

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., listed on the TSX Venture Exchange under the symbol SNAG, is a Canadian mineral exploration company focused on advancing silver and related metal projects. Its primary exploration activities are centered on the Haldane, Veronica and GDR properties in Yukon Territory, targeting high-potential silver and mining assets within Canada’s resource sector.

Average Trading Volume: 217,669

Technical Sentiment Signal: Buy

Current Market Cap: C$40.16M

Find detailed analytics on SNAG stock on TipRanks’ Stock Analysis page.