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Silver One Resources ( (TSE:SVE) ) just unveiled an update.
Silver One Resources has upsized and fully allocated its non-brokered private placement to raise approximately $32 million, issuing up to 55.17 million units at $0.58 each, with each unit comprising one common share and half a warrant exercisable at $0.80 for three years. The financing, driven by strong investor demand, will fund an expanded drilling program and metallurgical, environmental and exploration work at the company’s U.S. silver projects—particularly the Candelaria Mine in Nevada—advance a pre-feasibility study at Candelaria, cover mineral claim payments, and bolster working capital, potentially accelerating project timelines and strengthening Silver One’s position in the North American silver exploration space.
The most recent analyst rating on (TSE:SVE) stock is a Hold with a C$0.69 price target. To see the full list of analyst forecasts on Silver One Resources stock, see the TSE:SVE Stock Forecast page.
Spark’s Take on TSE:SVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SVE is a Neutral.
The score is held back primarily by pre-revenue financials (ongoing losses and cash burn) despite a low-debt balance sheet. Technical momentum is a meaningful positive with price above major moving averages, while valuation is constrained by negative earnings. Recent project-advancement news adds support but remains execution-dependent.
To see Spark’s full report on TSE:SVE stock, click here.
More about Silver One Resources
Silver One Resources is a Canadian-listed mining exploration and development company focused on advancing quality silver projects in the United States. Its flagship asset is the past-producing Candelaria Mine in Nevada, where it is evaluating both the potential reprocessing of historic leach pads for near-term silver production and expanding known high-grade silver mineralization down-dip and along strike. The company has also consolidated a large land position at the Cherokee project in Nevada, hosting multiple silver-copper-gold vein systems over more than 11 kilometres, and holds a 100% interest in the high-grade Silver Phoenix silver prospect in Arizona’s “Arizona Silver Belt,” adjacent to a major copper-producing district.
Average Trading Volume: 465,545
Technical Sentiment Signal: Buy
Current Market Cap: C$188.9M
Learn more about SVE stock on TipRanks’ Stock Analysis page.