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Silver Sands Resources ( (TSE:SAND) ) just unveiled an update.
Silver Sands Resources Corp. plans to raise up to CAD$487,500 through a private placement of up to 6.5 million units priced at $0.075, each consisting of one common share and half a warrant exercisable at $0.15 for two years, with potential finder’s fees payable in cash and warrants. Concurrently, the company has entered into debt settlement agreements to issue 2,365,000 similar units to directors, an officer and a consultant to extinguish $177,375 of liabilities, a move aimed at conserving cash for operations; in total, 8,865,000 shares and 4,432,500 warrants will be issued, subject to Canadian Securities Exchange approval and a four-month-plus-one-day hold period, with closing targeted on or before February 10, 2026.
The most recent analyst rating on (TSE:SAND) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Silver Sands Resources stock, see the TSE:SAND Stock Forecast page.
Spark’s Take on TSE:SAND Stock
According to Spark, TipRanks’ AI Analyst, TSE:SAND is a Neutral.
The score is held down primarily by weak financial performance (no revenue, recurring losses, negative cash flow, and negative equity), which outweighs improving but still cash-burning trends. Technicals are a key offset, showing a strong uptrend versus moving averages and positive momentum indicators. Valuation is neutral-to-weak due to losses (negative P/E) and no dividend support.
To see Spark’s full report on TSE:SAND stock, click here.
More about Silver Sands Resources
Silver Sands Resources Corp. is a Canada-based mineral exploration company focused on acquiring and developing precious and base metal properties in mining-friendly jurisdictions. The company’s objective is to identify and advance economic mineral projects with potential long-term value for shareholders.
Average Trading Volume: 52,767
Technical Sentiment Signal: Buy
Current Market Cap: C$2.09M
For an in-depth examination of SAND stock, go to TipRanks’ Overview page.