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Silver Tiger Metals ( (TSE:SLVR) ) has issued an announcement.
Silver Tiger Metals Inc. has announced a bought deal financing agreement with Stifel Canada, where underwriters will purchase 34,750,000 common shares at C$0.72 each, raising approximately C$25,020,000. The funds will be used for exploration at the El Tigre Project in Mexico and for general corporate purposes. The offering is expected to close by October 7, 2025, pending necessary approvals, and includes an option to purchase an additional 15% of the shares, potentially increasing proceeds to C$28,773,000. This financing move is poised to bolster Silver Tiger’s exploration efforts and strengthen its position in the silver mining industry.
The most recent analyst rating on (TSE:SLVR) stock is a Buy with a C$0.85 price target. To see the full list of analyst forecasts on Silver Tiger Metals stock, see the TSE:SLVR Stock Forecast page.
Spark’s Take on TSE:SLVR Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLVR is a Neutral.
Silver Tiger Metals faces significant financial hurdles with negative profitability and cash flow issues. However, recent financing and promising developments at the El Tigre Project offer potential for future growth. The technical analysis is neutral, and the valuation appears overvalued in light of financial performance. Overall, the stock’s score reflects these mixed factors.
To see Spark’s full report on TSE:SLVR stock, click here.
More about Silver Tiger Metals
Silver Tiger Metals Inc. is a Canadian company with over 25 years of experience in discovering, financing, and building large hydrothermal silver projects in Mexico. The company owns the 28,414-hectare El Tigre Mining District in Sonora, Mexico, which is part of the Sierra Madre silver and gold belt known for its epithermal silver and gold deposits.
Average Trading Volume: 777,348
Technical Sentiment Signal: Buy
Current Market Cap: C$324.8M
Learn more about SLVR stock on TipRanks’ Stock Analysis page.