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Silver Viper Minerals ( (TSE:VIPR) ) just unveiled an announcement.
Silver Viper Minerals has closed the final tranche of its non-brokered private placement, issuing 3,433,750 units at $0.80 each for proceeds of $2.75 million, bringing total funds raised under the offering to $17 million. The capital will support ongoing surface exploration and preparation for a drill campaign at the La Virginia Gold-Silver Project in Mexico, as well as general corporate purposes, with insiders participating on a limited basis under related-party rules. The company is also progressing toward completion of its planned acquisition of 100% of the Coneto Silver-Gold Project from Fresnillo and Orex Minerals, which, once finalized and approved, would further expand Silver Viper’s footprint in key Mexican precious-metals districts and potentially strengthen its long-term growth pipeline.
Spark’s Take on TSE:VIPR Stock
According to Spark, TipRanks’ AI Analyst, TSE:VIPR is a Underperform.
Silver Viper Minerals has a low overall stock score due to significant financial challenges such as a lack of revenue and persistent losses, which are not offset by a strong balance sheet. The technical analysis suggests a bearish outlook, and valuation metrics indicate unprofitability with no dividend yield. The absence of earnings call data and corporate events further emphasizes the need for improvements in revenue generation and operational efficiency to enhance sustainability and investment appeal.
To see Spark’s full report on TSE:VIPR stock, click here.
More about Silver Viper Minerals
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on advancing precious-metals projects in Mexico. Its portfolio includes the La Virginia Gold-Silver Project in Sonora, the Cimarron Gold-Copper Project in Sinaloa, and the pending acquisition of the Coneto Silver-Gold Project in Durango, providing exposure to district-scale opportunities within Mexico’s prolific silver belt.
Average Trading Volume: 162,013
Technical Sentiment Signal: Buy
Current Market Cap: C$118.4M
For an in-depth examination of VIPR stock, go to TipRanks’ Overview page.