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Sirios Resources ( (TSE:SOI) ) has issued an update.
Sirios Resources has bolstered its balance sheet with $1.52 million in new capital from the exercise of warrants and stock options, resulting in the issuance of nearly 12 million shares and bringing its total outstanding shares to just under 398 million. Management views the inflow as a vote of confidence in its pending combination with OVI Mining and plans to leverage the stronger treasury to intensify exploration work and significantly expand investor outreach in 2026, including attendance at major mining conferences in Vancouver and Toronto and a slate of investor luncheons and meetings across key Canadian financial centres. To further raise its market profile, Sirios has also engaged Investing News Network for a year-long investor awareness campaign and Resource Stock Digest for an advertising and marketing program, underscoring a concerted push to broaden its shareholder base and improve market visibility without diluting equity through additional share-based compensation to these service providers.
The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.
Spark’s Take on TSE:SOI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SOI is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and renewed TTM cash burn), partly offset by a strong low-debt balance sheet. Technicals are constructive with strong trend/momentum, though indicators look stretched. Positive corporate events (OVI/Osisko-backed combination and exploration/infrastructure progress) provide incremental upside support, while valuation offers limited help due to negative earnings and no dividend data.
To see Spark’s full report on TSE:SOI stock, click here.
More about Sirios Resources
Sirios Resources Inc. is a Quebec-based mining exploration company focused on advancing a portfolio of high-potential gold projects in the Eeyou Istchee James Bay region of Canada. The company is in the midst of a landmark transaction to acquire OVI Mining, aimed at strengthening its growth pipeline and positioning within the Canadian gold exploration sector.
Average Trading Volume: 1,059,345
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$81.08M
For detailed information about SOI stock, go to TipRanks’ Stock Analysis page.