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SPC Nickel ( (TSE:SPC) ) has provided an update.
SPC Nickel has identified multiple large-scale, high-priority geophysical targets at its 100%-owned Muskox copper-nickel-PGM project in Nunavut following completion of a 1,109 line-km MobileMT electromagnetic survey. The new property-wide dataset outlines a shallow, north-plunging conductive horizon over more than 27 kilometres, several deep, kilometre-scale high-conductivity anomalies interpreted as prospective for sulphide mineralization, and strong conductors coincident with key structural features and the basal contact of the Muskox Intrusion and Feeder Dyke, geological settings known to host high-grade mineralization. By integrating this MobileMT data with existing airborne and magnetic surveys, SPC Nickel gains a clearer understanding of the intrusion’s subsurface architecture and can refine drill targets, which could materially sharpen its exploration strategy and potentially unlock a district-scale discovery at Muskox.
The most recent analyst rating on (TSE:SPC) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on SPC Nickel stock, see the TSE:SPC Stock Forecast page.
Spark’s Take on TSE:SPC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPC is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn with declining equity). Technicals are a partial offset due to a strong uptrend, but overbought signals raise near-term risk. Valuation provides limited support given negative earnings and no indicated dividend yield.
To see Spark’s full report on TSE:SPC stock, click here.
More about SPC Nickel
SPC Nickel Corp. is a Canadian mineral exploration company focused on discovering and advancing nickel, copper and platinum group metal (PGM) deposits. The company’s flagship assets include the 100%-owned Muskox Cu-Ni-PGM Project in Nunavut, where it targets large-scale, magmatic sulphide mineralization within the Muskox Intrusion and associated feeder systems, positioning itself to supply metals critical to the energy transition and battery markets.
Average Trading Volume: 324,530
Technical Sentiment Signal: Buy
Current Market Cap: C$29.44M
For an in-depth examination of SPC stock, go to TipRanks’ Overview page.