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Stellar AfricaGold ( (TSE:SPX) ) just unveiled an announcement.
Stellar AfricaGold Inc. has entered into an Earn-in and Joint Venture Agreement with MetalsGrove Mining Ltd to advance the Zuénoula Gold Project in Côte d’Ivoire. This partnership will see MetalsGrove invest up to US$3 million in exploration expenditures by April 2029, potentially increasing its stake in the project to 80%. This agreement allows Stellar to advance the project without diverting resources from its flagship Tichka Est Gold Project in Morocco, while also reducing financial risk and maintaining significant exposure in Côte d’Ivoire.
Spark’s Take on TSE:SPX Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPX is a Underperform.
Stellar AfricaGold’s overall score is low due to severe financial difficulties, including negative earnings and equity. Despite some positive corporate events and ongoing exploration projects, the bearish technical indicators and poor valuation metrics significantly impact the stock’s potential performance.
To see Spark’s full report on TSE:SPX stock, click here.
More about Stellar AfricaGold
Stellar AfricaGold Inc. is a Canadian exploration company focused on precious metals in North and West Africa, with active programs in Morocco and Côte d’Ivoire. The company’s principal projects include the Tichka Est Gold Project in Morocco and the Zuénoula Gold Project in Côte d’Ivoire.
Average Trading Volume: 164,416
Technical Sentiment Signal: Sell
Current Market Cap: C$9.07M
See more insights into SPX stock on TipRanks’ Stock Analysis page.