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Group Ten Metals ( (TSE:PGE) ) has shared an announcement.
Stillwater Critical Minerals Corp. has successfully closed the final tranche of its brokered private placement, raising a total of C$7 million. The funds will be used for exploration and advancement of its Stillwater West project in Montana and a lesser program in Yukon, Canada. The closing of this tranche is subject to final approval by the TSX Venture Exchange, and Glencore Canada Corporation intends to participate in a separate non-brokered private placement.
Spark’s Take on TSE:PGE Stock
According to Spark, TipRanks’ AI Analyst, TSE:PGE is a Neutral.
Group Ten Metals faces significant financial challenges with no revenue and sustained losses, heavily impacting its stock score. Despite this, technical indicators suggest bullish momentum, and corporate strategies align well with national policies, potentially supporting future growth if financial health improves.
To see Spark’s full report on TSE:PGE stock, click here.
More about Group Ten Metals
Stillwater Critical Minerals Corp. is a resource-stage mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the Stillwater mining district in Montana, USA.
Average Trading Volume: 337,904
Technical Sentiment Signal: Buy
Current Market Cap: C$54.77M
See more insights into PGE stock on TipRanks’ Stock Analysis page.