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Group Ten Metals ( (TSE:PGE) ) just unveiled an update.
Stillwater Critical Minerals Corp. has successfully closed the final tranche of its private placement, raising a total of C$7 million. The funds will be used to advance the company’s flagship Stillwater West project in Montana and for other corporate purposes. The offering included the sale of units consisting of common shares and warrants, with Red Cloud Securities acting as the sole agent. The company also plans an additional non-brokered private placement to accommodate oversubscriptions, aiming to raise up to C$230,000.
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. operates in the mining industry, focusing on the exploration and development of critical minerals. The company is primarily involved in the extraction of nickel, platinum group elements (PGE), copper, cobalt, and gold, with a significant project located in the Stillwater mining district in Montana, U.S., and another project in Yukon, Canada.
Average Trading Volume: 337,904
Technical Sentiment Signal: Buy
Current Market Cap: C$54.77M
For an in-depth examination of PGE stock, go to TipRanks’ Overview page.